| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 8.9K | 16.1% | 26.9% |
| Total Income | 8.9K | 16.1% | 26.9% |
| Expenditure | 7.9K | 15.1% | 29.7% |
| PBT | 1.0K | 24.6% | 9.2% |
| Net Profit | 785.60 | 24.7% | 7.0% |
| OPM | 13.10% | 0.45pp | 1.58pp |
| NPM | 8.80% | 0.60pp | 1.64pp |
| EPS | 52.18 | 26.3% | 8.0% |
Polycab FY26: Revenue Surpasses ₹285 Bn, Up 29% YoY
06 May 2026 · 6 May, 2:50 pm
Summary
Polycab India Limited announced strong financial results for both the fourth quarter and the full year ended March 31, 2026. For FY26, consolidated revenue exceeded ₹ 288.83 billion, marking a 29% year-on-year increase, while Profit After Tax (PAT) grew by 32% to ₹ 27.08 billion. In Q4 FY26, the company reported consolidated revenue growth of 27% year-on-year, reaching ₹ 88.65 billion, and achieved its highest-ever quarterly PAT of ₹ 7.86 billion, a 7% increase. These impressive results were attributed to robust execution and sustained demand across both the Wires & Cables and FMEG segments, bolstered by strategic initiatives like Project Spring. Management expressed confidence in leveraging their enhanced market presence and continued investments to drive consistent, industry-leading growth in the future.
Key Highlights
- 1
Polycab India Limited's FY26 consolidated revenue surpassed ₹ 288.83 billion, demonstrating a robust 29% year-on-year growth.
- 2
Full-year FY26 Profit After Tax (PAT) increased significantly by 32% year-on-year to ₹ 27.08 billion.
- 3
Consolidated revenue for Q4 FY26 achieved a strong 27% year-on-year growth, reaching ₹ 88.65 billion.
- 4
Q4 FY26 Profit After Tax (PAT) registered a 7% year-on-year growth to ₹ 7.86 billion, marking the company's highest-ever quarterly PAT.
- 5
The Wires & Cables (W&C) segment delivered an impressive 30% year-on-year growth for the quarter, largely driven by strong domestic performance and a 3-4% market share gain.
- 6
The Fast-Moving Electrical Goods (FMEG) business recorded substantial growth of 47% year-on-year in Q4 FY26, with solar products emerging as a standout performer, nearly doubling their growth.
- 7
Q4 FY26 EBITDA grew by 13% year-on-year, with consolidated EBITDA margins standing at 13.1%.
Management Comments
Mr. Inder T. Jaisinghani
FY26 has been a defining year for our company, marked by our strong execution and ability to capture domestic market share, which increased by approximately 3-4% during the year. This growth reflects the success of Project Spring, which has structurally strengthened our competitive position and enabled us to outperform the broader industry. We closed the year on a high note with a robust Q4 FY26 performance, delivering 27% YoY growth in consolidated revenue, driven by sustained demand across our Wires & Cables and FMEG segments. Despite a challenging external environment, we achieved our highest-ever quarterly PAT of approximately ₹7.9 billion, underscoring the resilience and strength of our operating model. Overall, FY26 stands out as a landmark year, with record revenues, EBITDA, and profitability, reinforcing our leadership in the Indian electrical industry. Backed by a strong balance sheet and continued investments in capacity expansion, innovation, and distribution, we remain confident in leveraging our enhanced market presence to drive consistent, industry-leading growth in the years ahead.
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