Electrical Equipment/Products company Polycab India announced Q2FY24 & H1FY24 results: 1. Financial Performance: - Highest-ever revenue for the second quarter and six months ended September 30, 2023. - Revenue growth of 27% YoY to Rs 42,177 million in Q2FY24 and 34% YoY to Rs 81,071 million in H1FY24. - EBITDA growth of 43% YoY to Rs 6,089 million in Q2FY24 and 57% YoY to Rs 11,575 million in H1FY24. - PAT growth of 59% YoY to Rs 4,298 million in Q2FY24 and 69% YoY to Rs 8,329 million in H1FY24. 2. Business Performance: - Strong volume growth in the wires & cables business driving revenue growth. - Continued strong demand supported by government capex and robust real-estate off-take. - Growth in both distribution-driven business and institutional business. - Expansion of global footprint to 76 countries. 3. Brand Identity Update: - Unveiling of new brand identity symbolizing innovation, technology, safety, and sustainability. - New visual identity inspired by the colors of dawn. - Updated brand tagline from "Connection Zindagi Ka" to "Ideas. Connected." 4. Segment Performance: - Strong growth in switches, switchgear, conduit pipes & fittings, and luminaires businesses. - Marginal growth in Fans and Lights businesses due to weak consumer demand. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said, "We continued our strong business performance in Q2, enabling the half-yearly revenue and profitability to be the highest ever in the Company's history. Favourable demand environment with multiple avenues of growth along with our strong focus on execution has laid the foundation for the current year to be a remarkable chapter in the history of our organization. During the quarter, we unveiled our new brand identity, symbolizing our commitment to innovation, technology, safety, and sustainability with a vision of 'Connecting all to a brighter future'. Our new visual identity, inspired by the colours of dawn, embodies our commitment to a brighter future and reaching new heights. We've also updated our brand tagline from the existing positioning of 'Connection Zindagi Ka' to 'Ideas. Connected.' which reflects our vision for a future where innovative products simplify lives, and it all begins with a thoughtful idea. The Company is on an exciting journey towards a more promising future, and I believe the brand refresh will act as a catalyst in accelerating this favourable advancement”. Result PDF