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Polycab India Ltd Q2FY24; 59% rise in Profits

Polycab is India’s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. We have a range of cables and wires for practically every application. More recently Polycab has also launched a wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters, and Pumps.

Financial Results:

Polycab India Ltd reported Revenues for Q2FY24 of ₹4,218.00 Crores up from ₹3,332.00 Crore year on year, a rise of 26.59%.

Total Expenses for Q2FY24 of ₹3,696.00 Crores up from ₹2,972.00 Crores year on year, a rise of 24.36%.

Consolidated Net Profit of ₹430.00 Crores up 58.67% from ₹271.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹28.37, up 58.40% from ₹17.91 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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