Polycab India Q4 results: Profit rises 7% to Rs 786 crore; co declares Rs 47/share dividend

Electrical goods maker Polycab India on Wednesday reported a strong March quarter, with double-digit revenue growth driven by robust performance in its wires and cables business and continued momentum in fast-moving electrical goods. The company posted consolidated revenue of Rs 8,865 crore for the quarter ended March 31, 2026, up 27% YoY from the corresponding period last year.

Profit after tax for the quarter stood at Rs 786 crore, marking a 7% increase compared with the year-ago period. EBITDA rose 13% YoY to Rs 1,161 crore, while the EBITDA margin was 13.1%. The company said growth during the quarter was led by strong execution across its core segments.

The wires and cables (W&C) business, which remains the largest contributor, delivered 30% year-on-year growth during the quarter, supported by strong domestic demand and improved execution. Within the segment, cables outperformed wires, with institutional sales growing faster than channel sales.


The fast-moving electrical goods (FMEG) segment also reported robust performance, with revenue rising 47% year-on-year. Growth was broad-based across product categories, with solar products emerging as a key driver, delivering nearly two-fold growth during the quarter.

In contrast, the engineering, procurement and construction (EPC) business saw a decline, with revenues falling 15% YoY, primarily due to the timing of project execution cycles. The segment reported an EBIT margin of 7.6% during the quarter.

On the margins front, the company said EBITDA margins remained within its guided range of 12%-14%, although they were impacted by an unfavourable mix shift towards higher institutional sales and some operating deleverage. For the full financial year FY26, Polycab reported its highest-ever annual performance.

Revenue rose 29% year-on-year to Rs 28,884 crore, while EBITDA increased 35% to Rs 4,006 crore. Profit after tax grew 32% to Rs 2,708 crore, with margins improving to 9.4%. The board has recommended a dividend of Rs 47 per share for FY26.

Also read: KPIT Technologies Q4 Results: Cons profit falls 33% YoY to Rs 163 crore despite 12% revenue uptick

As of March-end, the company reported a net cash position of Rs 4,190 crore, compared with Rs 2,460 crore a year earlier, indicating a strong balance sheet. Polycab said it continued to gain market share during the year, aided by execution under its "Project Spring" strategy and sustained demand across both domestic and international markets.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)