{"id":138792,"date":"2023-01-19T11:39:22","date_gmt":"2023-01-19T16:39:22","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138792"},"modified":"2023-01-19T11:39:23","modified_gmt":"2023-01-19T16:39:23","slug":"polycab-india-limited-q3fy23-earnings-summary","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/polycab-india-limited-q3fy23-earnings-summary\/","title":{"rendered":"Polycab India Limited Q3FY23 Earnings Summary"},"content":{"rendered":"\n<p>India&#8217;s top producer of cables, wires, and related goods such uPVC conduits, lugs, and glands is <a href=\"https:\/\/44.250.171.167\/symbol\/polycab\/\" target=\"_blank\" rel=\"noreferrer noopener\">Polycab<\/a>. For almost any application, we provide a variety of cables and wires. A variety of consumer electrical goods, including fans, switches, switchgear, LED lights and luminaries, solar inverters, and pumps, have also recently been introduced by Polycab.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Results:<\/strong><\/h2>\n\n\n\n<p>The management has stated that robust volume growth in the cables and wires industry helped it experience revenue growth despite a high base, higher commodity costs, and increased inflation.<\/p>\n\n\n\n<p>Consolidated profit before tax increased by 48.15% to \u20b9 481 crores in Q3FY23, from \u20b9 324.68 crores in Q3 FY22.<\/p>\n\n\n\n<p>However, the working capital cycle of the firm seems to have deteriorated. This can be observed with the stark differences in the current assets and liabilities in this <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/9ca32919-d839-4ab9-b3b2-0413d6ab4026.pdf\" target=\"_blank\" rel=\"noopener\">quarter\u2019s results<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/lh4.googleusercontent.com\/LFmHIeVT5LW61bTWtGbbxCfhYIflZ2tz2zZBmiKnqYMDoZ1AqF7_2p_Z6_-r-nOiKRzDsQBZ_Om_MZZPQ6NiZ_KqVSdQXH-aMHS1NznpgqAAozyV0UxZKioNXFIPR2OPRdh5WmhuT7bnHLDkRlNHNlDKCQ_1PIeZlFLdllUMMfyQYnLYZsbKaeQOTUjT7Q\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/LFmHIeVT5LW61bTWtGbbxCfhYIflZ2tz2zZBmiKnqYMDoZ1AqF7_2p_Z6_-r-nOiKRzDsQBZ_Om_MZZPQ6NiZ_KqVSdQXH-aMHS1NznpgqAAozyV0UxZKioNXFIPR2OPRdh5WmhuT7bnHLDkRlNHNlDKCQ_1PIeZlFLdllUMMfyQYnLYZsbKaeQOTUjT7Q\" alt=\"\" width=\"-50\" height=\"-64\"\/><\/a><\/figure><\/div>\n\n\n\n<p>The Net Working Capital Days have risen to 59 days in Q3FY23 from 44 days in Q2FY23. The rise in inventory days has the highest contribution to the rise in the net working capital for this quarter. However, the management has stated that they possess sufficient cash to sustain their working capital requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s top producer of cables, wires, and related goods such uPVC conduits, lugs, and glands is Polycab. For almost any application, we provide a variety of cables and wires. A variety of consumer electrical goods, including fans, switches, switchgear, LED lights and luminaries, solar inverters, and pumps, have also recently been introduced by Polycab. Financial [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":135085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753,6352],"tags":[8592,10487],"class_list":["post-138792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-industrials","category-research-summary","tag-cable","tag-cables"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1252224581.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145961,"url":"https:\/\/alphastreet.com\/india\/polycab-india-q4fy23-earnings-story\/","url_meta":{"origin":138792,"position":0},"title":"Polycab India Q4FY23 Earnings Story","author":"Karan_Singh","date":"May 12, 2023","format":false,"excerpt":"India's top producer of cables, wires, and related goods such uPVC conduits, lugs, and glands is Polycab. For almost any application, we provide a variety of cables and wires. A variety of consumer electrical goods, including fans, switches, switchgear, LED lights and luminaries, solar inverters, and pumps, have also recently\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"SHARDAMOTR Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-1443507250.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-1443507250.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-1443507250.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/iStock-1443507250.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":169205,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q1fy26-49-rise-in-profits\/","url_meta":{"origin":138792,"position":1},"title":"Polycab India Ltd Q1FY26; 49% rise in Profits","author":"Chirag Gupta","date":"July 18, 2025","format":false,"excerpt":"Polycab is India\u2019s 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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":167314,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q3fy25-11-rise-in-profits\/","url_meta":{"origin":138792,"position":2},"title":"Polycab India Ltd Q3FY25; 11% rise in Profits","author":"Chirag Gupta","date":"March 10, 2025","format":false,"excerpt":"Polycab is India\u2019s 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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/03\/4-5.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":168959,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q4fy25-33-rise-in-profits\/","url_meta":{"origin":138792,"position":3},"title":"Polycab India Ltd Q4FY25; 33% rise in Profits","author":"Chirag Gupta","date":"June 30, 2025","format":false,"excerpt":"Polycab is India\u2019s 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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/3-9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155015,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q2fy24-59-rise-in-profits\/","url_meta":{"origin":138792,"position":4},"title":"Polycab India Ltd Q2FY24; 59% rise in Profits","author":"Chirag Gupta","date":"October 18, 2023","format":false,"excerpt":"Polycab is India\u2019s 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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-39.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":162497,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q4fy24-29-rise-in-profits\/","url_meta":{"origin":138792,"position":5},"title":"Polycab India Ltd Q4FY24; 29% rise in Profits","author":"Chirag Gupta","date":"June 26, 2024","format":false,"excerpt":"Polycab is India\u2019s 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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-213.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138792"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/135085"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}