Polycab India, a leading manufacturer of wires, cables, and fast-moving electrical goods (FMEG), reported its Q3 FY25 results yesterday, showing a 10.8% uptick in net profit to ₹457 crore, while revenue jumped 20.4% to ₹5,226 crore. The growth was driven by strong performance in the wires, cables, and FMEG segments.
Polycab India Ltd’s total revenue from operations grew by 20.41%, reaching ₹5,226.06 crore compared to ₹4,340.47 crore in Q3 FY24.
Despite a rise in total expenses by 19.90%, which reached ₹4,634.5 crore from ₹3,865.06 crore a year ago, Polycab saw growth in both its key business segments.
The wires and cables division contributed ₹4,384.63 crore to revenue, up from ₹3,904.1 crore, while the FMEG segment generated ₹423.18 crore, compared to ₹296.18 crore in the previous year.
The company’s posted a 10.8% increase in its consolidated net profit to ₹457.56 crore for the third quarter of FY25, up from ₹412.85 crore in the same period last year.
The company’s strong performance in these sectors underpinned its growth, reflecting solid demand in both domestic and international markets.
In November the company announced that it had emerged as the Lowest Bidder for a significant project awarded by Bharat Sanchar Nigam Limited (BSNL).
The company secured the contract for the “Development, Upgradation, and Operation and Maintenance of the Middle Mile Network of BharatNet” under the Design Build Operate and Maintain (DBOM) model for Package 7, covering Bihar. The total value of the contract was of ₹1,549.66 crore (inclusive of GST).
Polycab India’s share price traded 1.21% higher at ₹6,238.70 at 9:35 PM on the NSE. The stock opened higher at ₹6,179.95 compared to the previous close of ₹6,164.35.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 23, 2025, 9:42 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
