Cable and wire manufacturer Polycab India Limited shares rose by 9% in two trading sessions following strong results by RR Kabel and its management commentary, and today the company announced its March quarter results. 

Polycab Q4 Results 

Net profit rises by 33% as compared to last year to Rs 726.6 crore. In March 2024 company posted a net profit of Rs 546 crore, and Revenue of company increased by 25% compared to the last year to Rs 6,985 crore, and the company posted 5,592 crore same period last year. 

EBITDA of wire manufacturer rises by 34.6% YOY to Rs 1,025 crore, and the margins of the company rise to 14.7% from 13%.6% last year 

Polycab Board announced a dividend of Rs 35/share

Segment-wise revenue 

Fast-moving electrical goods(FMEG) business registered growth of 33% YOY to Rs 475 Crore, and FMEG business assets stand at Rs 843 Crore.

Wires and cables (W&C) segments achieved a growth of 22% YOY to Rs 601 crore, and C&W business assets stand at Rs 8,000 Crore. 

EPC business growth at 47% YOY to Rs 602 crore, and EPC business assets stand at Rs 1,723 Crore 

Following these strong results, shares of Polycab Limited rose by 4% and are trading at Rs 6060 per share in the last one year. Polycab shares have given flat returns due to the fear of big entries in the wire and cable sector, like Ultratech Cement and the Adani group. Following this announcement, Polycab and other wire shares saw sharp declines, although Ultratech Cement said it will take at least 1 year to start operations. 

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