Polycab India shares surged nearly 5% in early trade on May 7 after the company reported strong March quarter earnings, led by robust revenue growth and improved operating performance.
The stock rose 4.98% to ₹8,835 on the NSE, after touching an intraday high of ₹8,940, which also marked its 52-week high. Trading volumes remained active with over 4 lakh shares changing hands in early trade.
The rally came after the company reported a 26.9% year-on-year (YoY) rise in consolidated revenue from operations to ₹8,864.48 crore for the quarter ended March 31, 2026, compared to ₹6,985.80 crore in the corresponding quarter last year.
Profit attributable to equity shareholders of the parent company rose 6.34% YoY to ₹772.77 crore from ₹726.67 crore a year ago.
At the operating level, EBITDA stood at ₹1,161.31 crore, compared to ₹1,025.39 crore in the year-ago quarter, registering a growth of 13.25%. EBITDA margin, however, moderated to 13.10% from 14.68% due to higher input and operating costs.
The company also announced a dividend of ₹47 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting.
Polycab India is one of India’s leading manufacturers of wires and cables and has been expanding its presence in the fast-moving electrical goods (FMEG) segment.
The sharp move in the stock reflected investor optimism around the company’s strong revenue growth, healthy profitability and dividend announcement despite some pressure on margins.