Polycab India shares surge 2.5% as revenue exceeds five-year target

The shares of Polycab India Limited were trading at ₹6,318.50 up by ₹154.15 or 2.50 per cent on the NSE today at noon.

Polycab India Limited has reported robust financial performance for the third quarter and nine months ended December 31, 2024, surpassing its strategic revenue goals. The company achieved a consolidated revenue of ₹21,000 crore for the calendar year 2024, successfully beating its five-year guidance target ahead of time.

In the third quarter, the company’s revenue grew 20 per cent year-on-year to ₹5,226.1 crore, with all business segments showing strong performance. The Wires and Cables segment recorded a 12 per cent year-on-year growth, while the Fast-Moving Electrical Goods (FMEG) business saw a remarkable 45 per cent year-on-year expansion. The company’s international business particularly stood out, delivering a 62 per cent year-on-year growth and contributing 8.3 per cent to the overall revenue.

For the nine-month period, Polycab reported a 24 per cent year-on-year revenue increase to ₹15,423 crore. The company’s Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) grew 12 per cent to ₹1,934.9 crore, with a profit after tax of ₹1311.2 crore, a 5 per cent increase compared to the same period last year.

Chairman and Managing Director Inder T. Jaisinghani announced “Project Spring,” a new strategic initiative to unlock growth potential for fiscal year 2030, positioning the company for sustained long-term value creation.