Polycab India Limited announced a strong financial performance for Q3 FY26, with revenue reaching ₹76,361 Mn, a 46% increase YoY. EBITDA stood at ₹9,661 Mn, up by 34% YoY, while PAT reached ₹6,302 Mn, reflecting a 36% YoY growth. The company’s wires and cables segment continues to be a key driver, supported by robust demand and strategic initiatives.
Key Financial Highlights
Polycab India Limited reported impressive financial results for the third quarter of fiscal year 2026:
- Revenue: ₹76,361 Mn, a 46% YoY increase and 18% QoQ increase
- EBITDA: ₹9,661 Mn, up 34% YoY
- PAT: ₹6,302 Mn, reflecting a 36% YoY increase
For the nine-month period (9MFY26), the company also showcased robust growth:
- Revenue: ₹2,00,193 Mn, a 30% increase YoY
- EBITDA: ₹28,444 Mn, up 47% YoY
- PAT: ₹19,228 Mn, also up 47% YoY
Segment Performance
Wires and Cables
The domestic wires and cables business demonstrated exceptional growth, with a 59% YoY increase. This was supported by robust demand and favorable commodity prices. The company’s focus on project Spring has been a key factor in driving market share gains.
FMEG (Fast Moving Electrical Goods)
The FMEG segment continued its growth trajectory, recording a 17% YoY increase in Q3 FY26 and a 16% YoY increase for 9MFY26. The solar category has been a significant contributor, with other product segments performing well.
EPC (Engineering, Procurement, and Construction)
The EPC segment saw a 4% YoY revenue growth in Q3 FY26. While revenues declined by 12% YoY for 9MFY26, the company expects a sustainable operating margin in the high single digits over the mid-to-long term.
Shareholding Pattern
As of December 31, 2025, the shareholding pattern is as follows:
- Promoter: 62%
- FII (Foreign Institutional Investors): 8%
- DII (Domestic Institutional Investors): 15%
- QIB + AIF: 3%
- Others: 13%
Source: BSE
