Polycab India Q4 Results: Net profit jumps 33% to ₹727 crore; company declares final dividend of ₹35 per share

The company had posted a profit of ₹546 crore in the year-ago period.

Revenue from the operations came in at ₹6,986 crore, up 24.9% against ₹5,592 crore registered in the year-ago period.

Polycab reported a stable operational performance as its earnings before interest, taxes, depreciation and amortisation (EBITDA) also known as operating profit rose 35% to ₹1,025 crore in March quarter as against ₹762 crore in the year-ago period. Its operating profit margin improved by 110 basis points to 14.68% from 13.62%.

The company also said that its board has recommended a final dividend of ₹35 per share.

Further, the company said that its board has approved the scheme of amalgamation between the company and Uniglobus Electricals and Electronics Private Limited, a wholly owned subsidiary of the company on a going concern basis. The appointed date of the scheme is April 1, 2025. The scheme will be given effect to on receipt of requisite regulatory approvals and consent from shareholders and filing of such approvals with the Registrar of Companies (ROC).

The company said that its wires and cables business rose by 22% in March quarter annually driven by sustained momentum across key sectors.

"Key contributors included increased government spending, improved project execution, continued strength in real estate, and an inflationary trend in commodity prices. The domestic business grew by 27% YoY, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction," Polycab said in a press release.

The Fast-Moving Electrical Goods (FMEG) business registered a strong 33% YoY growth, with all product categories maintaining a robust growth trajectory, the company added.

Shares of the company, after the result announcement, were trading at ₹5,989.40, up 3.29%.