Polycab India Limited announced strong Q2 FY26 results with revenue at ₹64,772 Mn, up 18% YoY. EBITDA soared to ₹10,207 Mn, a 62% YoY increase, while PAT reached ₹6,930 Mn, climbing 56% YoY. Wires & Cables segment drove growth, while FMEG segment also contributed. The company’s ‘Project Spring’ continues to drive strategic initiatives and enhance long-term value.
Exceptional Financial Performance
Polycab India Limited showcased impressive financial results for Q2 FY26, demonstrating substantial growth across key metrics:
- Revenue: Reached ₹64,772 Mn, reflecting an increase of 18% YoY and 10% QoQ.
- EBITDA: Significantly improved to ₹10,207 Mn, marking a substantial surge of 62% YoY and 19% QoQ.
- Profitability (PAT): Registered a notable growth to ₹6,930 Mn, which is a 56% YoY increase and 16% QoQ.
For the first half of the fiscal year (H1 FY26), the company reported:
- Revenue: ₹1,23,832 Mn, a 21% YoY increase.
- EBITDA: ₹18,784 Mn, up 55% YoY.
- PAT: ₹12,927 Mn, climbing 53% YoY.
Segment Highlights
The company’s performance was largely driven by the following:
- Wires and Cables (W&C): The segment continued to deliver robust growth, supported by strong demand in both government and private sectors. Revenue soared to ₹56,329 Mn in Q2 FY26, up 26% YoY.
- FMEG: The FMEG business maintained its steady growth trajectory, achieving a 14% YoY revenue growth during the quarter. Revenue reached ₹4,437 Mn.
- EPC: Revenue for the EPC segment was ₹4,024 Mn.
Project Spring Update
The company’s strategic initiative, ‘Project Spring,’ continues to progress, driving momentum and building for future growth. Key updates include:
- Targeting approximately 1.5x market growth in core segments by FY30.
- Aiming for 11-13% Wires & Cables EBITDA.
- Targeting over 10% contribution from Exports.
Source: BSE
