Polycab India Q2 FY27 Revenue Surges 53% YoY to ₹98,989 Mn; PAT up 43%
Polycab India reported record Q2 FY27 results with revenue up 53% YoY to ₹9,898.9 crore and PAT up 43% YoY to ₹990.0 crore. H1 FY27 revenue reached ₹18,108.6 crore, up 46% YoY. The company highlighted strong growth in Wires & Cables and FMEG segments. Net cash position was ₹4,520 crore.
The announcement details record-breaking financial performance, indicating substantial growth and strong operational execution, which is likely to have a significant positive impact on investor sentiment and the company's market standing.
The company reported record revenues and profits, with significant year-on-year growth across key financial metrics, driven by strong performance in its core business segments.
Polycab India Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026, showcasing record-breaking revenue and profitability. The company reported its highest-ever second quarter and half-yearly revenue, EBITDA, and profitability.
For the second quarter of FY27, consolidated revenues grew by a robust 53% year-on-year to ₹98,989 million (₹9,898.9 crore). This growth was propelled by strong performance in both the Wires & Cables (W&C) business, which saw a 47% year-on-year increase driven by a 50% rise in domestic revenues, and the Fast-Moving Electrical Goods (FMEG) segment, which more than doubled its revenue year-on-year (+124%). The EPC business also demonstrated strong momentum with a 53% year-on-year revenue growth. EBITDA for the quarter increased by 39% year-on-year to ₹14,225 million (₹1,422.5 crore), with consolidated EBITDA margins improving sequentially to 14.4%. Profit After Tax (PAT) registered a strong growth of 43% year-on-year to ₹9,900 million (₹990.0 crore), with PAT margins at 10.0%.
In the first half of FY27, Polycab achieved a significant milestone with revenues surpassing ₹180 billion for the first time, growing 46% year-on-year to ₹1,81,086 million (₹18,108.6 crore). The W&C business revenues grew 44% year-on-year to ₹1,54,557 million (₹15,455.7 crore), while the FMEG business grew 97% year-on-year to ₹17,543 million (₹1,754.3 crore). EBITDA for H1 FY27 grew 36% year-on-year to ₹25,587 million (₹2,558.7 crore), and PAT increased by 38% year-on-year to ₹17,867 million (₹1,786.7 crore), marking the company's highest-ever half-yearly PAT.
Mr. Inder T. Jaisinghani, Chairman and Managing Director, commented that the strong performance reflects the company's market position, the robust Wires & Cables business, and the strengthening FMEG business. He noted encouraging domestic demand driven by infrastructure spending and electrification, and sustained growth in the international business. The company remains committed to accelerating growth through its Project Spring initiatives.
As of September 30, 2026, the company maintained a net cash position of ₹45.2 billion (₹4,520 crore), an increase from ₹29.4 billion (₹2,940 crore) in the same period last year.
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