Conference Call with Polycab India Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Wires & Cables company Polycab India announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: For Q4FY26, total income stood at Rs 89,248.95 million, representing a YoY growth of 26.89% compared to Rs 70,338.68 million in Q4FY25 and a QoQ growth of 16.11% from Rs 76,865.84 million in Q3FY26. For the full year FY26, total income reached Rs 2,91,200.44 million, up 28.76% from Rs 2,26,159.49 million in FY25. Revenue from Operations: Revenue for Q4FY26 was Rs 88,644.77 million, a YoY increase of 26.89% from Rs 69,857.98 million and a QoQ increase of 16.09% from Rs 76,361.28 million. Annual revenue for FY26 grew by 28.89% to Rs 2,88,837.92 million compared to Rs 2,24,083.13 million in FY25. Profit Before Tax (PBT): PBT for Q4FY26 was Rs 10,492.88 million, up 9.24% YoY from Rs 9,605.57 million and up 24.59% QoQ from Rs 8,421.99 million in Q3FY26. Annual PBT for FY26 stood at Rs 36,130.75 million, marking a growth of 33.78% over Rs 27,008.45 million in FY25. Net Profit (PAT): PAT for Q4FY26 reached Rs 7,856.04 million, a YoY growth of 6.98% from Rs 7,343.62 million and a QoQ growth of 24.67% from Rs 6,301.68 million. Annual PAT for FY26 was Rs 27,084.27 million, representing a 32.41% increase from Rs 20,455.37 million in FY25. Earnings Per Share (EPS): Basic EPS for Q4FY26 was Rs 52.18, compared to Rs 48.31 in Q4FY25. Annual Basic EPS for FY26 stood at Rs 177.53, up from Rs 134.34 in FY25. Standalone Financial Highlights: Total Income: Q4FY26 total income was Rs 86,431.61 million, growing 24.97% YoY from Rs 69,159.15 million and 14.29% QoQ from Rs 75,623.85 million. Full year FY26 income was Rs 2,84,124.65 million compared to Rs 2,22,589.40 million in FY25. Revenue from Operations: Q4FY26 revenue stood at Rs 85,850.96 million, up 25.11% YoY and 14.18% QoQ. Annual revenue for FY26 was Rs 2,81,851.77 million. Net Profit (PAT): Q4FY26 standalone PAT was Rs 7,504.84 million, a 3.32% YoY growth and 22.14% QoQ growth. Annual PAT for FY26 was Rs 26,009.47 million, up 30.93% YoY. Business Highlights: Segment Performance): Wires and Cables: Revenue reached Rs 2,55,344.18 million in FY26 compared to Rs 1,92,366.33 million in FY25. FMEG (Fast Moving Electrical Goods): Revenue grew to Rs 20,693.28 million in FY26 from Rs 16,821.75 million in FY25. EPC (Engineering, Procurement, and Construction): Revenue was Rs 16,664.96 million in FY26. Dividend: The Board of Directors recommended a final dividend of 470%, which is Rs 47 per equity share of face value Rs 10 each for the financial year 2025-26. Amalgamation: The Scheme of Amalgamation between the Company and its wholly-owned subsidiary, Uniglobus Electricals and Electronics Private Limited (UEEPL), was approved by the NCLT with an appointed date of April 01, 2025. Labour Codes Impact: The Group recognized an incremental impact of Rs 200.64 million related to gratuity and long-term compensated absences following the notification of four new Labour Codes by the Government of India. Share Capital: The paid-up equity share capital increased to 15,05,50,508 equity shares of Rs 10 each following the allotment of 1,24,610 shares under the Employee Stock Option Scheme 2018. Inder T. Jaisinghani, Chairman & Managing Director, Polycab India, said: “FY26 has been a defining year for our company, marked by our strong execution and ability to capture domestic market share, which increased by approximately 3-4% during the year. This growth reflects the success of Project Spring, which has structurally strengthened our competitive position and enabled us to outperform the broader industry. We closed the year on a high note with a robust Q4FY26 performance, delivering 27% YoY growth in consolidated revenue, driven by sustained demand across our Wires & Cables and FMEG segments. Despite a challenging external environment, we achieved our highest-ever quarterly PAT of approximately Rs 7.9 billion, underscoring the resilience and strength of our operating model. Overall, FY26 stands out as a landmark year, with record revenues, EBITDA, and profitability, reinforcing our leadership in the Indian electrical industry. Backed by a strong balance sheet and continued investments in capacity expansion, innovation, and distribution, we remain confident in leveraging our enhanced market presence to drive consistent, industry-leading growth in the years ahead.” Result PDF