StockWatch
·

Polycab India Ltd

BSE: 542652

P/L Snapshot

Q1 FY2027 · standalone

vs Q4 FY2026
Revenue
8.1K
-5.9%
Expenditure
7.1K
-6.8%
Net Profit
766.27
+2.1%
OPM %
13.59%
+0.65pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.002.4K4.8K7.3K9.7KQ2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026Q1 FY2027

Shareholding Trend

PromoterPublic
29%50%71%Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026

Price Chart

Latest News

Board Meeting16 Jul, 1:55 pm

Polycab Q1: consolidated PAT ₹797 Cr +33% YoY on 39% revenue jump, margins ease

Polycab opened FY27 with consolidated revenue from operations of ₹8,210 Cr, up 39% YoY off a ₹5,906 Cr base, and profit for the period of ₹797 Cr (₹784 Cr attributable to the parent), up 33% YoY. Sequentially, revenue slipped 7% and profit was near-flat (+1%) against a seasonally stronger Q4 — the year-on-year step-up, not the QoQ softness, is the signal here. There were no exceptional items on either side, so reported and underlying growth are identical. Basic EPS was ₹52.09. The soft spot is margins. Cost of materials consumed rose 56% YoY — faster than the 39% revenue growth — dragging the EBITDA margin to ~13.8% (from 14.5% a year ago) and net margin to 9.7% (from 10.0%). The squeeze sits in the core Wires & Cables segment, where margin eased to 13.3% from 14.7% as copper/aluminium input costs outran pricing, even as W&C revenue still grew 38% to ₹7,202 Cr. The standout is FMEG: revenue up 68% to ₹761 Cr with segment margin expanding to 8.0% from just 2.1% a year earlier — already inside the 8-10% band management had guided to reach only by FY2030. EPC was the laggard, down 11% YoY to ₹308 Cr. The quarter ran well ahead of the FY27 street pace (~21% revenue / ~18% profit growth on consensus trackers); no company-specific quarterly consensus was published pre-print, so this reads as a beat on run-rate rather than against a hard number. Measured against management's own 'Project Spring' framing from the May concall — W&C growing 1.5x the market, FMEG margins toward 8-10%, exports above 10% of revenue by FY30 — the print tracks ahead: FMEG margin has essentially hit the long-term band early, and the concurrent USA investor/analyst meet underscores the export push. Management issued no formal quarterly guidance figure. Board actions alongside results were routine: a ₹47/share final dividend (₹708 Cr) was paid on 30 June, and 84,545 ESOP shares were allotted, lifting capital marginally. The standalone entity earned ₹766 Cr PAT on ₹8,034 Cr revenue, with the same ~33% PAT growth as consolidated — no divergence to flag. Into Q2 the question is whether the metal-cost-driven compression in cables reverses and whether FMEG's newly-earned ~8% margin holds.

16 Jul 2026, 01:55 pm

Corporate Events

Board MeetingPOLYCAB
2026
20Jul

Board Meeting

Disclosure under Regulation 30 of the SEBI (Listing Obligati…

BSE Filing
Board MeetingPOLYCAB
2026
16Jul

Board Meeting

The meeting of the Board of Directors is scheduled to be hel…

BSE Filing
Board MeetingPOLYCAB
2026
23Jun

Board Meeting

The company will participate in an investor(s) conference/me…

BSE Filing
Board MeetingPOLYCAB
2026
27May

Board Meeting

Intimation of Institutional Investor(s) / Analyst(s) Meet. …

BSE Filing
Board MeetingPOLYCAB
2026
16Jan

Board Meeting

consider, approve and take on record the un-audited standalo…

BSE Filing
Board MeetingPOLYCAB
2025
17Jul

Board Meeting

Consider and approve unaudited standalone and consolidated f…

BSE Filing
Board MeetingPOLYCAB
2025
6May

Board Meeting

consider, approve and take on record the Audited Standalone …

BSE Filing
Board MeetingPOLYCAB
2025
22Jan

Board Meeting

consider, approve and take on record the un-audited standalo…

BSE Filing
Board MeetingPOLYCAB
2024
17Oct

Board Meeting

Consider, approve and take on record the un-audited standalo…

BSE Filing
Board MeetingPOLYCAB
2024
18Jul

Board Meeting

Consider, approve and take on record the un-audited standalo…

BSE Filing
Board MeetingPOLYCAB
2024
10May

Board Meeting

Consider and approve Audited Standalone and Consolidated Fin…

BSE Filing
Board MeetingPOLYCAB
2024
18Jan

Board Meeting

Consider and approve un-audited standalone and consolidated …

BSE Filing
Board MeetingPOLYCAB
2023
18Oct

Board Meeting

Consider, approve and take on record the un-audited standalo…

BSE Filing