Polycab India’s board has appointed Mr. Niyant Maru as Executive President and interim Chief Financial Officer (CFO), effective October 17, 2025. This follows the resignation of the previous CFO. In addition, the board reviewed and approved the unaudited standalone and consolidated financial results for Q2 2026 (July-Sept), posting revenue from operations of ₹64,772.11 million. A scheme of amalgamation with Uniglobus Electricals is also underway, pending regulatory approvals.
Executive Leadership Changes
Mr. Niyant Maru has been appointed as Executive President and interim Chief Financial Officer (CFO), effective October 17, 2025. He will serve a fixed term while the management seeks a permanent replacement following the resignation of the previous CFO, Mr. Gandharv Tongia.
Financial Highlights for Q2 2026 (July-Sept)
The Board of Directors reviewed and approved the unaudited financial results for the quarter and six months ended September 30, 2025. Key figures from the consolidated results include:
- Revenue from operations: ₹64,772.11 million
- Total Income: ₹65,226.44 million
- Total expenses: ₹56,016.43 million
- Profit before tax: ₹9,210.01 million
- Profit for the period: ₹6,929.59 million
Earnings per share for the quarter (basic) amounted to ₹45.54.
Segmental Performance (Q2 2026)
Revenue from key segments included:
- Wires and cables: ₹56,911.30 million
- FMEG (Fast Moving Electric Goods): ₹4,521.84 million
- EPC: ₹4,023.90 million
Amalgamation Update
The scheme of amalgamation between Polycab India and Uniglobus Electricals and Electronics Private Limited is proceeding, pending regulatory approvals and shareholder consent. The appointed date of the scheme is April 1, 2025.
Source: BSE
