Polycab India achieves record Rs 285 billion revenue in FY26

Yash Agarwal — Wed, 06 May 2026 09:12:27 +0000

Polycab India Limited has reported its highest-ever yearly and quarterly revenue and profitability for the financial year ending March 31, 2026. The company achieved a significant milestone with yearly revenues surpassing ₹285 billion, marking a 29% year-on-year increase from ₹224.08 billion in FY25.

In the fourth quarter of FY26, Polycab’s revenue stood at ₹88.65 billion, reflecting a 27% year-on-year growth. The company’s EBITDA for the year was ₹40.06 billion, up 35% from the previous year, with margins at 13.9%. The profit after tax (PAT) increased by 32% to ₹27.08 billion, with a PAT margin of 9.4%.

The Wires & Cables (W&C) segment was a significant contributor to this growth, with revenues rising 33% year-on-year to ₹251.79 billion. The Fast-Moving Electrical Goods (FMEG) business also performed well, with revenues growing 25% year-on-year to ₹20.69 billion. However, the EPC business saw a 13% decline in revenue.

Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director of Polycab India, highlighted the company’s strong execution and market share gains. He noted that the success of Project Spring had structurally strengthened Polycab’s competitive position, enabling it to outperform the broader industry.

Polycab’s international business also showed robust growth, contributing 5.4% to the consolidated revenue. The company ended the year with a net cash position of ₹41.9 billion, up from ₹24.6 billion the previous year.

The Board of Directors proposed a dividend of ₹47 per share for FY26, representing a 470% payout of the company’s face value, aligning with the Project Spring goal of increasing the dividend payout to over 30% by FY30.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Inder T. Jaisinghani | Business Upturn

Polycab India achieves record Rs 285 billion revenue in FY26