Polycab posts record Q1 revenue of ₹82,097 million, up 39% YoY
Highest-ever first-quarter revenue, EBITDA and net profit; numbers already disclosed. Focus turns to sustaining momentum as base effect builds.
— 4 earlier stories on Polycab India Ltd. →What's new
- Revenue up 39% YoY to ₹82,097 million, a Q1 record.
- EBITDA rose 32% to ₹11,362 million; net profit up 33% to ₹7,967 million.
- Press release adds no new material information beyond the already-filed results.
Why this matters
The result is strong, but the market already knew these numbers. With a trailing P/E of 53.7 the stock prices in continued high growth. The next question is whether Polycab can sustain this pace as the base effect compounds.
What we're watching
- Demand trends in wires/cables and fast-moving electrical goods.
- Whether Polycab can maintain this growth rate in subsequent quarters.
The full read
Record Q1. Revenue hit ₹82,097 million: that's 39% more than last year, driven by strong wires and cables demand and an outstanding performance in the fast-moving electrical goods segment. EBITDA rose 32% to ₹11,362 million and net profit 33% to ₹7,967 million — all-time highs for a first quarter. But this press release is routine — the numbers were already disclosed. The market priced it in; the stock trades at 53.7 times trailing earnings. The real test is whether Polycab can sustain this pace as base effects build. Management is confident, but next quarter's data will speak. Hardly a surprise.
Questions answered
- What drove the 39% revenue growth?
- Strong demand in the wires and cables segment and an outstanding performance in the fast-moving electrical goods business.
- Is this result better than expected?
- The numbers were already disclosed in the board meeting outcome; this press release adds no new data. The results are strong but anticipated.
- How does this compare to previous first quarters?
- It's the highest-ever first-quarter revenue, EBITDA, and net profit in Polycab's history.
- What is management's outlook?
- Management expressed confidence in sustained growth momentum, as stated in the press release.
Story so far
All notes on POLYCAB →- 16 Jul 2026 · 2:05 PM IST Polycab posts record Q1 revenue of ₹82,097 million, up 39% YoY
- today Polycab Q1 concall confirms record revenue, flags no new triggers
- today Polycab's Q1 filing confirms known numbers, no new surprises
- today Polycab's Q1 presentation reaffirms 39% revenue growth, no new data
- today Polycab Q1 profit jumps 33% to ₹7.97 bn