Polycab India Ltd Q2 FY26 Results

Summary

Polycab India Ltd has announced its results for the second quarter and six months ended September 30, 2025. The company reported a significant increase in revenue, EBITDA, and profitability for both Q2 and H1 FY26. The W&C business, FMEG business, and international business all contributed to the growth. The EPC business, however, reported a decline in revenues but an increase in EBIT.

Key Highlights

1. 1

   H1 FY26 Revenue at ₹ 1,23,832 Mn; up 21% YoY

2. 2

   H1 FY26 EBITDA at ₹ 18,784 Mn; up 55% YoY

3. 3

   H1 FY26 PAT at ₹ 12,927 Mn; up 53% YoY

4. 4

   Q2 FY26 Revenue at ₹ 64,772 Mn; up 18% YoY

5. 5

   Q2 FY26 EBITDA at ₹ 10,207 Mn; up 62% YoY

6. 6

   Q2 FY26 PAT at ₹ 6,930 Mn; up 56% YoY

7. 7

   W&C segment achieved a 21% YoY growth for the quarter

8. 8

   FMEG segment registered a 14% YoY revenue growth during the quarter

9. 9

   EPC segment reported revenues of ₹ 4,024 million, a 19% YoY decline

10. 10

    EBITDA increased by 62% YoY and 19% QoQ, supported by stronger margins in the W&C business and a one-off gain in the EPC segment

11. 11

    Consolidated EBITDA margins improved by ~130 bps sequentially to 15.8%

12. 12

    Company achieved a significant milestone, with half-year revenues surpassing ₹ 120 billion for the first time ever, growing 21% YoY