Polycab India Limited announced the approval of its unaudited standalone and consolidated financial results for Q2 FY26. The board also approved the appointment of Mr. Niyant Maru as Executive President – Finance and subsequently as CFO, effective October 28, 2025, for a fixed term. The board also approved a scheme of amalgamation and addressed segment reclassifications, as detailed in the announcement.
Financial Performance Highlights
Polycab India Limited’s Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025 (Q2 FY26). These results have been reviewed and recommended by the Audit Committee, indicating a thorough evaluation of the company’s financial standing during the period.
Leadership Changes
Mr. Niyant Maru has been appointed as Executive President – Finance, effective October 17, 2025. He will be further designated as Chief Financial Officer (CFO), effective October 28, 2025. This appointment follows the resignation of Mr. Gandharv Tongia, with Mr. Maru serving a fixed term ending July 16, 2026, after which he will remain an advisor.
Business Developments
The Board approved a scheme of amalgamation between Polycab and Uniglobus Electricals and Electronics Private Limited, a wholly-owned subsidiary. This will take effect upon regulatory approvals. There was also a segment reclassification. The former “Others” segment is now reclassified as “EPC”, effective March 31, 2025, and certain entities were recategorized into the “Wires & Cables” segment.
Q2 FY26 Standalone Results
The standalone revenue from operations was ₹63,399.62 million. Profit before tax stood at ₹8,962.30 million and profit for the period was ₹6,747.99 million.
Q2 FY26 Consolidated Results
On a consolidated basis, the company’s revenue from operations was ₹64,772.11 million. The profit before tax was ₹9,210.01 million, while the profit for the period stood at ₹6,929.59 million.
These results provide a snapshot of Polycab’s financial performance and strategic decisions during the specified period, reflecting both operational outcomes and forward-looking business strategies.
Source: BSE
