Polycab shares jump nearly 3% after 50% YoY surge in Q1 profit

Polycab India shares surged 2.6% to an intraday high of Rs 7,066.15 on the BSE on Friday, July 18, after the company reported a 50% year-over-year (YoY) growth in its Q1 FY26 consolidated net profit. The company posted a net profit of Rs 592 crore for the June quarter, compared to Rs 396 crore in the corresponding period last year.

This earnings performance is attributable to the equity shareholders of the company.

Revenue from operations also registered healthy growth, rising 26% YoY to Rs 5,906 crore, up from Rs 4,698 crore in the year-ago quarter.


However, on a sequential basis, profit after tax (PAT) declined 19% from Rs 727 crore in Q4FY25, while revenue dipped 15% from Rs 6,986 crore reported in the March quarter.

Operationally, the wire maker reported an improvement in profitability, with PAT margins expanding by 170 basis points YoY to 10.2% in Q1FY26. The company’s EBITDA margin also improved by 210 basis points YoY to 14.5%, supported by strategic pricing, operational efficiency, and a favourable business mix.

Polycab attributed its growth to robust performance in its key Wires & Cables (W&C) segment, along with strong momentum in its Fast-Moving Electrical Goods (FMEG) business.

The W&C segment recorded 31% YoY growth, driven by steady demand across core sectors, higher government spending, improved project execution, and rising commodity prices.

The domestic business grew 32% YoY, with cables once again outpacing wires in terms of growth.

The company’s international business also showed positive traction, posting 24% YoY growth and contributing 5.2% to total revenue.

On Thursday, Polycab shares closed nearly 1% lower at Rs 6,884.70 on BSE.

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