Polycab India on Thursday reported a 3.5 percent rise in its consolidated net profit year-on-year at Rs 445 crore in September 2024 quarter. It had reported a net profit of Rs 429.77 crore during the same period a year ago. It had reported Rs 401.62 crore during the April-June period of the current fiscal, the company said in an exchange filing.
Wires and cables maker Polycab India reported a rise in total income to Rs 5,574.6 crore in the reporting period from Rs 4,253 crore a year ago period. In the June quarter of the current fiscal, the income of the company was reported at Rs 4756.4 crore.
During the quarter under review, the company's expenses increased to Rs 4,984 crore from Rs 3695.9 crore in the same period a year ago.
Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: "we expect the demand momentum to continue, supported by increased government spendings, continued investment by private players and robust real estate offtake. With a strong focus on operational excellence, we stand well positioned to capitalise on the emerging opportunities and drive steady growth."
The company’s revenues grew by 30 percent YoY to register its highest ever second quarterly revenue, on the back of robust growth across business segments.
The fast moving electric goods (FMEG) segment registered a growth of 18% YoY, fueled by initiatives such as channel expansion, product architecture improvements, and robust execution of the influencer management program, the company said.
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