Polycab India Q2 FY27 Revenue Jumps 53% YoY to ₹9,898.9 Crore
Polycab India reported Q2 FY27 consolidated revenue of ₹9,898.9 crore, a 53% YoY increase. EBITDA grew 39% YoY to ₹1,422.5 crore, and PAT rose 43% YoY to ₹990 crore. The W&C business grew 47% YoY, while FMEG revenue doubled YoY, reaching ₹993.1 crore with a record 10.1% EBIT margin.
The significant double-digit growth in revenue and profit, coupled with strong performance in key segments like W&C and FMEG, has a substantial positive impact on the company's financial standing and investor outlook.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, driven by robust performance across its key business segments (W&C and FMEG), indicating positive financial health and operational efficiency.
Polycab India Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue of ₹9,898.9 crore (98,989 Mn) for Q2 FY27, marking a significant 53% year-on-year (YoY) growth and a 21% quarter-on-quarter (QoQ) increase.
For the half-year ended September 30, 2026 (H1 FY27), consolidated revenue stood at ₹18,108.6 crore (1,81,086 Mn), up 46% YoY. EBITDA for Q2 FY27 grew by 39% YoY to ₹1,422.5 crore (14,225 Mn), with a healthy margin of 14.4%. Profit After Tax (PAT) surged by 43% YoY to ₹990 crore (9,900 Mn), resulting in a PAT margin of 10.0% for the quarter. H1 FY27 PAT increased by 38% YoY to ₹1,786.7 crore (17,867 Mn).
The Wires & Cables (W&C) business demonstrated strong performance with 47% YoY growth in Q2 FY27, driven by demand from government and private sectors. The international business also grew by 17% YoY, contributing 5.0% to consolidated revenue, with W&C margins improving by approximately 90 basis points QoQ to 14.2%.
The FMEG (Fast Moving Electrical Goods) business achieved record quarterly revenue of ₹993.1 crore (9,931 Mn), more than doubling YoY. Solar products were a key growth driver within FMEG. EBIT margins for the FMEG segment reached a record 10.1% in Q2 FY27.
The EPC segment saw a revenue increase of 53% YoY for the quarter, though EBITDA declined 39% YoY due to a one-off gain in the previous year's quarter. The company maintains a healthy order book for future execution, with expected annual sustainable operating margins in the high single digits over the mid-to-long term.
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