Polycab India's fourth-quarter profit beats estimates on strong wires and cables demand

Polycab India

06/05/2026 10:33

May 6 (Reuters) - Polycab India POLC.NS reported a stronger-than-expected fourth-quarter profit on Wednesday, as strong infrastructure and housing activity helped keep steady demand in its core wires and cables segment.

The wires and cables manufacturer's consolidated net profit rose 6.3% to 7.73 billion rupees ($81.52 million) in the three-month period ended March 31. Analysts, on average, had expected a profit of 6.99 billion rupees, according to data compiled by LSEG.

Revenue from operations rose about 27% to 88.64 billion rupees, beating analysts' estimates of 83.64 billion rupees.

Revenue from its largest segment, wires and cables, grew about 29% to 77.62 billion rupees, while revenue from the fast‑moving electrical goods (FMEG) segment rose 39.3% to 6.63 billion rupees.

Analysts expect continued strength in the 'Cable & Wire' space, supported by higher government and private capital expenditure and improving real estate activity, driving steady demand growth.

Total expenses rose nearly 30% to 78.76 billion rupees in the quarter.

Analysts note that raw material costs such as copper, aluminium, and PVC remained volatile amid currency movements, higher freight costs, and Middle East tensions, but were largely offset by pricing actions, strong procurement, and efficient execution.

The company extended the tenure of its CFO, Niyant Maru, from July 2026 to April 2027.

($1 = 94.8187 Indian rupees)

(Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich)

((Devika.MadhusudhananNair@thomsonreuters.com;))