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Quarterly Results

POLYCAB · Polycab India Limited · NSE · Filed 16 Jul · 2 min read

Polycab's Q1 FY27 revenue and profit rise, driven by wires and cables

Consolidated revenue and net profit both topped the year-earlier quarter, with wires and cables carrying most of the load.

What was filed

Polycab India's board met on 16 July 2026 and approved the unaudited standalone and consolidated results for the quarter ended 30 June 2026. Statutory auditors B S R & Co. LLP issued limited review reports with an unmodified conclusion. The consolidated results cover the parent, eight subsidiaries and one joint venture, Techno Electromech Private Limited, whose share of net profit/loss was recorded as nil for the quarter.

How the quarter compared

On a consolidated basis, both revenue and net profit came in above the year-earlier quarter ended 30 June 2025, as the key figures show. Sequentially, revenue was lower than the March 2026 quarter, while net profit was broadly similar. Within the segment breakup, wires and cables remained the dominant contributor to both revenue and segment results, with FMEG and EPC materially smaller.

Dividend, ESOP allotment and an EPR flag

The company paid a final dividend of ₹47 per equity share on 30 June 2026, following approval at the AGM held that day. During the quarter, 84,545 equity shares were allotted under the Employee Stock Option Scheme 2018, lifting paid-up equity capital. Separately, Polycab flagged Extended Producer Responsibility obligations under the Hazardous and Other Wastes Amendment Rules, 2025, effective 1 April 2026, covering the recycling of non-ferrous metal scrap. It said it cannot yet reliably estimate the impact because the CPCB registration portal and the framework for issuing, trading and pricing EPR certificates have not been notified.

An amalgamation reflected in the standalone numbers

The standalone results reflect the amalgamation of Uniglobus Electricals and Electronics Private Limited, a wholly owned subsidiary, approved by the NCLT Ahmedabad Bench on 27 February 2026 with an appointed date of 1 April 2025. The June 2025 standalone comparatives have been restated; per the filing, the restatement changed reported total income and profit before tax by less than half a percent.

Consolidated revenue from operations (Q1 FY26)
₹59,059.76 million → ₹82,097.32 millionQ1 FY26 → Q1 FY27+39%
Consolidated profit for the period (Q1 FY26)
₹5,996.96 million → ₹7,966.54 millionQ1 FY26 → Q1 FY27+33%
Consolidated profit before tax (Q1 FY26)
₹8,005.87 million → ₹10,582.23 millionQ1 FY26 → Q1 FY27+32%
Consolidated basic EPS (Q1 FY26)
₹39.36 → ₹52.09Q1 FY26 → Q1 FY27+32%
Net margin
10.2% → 9.7%Q1 FY26 → Q1 FY27held ~10%
Wires and Cables segment revenue (Q1 FY27, consolidated)
₹72,017.85 million
Final dividend paid
₹47 per equity share
Final dividend amount paid
₹7,079.85 million

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the results and segment split show where earnings are being generated and how the period compares with a year earlier; the EPR disclosure is a flagged regulatory obligation whose financial impact the company says it cannot yet quantify.

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