Polycab India Limited — Updates, 22-01-2025: Press Release

Polycab India Limited reported outstanding financial results for the quarter and nine months ended December 31, 2024, achieving record revenues. Q3 FY25 revenue reached ₹52,261 Mn, a 20% increase YoY, with EBITDA up 26% YoY to ₹7,199 Mn and PAT rising 11% YoY to ₹4,643 Mn. For the first nine months of FY25, total revenue soared 24% YoY to ₹154,225 Mn, bolstered by a strong performance in the wires and cables segment, which grew 15% YoY. The FMEG business also showed impressive gains, rising 27% YoY. The company successfully surpassed its five-year revenue guidance ahead of schedule, generating ₹210 Bn in revenue for calendar year 2024, attributing its success to robust demand, supportive policies, and effective strategic execution. The upcoming Project Spring aims to further enhance growth potential, positioning Polycab favorably for sustained long-term shareholder value. Positive momentum is expected to continue in the coming quarters.