Polycab Q4 Earnings Surge: 33.09% Profit Boost and 24.93% Revenue Growth Driven by Robust Performance Across All Business Verticals – Discover the Insights!

Polycab India Ltd has marked a significant milestone in its fiscal fourth quarter, showcasing impressive financial results that have exceeded market expectations. The company reported a remarkable profit of ₹726.67 crore, reflecting a 33.09% increase compared to ₹546 crore in the same quarter of FY24. Additionally, revenue from operations soared to ₹6,985.80 crore, marking a 24.93% rise from ₹5,591.90 crore recorded in the previous year’s fourth quarter, highlighting robust growth across various business segments.

Stellar Financial Performance

Polycab India not only achieved its highest quarterly revenue but also showcased a strong EBITDA of ₹1,025 crore. The EBITDA margins improved by approximately 110 basis points year-on-year, reaching 14.7%, a result driven by a successful turnaround in the Fast-Moving Electrical Goods (FMEG) segment and enhanced margins in the Engineering, Procurement, and Construction (EPC) division.

Quarterly Highlights:
- Profit: ₹726.67 crore
- Revenue: ₹6,985.80 crore
- EBITDA: ₹1,025 crore
- EBITDA Margin: 14.7%

Yearly Growth Exceeds Expectations

For the full financial year, Polycab India reported a 24% increase in revenue, surpassing ₹22,000 crore, thus exceeding its Project Leap FY26 target of ₹20,000 crore a year earlier than anticipated. The profit after tax (PAT) for FY25 rose by 13%, surpassing ₹2,000 crore, while EBITDA grew by 19% to ₹2,960.20 crore, up from ₹2,491.80 crore in FY24. Furthermore, the net cash position improved significantly to ₹2,460 crore from ₹2,140 crore the previous year.

Dividend Announcement

In a recent board meeting, Polycab India proposed a dividend of ₹35 per share, which equates to a 350% payout based on the company’s face value for FY25. This brings the total dividend payout ratio to 26.3%, up from 25.5% the previous year, aligning with the Project Spring initiative aimed at increasing dividend payouts to over 30% by FY30. Shareholders will receive the dividend within 30 days following the upcoming Annual General Meeting, with details regarding the record date to be communicated shortly.

Breakdown of Business Segments

The Wires and Cables (W&C) division experienced a 22% year-on-year growth for the quarter, fueled by increased government investments and solid performance in the real estate sector. Notably, the domestic business surged by 27%, with cable sales outpacing wire sales. However, the international segment faced a temporary setback due to the deferral of a significant order to the next quarter.

The FMEG sector thrived with a 33% YoY growth, particularly in the fans category, which performed well despite a slower start to summer. The lights and luminaires segment continued to witness strong demand, achieving notable volume and value growth despite price adjustments. Other areas such as switchgears and conduit pipes also reported positive growth, with the FMEG sector achieving profitability for the first time in Q4FY25.

The EPC segment recorded an impressive 47% YoY growth, reaching ₹602.80 crore, thanks to effective execution of the RDSS order book.

Leadership Insights

Inder T. Jaisinghani, Chairman and Managing Director of Polycab India, emphasized, “As we close FY25, we have set a new benchmark, achieving record revenues both in the fourth quarter and for the full year. Our success is a testament to the strong and diverse growth across our business segments.”

With its impressive performance, Polycab India has solidified its position as a leader in the Indian electrical industry, marking its third consecutive year as the most profitable company in the sector.

For further insights, you can explore more about Polycab India’s strategic initiatives and growth plans for the upcoming fiscal year.