Polycab India Limited delivered a strong set of numbers for the quarter ended June 30, 2025 (Q1 FY26), with profits and margins exceeding market expectations, supported by robust demand and operational efficiency.
For the quarter, revenue from operations rose 26% year-on-year (YoY) to ₹5,906 crore, compared to ₹4,698 crore in Q1 FY25. Total income, including other income, stood at ₹5,986 crore, up from ₹4,756 crore YoY.
The company reported an EBITDA of ₹858 crore, up from ₹583 crore in the same quarter last year and ahead of street estimates of ₹762 crore. The EBITDA margin improved to 14.52%, compared to 12.42% YoY, also beating estimates of around 13.5%.
On the bottom line, net profit jumped to ₹600 crore, a ~49% YoY increase from ₹401 crore in Q1 FY25, while profit before tax stood at ₹801 crore, compared to ₹533 crore YoY.
Total expenses rose to ₹5,185 crore in Q1 FY26 from ₹4,223 crore YoY, driven by higher material and employee costs, but better operating leverage helped margins improve.
Key Highlights:
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Revenue: ₹5,906 crore (up 26% YoY)
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EBITDA: ₹858 crore (up 47% YoY; est. ₹762 crore)
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EBITDA Margin: 14.52% (vs 12.42% YoY; est. ~13.5%)
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Net Profit: ₹600 crore (up ~49% YoY)
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Profit Before Tax: ₹801 crore (up ~50% YoY)
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Total Expenses: ₹5,185 crore (up ~23% YoY)
The company’s EBITDA and margins came in ahead of estimates, reflecting strong execution and cost management despite rising input costs.
