The wires & cables division of Polycab grew by 24 percent on a year-over-year basis to INR 2967.90 crore in the Q3 of FY22 from INR 2402.3 crore in Q3 of FY21.

February 11, 2022

The net profit of Polycab India Ltd. rose 1.36 percent to INR 248.37 crore in Q3 FY22 that ended 31 December 2021 as against INR 245.02 crore in Q3 of the previous year. The revenue from operations saw an increase of 22.78 percent to INR 3,371.99 crore compared with INR 2,746.34 crore for the corresponding quarter of FY 21.

The EBITDA was INR 362 crore in Q3 FY22, up by 3 percent year-over-year. Also, the PAT margin has also improved to 7.4 percent against the previous quarter marking a growth of 1 percent year-over-year.

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The wires & cables division of the company grew 24 percent on a year-over-year basis to INR 2967.90 crore in the Q3 of FY22 from INR 2402.28 crore in Q3 FY21. The FMEG vertical of Polycab India saw a growth of 11 percent year-over-year to INR 340.36 crore in Q3 as compared to INR 305.51 crore in the previous year.

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Speaking on the performance, Inder T. Jaisinghani, Chairman & Managing Director, Polycab India Ltd., said, “We saw the momentum continue in 3Q despite a challenging business environment. We recorded the highest quarterly topline in the history of the company for the second consecutive quarter which substantiates our strategy to be agile, focus on robust execution, and consistently deliver the best quality of products to our customers.”