Polycab India Ltd Q3 FY26 Results

Summary

Polycab India Ltd has announced its results for the third quarter and nine months ended December 31, 2025. The company reported a record-breaking quarter with highest ever revenue, EBITDA, and profitability. The domestic business delivered exceptional performance, reflecting robust demand conditions and continued market share gains. The company's revenues grew by 46% YoY to stand at ₹ 76,361 Mn in Q3 FY26 and 30% YoY to stand at ₹ 2,00,193 Mn in 9M FY26.

Key Highlights

1. 1

   The Board of Directors approved the redesignation of Mr. Bharat A. Jaisinghani and Mr. Nikhil R. Jaisinghani from Executive Director to Joint Managing Director with immediate effect.

2. 2

   Q3 FY26 Revenue at ₹ 76,361 Mn; up 46% YoY

3. 3

   Q3 FY26 EBITDA at ₹ 9,661 Mn; up 34% YoY

4. 4

   Q3 FY26 PAT at ₹ 6,302 Mn; up 36% YoY

5. 5

   9M FY26 Revenue at ₹ 2,00,193 Mn; up 30% YoY

6. 6

   9M FY26 EBITDA at ₹ 28,444 Mn; up 47% YoY

7. 7

   9M FY26 PAT at ₹ 19,228 Mn; up 47% YoY

8. 8

   W&C segment delivered 53% YoY growth for the quarter

9. 9

   FMEG segment demonstrated continued momentum, recording 17% YoY growth in the quarter

10. 10

    EPC business reported revenues of ₹ 4,069 million, a 4% YoY increase

11. 11

    EBITDA grew by a robust 34% YoY, with consolidated margins at 12.7%

12. 12

    PAT registered a strong growth of 36% YoY, with PAT margins at 8.3%

13. 13

    Company achieved a significant milestone, with nine-month revenues surpassing ₹ 200 billion for the first time ever

14. 14

    W&C business revenues grew 35% YoY to ₹ 1,75,054 Mn from ₹ 1,29,680 Mn in 9M FY25

15. 15

    FMEG business grew 16% YoY to ₹ 13,775 Mn in 9M FY26 from ₹ 11,844 Mn in 9M FY25

16. 16

    EBITDA grew 47% YoY to ₹ 28,444 Mn in 9M FY26 from ₹ 19,349 Mn in 9M FY25

17. 17

    PAT increased by 47% YoY to ₹ 19,228 Mn from ₹ 13,112 Mn, to register highest ever nine-month PAT

18. 18

    Net cash position stood at ₹ 30.3 Bn, against ₹ 17.1 Bn in the same quarter previous year