ALFA Finder| Revenue growth | 39% YoY growth in consolidated revenue for Q1FY27. |
|---|---|
| Margins | EBITDA margin at 13.8%; PAT margin at 9.7%. |
| Order book | Healthy order books maintained in international business and EPC. |
| Demand visibility | Resilient domestic demand and healthy order books support execution. |
| Management confidence | Strong momentum cited across W&C and FMEG segments. |
Growth
Revenue grew 39% YoY; EBITDA increased 32% YoY; PAT rose 33% YoY to ₹7,967 Mn.
Outlook
Project Spring target: 8-10% EBITDA margins in FMEG by FY30. Sustainable high single-digit margins expected in EPC.
Risks
International business recorded 13% YoY degrowth; EPC revenue declined 11% due to project cycles.
Last quarter's promises, checked
Delivered
- Guided 1.5x of market growth in W&C → delivered 30% revenue growth (= BEAT)
- Guided FY26 capex ₹12-16 Bn → delivered ₹14.8 Bn (= BEAT)
- Guided FMEG profitability in Q4FY25 → delivered 4.1% EBIT margin (= BEAT)
Partly delivered
- Guided 30% dividend payout by FY30 → delivered 27.2% (= PARTIAL)
Missed
- Guided >10% export contribution → delivered 5.4% for FY26 (= MISS)
- Guided EPC growth → delivered 15% revenue decline (= MISS)
Earnings Call filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.
Polycab India Ltd: key numbers
- Share price
- ₹7,948.00
- Market cap
- ₹1,19,784 Cr
- Revenue (annual)
- ₹28,884 Cr
- Net profit (annual)
- ₹2,672 Cr
- P/E (TTM)
- 38.0×Sector 44.3×
- Promoter holding
- 61.44%-0.02% QoQ
- FII holding
- 18.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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