Polycab India Limited’s shares were trading at ₹6,318.50, up by ₹154.15 or 2.50 per cent on the NSE at noon today.
The company reported a strong financial performance for the third quarter and nine months ending December 31, 2024, surpassing its revenue goals. Polycab India Limited achieved a consolidated revenue of ₹21,000 crore for the calendar year 2024, exceeding its five-year guidance target ahead of schedule.
In the third quarter, the company saw a 20 per cent year-on-year revenue growth to ₹5,226.1 crore, with all business segments performing well. The Wires and Cables segment grew by 12 per cent year-on-year, while the Fast-Moving Electrical Goods (FMEG) business expanded by 45 per cent year-on-year. The international business segment stood out with a 62 per cent year-on-year growth, contributing 8.3 per cent to the overall revenue.
For the nine-month period, Polycab reported a 24 per cent year-on-year revenue increase to ₹15,423 crore. The company’s EBITDA grew by 12 per cent to ₹1,934.9 crore, with a profit after tax of ₹1311.2 crore, a 5 per cent increase compared to the same period last year.
Chairman and Managing Director Inder T. Jaisinghani announced “Project Spring,” a new initiative aimed at unlocking growth potential for fiscal year 2030, setting the company up for sustained long-term value creation.
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