Polycab India Q2 Net Profit Jumps 43% To ₹990 Crore, Revenue Up 53%

Mumbai-based Polycab India Ltd announced a significant surge in its net profit for the second quarter of fiscal year 2027, reporting a 43% year-over-year (YoY) increase to ₹990 crore, as disclosed on Thursday. The company's consolidated revenues also saw a strong rise of 53% YoY, reaching ₹9,898.9 crore for the same period.

For the first half of fiscal year 2027, Polycab India's revenue totaled ₹18,108.6 crore, marking a 46% YoY growth from ₹12,383.2 crore in the previous half-year. Profit after tax (PAT) for the first half of fiscal year 2027 increased by 38% to ₹1,786.7 crore, up from ₹1,292.7 crore in the corresponding period last year.

Polycab India's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the second quarter of fiscal year 2027 grew by 39% YoY to ₹1,422.5 crore, with consolidated EBITDA margins improving to 14.4%. For the first half of fiscal year 2027, EBITDA expanded by 36% YoY to ₹2,558.7 crore, with EBITDA margins at 14.1%.

The Wires & Cables (W&C) business segment exhibited robust performance, with revenue growing by 47% YoY in the second quarter of fiscal year 2027, driven by a remarkable 50% increase in domestic revenues. W&C business revenues for the first half of fiscal year 2027 surged 44% YoY to ₹15,455.7 crore, up from ₹10,764.1 crore in the previous half-year.

The Fast-Moving Electrical Goods (FMEG) segment reported impressive growth, with revenues increasing by 124% YoY in the second quarter of fiscal year 2027. FMEG business revenues reached ₹1,754.3 crore in the first half of fiscal year 2027, up 97% YoY from ₹889.7 crore in the corresponding period last year. The Engineering, Procurement, and Construction (EPC) business also showed healthy growth, recording a 53% YoY revenue increase in the second quarter of fiscal year 2027, with EBIT margins at 7.2%, and a 23% YoY growth in the first half of fiscal year 2027, with EBIT margins at 8.5%.

As of September 30, 2026, Polycab India's net cash position stood at ₹4,520 crore, compared to ₹2,940 crore in the same period last year. Inder T. Jaisinghani, Chairman and Managing Director of Polycab India, expressed satisfaction with the company's strong execution and progress, highlighting the exceptional second-quarter and half-yearly performance in terms of revenue and profitability.