Polycab India Limited, one of the country’s largest manufacturers of wires and cables, has delivered a standout performance in the fourth quarter of fiscal year 2024–25 (Q4 FY25). The company reported significant growth in net profit and revenue, driven by rising infrastructure spending, industrial recovery, and strong consumer demand.
Q4 FY25 Financial Highlights
Net Profit: Polycab posted a net profit of Rs 727 crore, up 33% year-on-year from Rs 546 crore reported in Q4 FY24.
Revenue from Operations: The company's revenue rose 15% YoY to Rs 4,396 crore, compared to Rs 3,823 crore in the corresponding quarter of the previous fiscal.
EBITDA: Earnings before interest, taxes, depreciation, and amortization stood at Rs 751 crore, with an EBITDA margin of 17.1%.
EPS: The earnings per share (EPS) for Q4 came in at Rs 48.3, reflecting improved bottom-line performance.
Dividend Declaration
Polycab India’s board has recommended a final dividend of Rs 35 per share for FY25. This move underscores the company’s strong balance sheet and commitment to rewarding shareholders. The record date for the dividend is expected to be announced shortly in its upcoming AGM notice.
Segment-Wise Performance
Wires and Cables: This segment, the company’s largest contributor, saw a 14% YoY revenue growth, reflecting strong demand from real estate, railways, power, and industrial automation projects.
FMEG (Fast-Moving Electrical Goods): This segment includes fans, lighting, and appliances, and it grew by 19%, albeit from a lower base. New product launches and expansion into Tier-2 and Tier-3 cities aided growth.
Exports: Polycab’s international business grew 28% YoY, especially in the Middle East and Africa, where demand for high-quality cables remains strong.
Key Growth Drivers
Polycab attributed its strong Q4 numbers to:
Sustained infrastructure investment by the government in housing, roads, and electrification.
Private sector capex revival leading to new installations and project completions.
Increased consumer spending in the FMEG segment.
Operating leverage and better control over raw material costs such as copper and aluminum.
Strategic Outlook
Polycab’s management, led by Chairman and MD Inder T. Jaisinghani, stated in the earnings call that the company is working on doubling its exports by FY27. Additionally, it is investing in automation and digital tools across manufacturing plants to improve productivity and efficiency.
The company also continues to expand its retail distribution network, adding more than 2,500 channel partners in FY25. Its goal is to strengthen its “Har Ghar Polycab” campaign and increase brand penetration in the consumer electricals segment.
Conclusion
Polycab India’s Q4 FY25 results reflect a strong growth trajectory built on infrastructure demand, product diversification, and operational excellence. With a 33% rise in profit and an attractive dividend of Rs 35 per share, the company has reinforced its leadership in the wires, cables, and FMEG segments. Its strategic initiatives point toward continued momentum as India’s electrification and industrial growth accelerate.
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