Polycab India Q4 FY26 Earnings Call Transcript Released
Polycab India reported strong Q4 FY26 results with consolidated revenue up 27% YoY and PAT at ₹7.9 billion. For FY26, revenue crossed ₹285 billion (up 29% YoY) and PAT grew 32% YoY to over ₹27 billion. The company proposed a dividend of ₹47 per share. Full year capex was ₹14.8 billion.
The announcement details robust financial performance, including record revenues and profits, significant year-on-year growth across key segments (Wires & Cables, FMEG), and strategic capital expenditure. This strong financial health and growth trajectory are likely to have a significant positive impact on investor confidence and the company's market valuation.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and the full year, along with record financial achievements and continued market share gains. The proposed dividend also reflects a positive capital allocation strategy.
Polycab India Limited has released the transcript of its Earnings Conference Call held on May 06, 2026. The call, which discussed the Q4 FY26 results approved in a Board meeting held the same day, featured insights from CFO Niyant Maru and Head of Strategy and Investor Relations, Shashank Yagnick.
During the call, management highlighted a strong performance for Q4 FY26, with consolidated revenue growing 27% year-on-year. EBITDA increased by 13% year-on-year, reaching 13.1% margins. The company reported its highest-ever quarterly Profit After Tax (PAT) of ₹7.9 billion (approximately $95 million), a 7% year-on-year increase, with PAT margins at 8.9%. The company maintained a strong balance sheet with a net cash position of ₹41.9 billion (approximately $503 million).
For the full financial year FY26, Polycab India achieved record revenues crossing ₹285 billion (approximately $3.4 billion), a 29% year-on-year growth. EBITDA grew 35% year-on-year with margins expanding to 13.9%, and PAT rose 32% year-on-year to over ₹27 billion (approximately $325 million), with PAT margins at 9.4%. The company retained its position as the largest in the Indian electrical industry by revenue for the second consecutive year.
The Wires and Cables business saw a 30% year-on-year growth in the quarter, supported by resilient execution. The FMEG segment delivered an exceptional performance with 47% year-on-year growth, marking the ninth consecutive quarter of outperformance. The solar products business was a standout performer, achieving twofold year-on-year growth.
Capital expenditure for the quarter was ₹3.9 billion (approximately $47 million), bringing the full year capex to approximately ₹14.8 billion (approximately $178 million), in line with Project Spring guidance. The company proposed a dividend of ₹47 per share, representing a payout ratio of 27.2%, moving towards its goal of a 30% payout ratio by FY2030. Management expressed confidence in sustaining industry-leading growth and achieving long-term strategic and financial goals under Project Spring.
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Polycab India Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Polycab India Limited. Read the original for the full detail.