Polycab India Shares Surge Nearly 3% on Robust Q1 Performance

Shares of

ndia climbed nearly 3% to Rs 7,065 per share in morning trade on July 18, 2025, buoyed by strong first-quarter earnings and optimistic outlooks from Citi Research and UBS. The company's net profit soared 50% year-on-year to Rs 600 crore, while operational revenue grew 25.7% to Rs 5,906 crore. EBITDA rose 47.1% to Rs 858 crore, with margins expanding over 200 basis points to 14.5%. The wires and cables segment drove the growth, complemented by an 18% revenue increase in the fast-moving electrical goods (FMEG) division, which also saw its margins improve by 283 basis points to 2.1%. The FMEG business marked its second consecutive profitable quarter. Following the results, Citi Research reiterated a Buy rating with a target price of Rs 7,700, suggesting a 12% upside from the last NSE close.