Polycab India's PAT up 36.72% to Rs 270.45 crore in the September quarter

19 Oct 2022 , 08:18 AM

Polycab India (PIL), a producer of wires and cables, announced on Tuesday that its consolidated PAT for the three months ending in September increased by 36.72% to Rs270.45 crore. According to a regulatory filing, the company’s earnings for the equivalent quarter of 2021—22 was Rs197.80 crore.

The company’s operational revenue for the quarter under review increased by 10.83% to Rs3,332.35 crore from Rs3,006.55 crore in the same quarter last year.

The majority of PIL’s product categories look promising, and the company is still dedicated to achieving Rs200 billion in revenues by FY26. A strong domestic economy and structural reforms that are centred on infrastructure development are encouraging.

The company’s shares on the BSE finished at Rs2,751.15 per share on Tuesday, up 5%.

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