Polycab India Limited announced a significant surge in its financial performance for the second quarter of the fiscal year 2027 (Q2 FY27), with net profit climbing 43% year-over-year to ₹990 crore. This compares to a net profit of ₹692.95 crore in the same period last year.
The leading manufacturer of wires and cables, also prominent in the Fast-Moving Electrical Goods (FMEG) segment, recorded its highest-ever second-quarter and half-year revenue and profitability. Total revenue for Q2 FY27 rose impressively by 53% to ₹9,898.9 crore, up from ₹6,477.2 crore in the previous year's corresponding quarter.
Operating Performance Highlights
Operating EBITDA for the quarter saw a 39% year-over-year increase, reaching ₹1,422.5 crore. The company's Profit After Tax (PAT) margins also improved notably, gaining 260 basis points year-over-year and 50 basis points quarter-over-quarter, to stand at 10.7%.
Half-Yearly Achievements
- H1 FY27 Revenue: Rose 46% year-over-year to ₹18,108.6 crore.
- H1 FY27 EBITDA: Climbed 36% year-over-year to ₹2,558.7 crore.
- H1 FY27 Profit After Tax: Increased 38% year-over-year to ₹1,786.7 crore.
Inder T. Jaisinghani, Chairman and Managing Director of Polycab India Limited, commented on the results: "Q2 FY27 marked another quarter of strong execution and meaningful progress for Polycab. We delivered our highest-ever second quarter and half-yearly revenue and profitability, reflecting the strength of our market position, the robust performance of our Wires & Cables business, and the continued strengthening of our FMEG business."
Jaisinghani added, "The domestic demand environment continues to be encouraging, supported by healthy infrastructure spending, increasing electrification opportunities, and improving private sector investment activity. Our international business maintained its growth momentum, despite an uncertain geopolitical environment. As we advance our Project Spring initiatives, we remain committed to accelerating growth, driving premiumization, deepening market penetration, and consistently delivering superior value to customers, partners, and shareholders."
Polycab India Limited maintains its position as the country's largest manufacturer of wires and cables. Its extensive operations span across India, supported by 23 manufacturing facilities, over 15 offices, and more than 25 warehouses.