The shares of Polycab India Restricted have been buying and selling at ₹6,318.50 up by ₹154.15 or 2.50 per cent on the NSE as we speak at midday.
Polycab India Restricted has reported strong monetary efficiency for the third quarter and 9 months ended December 31, 2024, surpassing its strategic income objectives. The corporate achieved a consolidated income of ₹21,000 crore for the calendar yr 2024, efficiently beating its five-year steering goal forward of time.
Within the third quarter, the corporate’s income grew 20 per cent year-on-year to ₹5,226.1 crore, with all enterprise segments exhibiting sturdy efficiency. The Wires and Cables phase recorded a 12 per cent year-on-year progress, whereas the Quick-Transferring Electrical Items (FMEG) enterprise noticed a outstanding 45 per cent year-on-year growth. The corporate’s worldwide enterprise significantly stood out, delivering a 62 per cent year-on-year progress and contributing 8.3 per cent to the general income.
For the nine-month interval, Polycab reported a 24 per cent year-on-year income improve to ₹15,423 crore. The corporate’s Earnings Earlier than Curiosity, Tax, Depreciation, and Amortization (EBITDA) grew 12 per cent to ₹1,934.9 crore, with a revenue after tax of ₹1311.2 crore, a 5 per cent improve in comparison with the identical interval final yr.
Chairman and Managing Director Inder T. Jaisinghani introduced “Challenge Spring,” a brand new strategic initiative to unlock progress potential for fiscal yr 2030, positioning the corporate for sustained long-term worth creation.
