Polycab India Limited announced its strongest-ever Q2 and H1 results. H1 FY26 revenue reached ₹1,23,832 Mn, a 21% YoY increase, with EBITDA at ₹18,784 Mn, up 55% YoY. Q2 FY26 revenue was ₹64,772 Mn, up 18% YoY, and EBITDA increased to ₹10,207 Mn, a 62% YoY rise. The company demonstrates robust growth across its core segments.
Exceptional Financial Performance
Polycab India Limited (BSE: 542652, NSE: POLYCAB) has released its financial results for the second quarter and half-year ending September 30, 2025, showcasing record-breaking performance.
Key Financial Highlights: Half Year (H1 FY26)
The company achieved remarkable milestones during the first half of the financial year:
- Revenue: Reached ₹1,23,832 Mn, reflecting a growth of 21% year-over-year (YoY).
- EBITDA: Stood at ₹18,784 Mn, marking a substantial increase of 55% YoY.
- PAT: Recorded at ₹12,927 Mn, a significant surge of 53% YoY.
Key Financial Highlights: Second Quarter (Q2 FY26)
- Revenue: Totaled ₹64,772 Mn, an increase of 18% compared to the same quarter last year.
- EBITDA: Increased to ₹10,207 Mn, demonstrating a robust growth of 62% YoY.
- PAT: Reached ₹6,930 Mn, up by 56% YoY.
Segment Performance
The Wires & Cables (W&C) segment exhibited a 21% YoY growth in Q2 FY26, driven by robust demand from both government and private sectors. The international business expanded by 25% YoY.
The Fast Moving Electrical Goods (FMEG) segment sustained its growth trajectory, achieving a 14% revenue increase in Q2 FY26. The EPC segment reported revenues of ₹4,024 million, a 19% YoY decline, but with a 42% YoY increase in EBIT for the quarter.
EBITDA and PAT Margins
EBITDA increased by 62% YoY and 19% quarter-over-quarter (QoQ) primarily supported by stronger margins in the W&C business. PAT registered strong growth of 56% YoY. For H1FY26, EBITDA margins stood at 15.2%.
Strong Cash Position
As of September 30, 2025, Polycab’s net cash position was reported at ₹29.4 Bn, compared to ₹24.3 Bn in the same quarter of the previous year.
Source: BSE
