Polycab Q4 Profit Jumps 35% YoY to ₹727 Crore

8 May 2025 , 12:48 AM

Polycab India Ltd. reported robust financials for January–March 2025 quarter with top line expanding 25% year-on-year to ₹6,985.7 crore.

Company’s EBITDA increased 34.7% compared to the corresponding quarter of last year to ₹1,025.7 crore, reflecting enhanced operating performance. EBITDA margin at 14.7%, higher by 110 basis points from last year. Net profit in the quarter grew 35% year-on-year to ₹727 crore, aided by robust revenues growth and margin improvement.

The wires and cables segment grew 22% year-on-year, supported by increased government spending, improved project execution, a strong residential market, and increased commodity prices. Within this segment, the cables grew faster than wires in the quarter.

Polycab’s international business saw a temporary dip as one big order was delayed to the subsequent quarter. The FMEG (Fast-Moving Electrical Goods) business has increased 33% year-on-year as all product groups contributed to the growth. Switches, conduit pipes & fittings, and switchgears were among some of the other products that saw good performance.

The FMEG business became profitable this quarter after a decade-long waiting period with its first consecutive ten quarters’ profit following a string of strategic investments.

The EPC (Engineering, Procurement, and Construction) segment reported a 47% year-over-year growth on the strength of robust execution of the RDSS project pipeline. The company crossed the ₹22,000 crore revenue mark for the current year, as signaled by its earlier guidance, though it has not declared a revenue target for the next fiscal year.

The Polycab board declared a final dividend of ₹35 per equity share, an all-time best for the company. The dividend pay-out percentage in FY25 changed to 26.3% from 25.5% in the previous year and aligns with the company’s goal of crossing over 30% under Project Spring by FY30.