Polycab India Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 5,906 Crs., 25.7% growth YoY (Strong performance in the Wires & Cables business led to increase in overall revenue), Total Income is Rs. 5,986 Crs.,25.9% growth YoY, EBITDA is Rs. 858 Crs., 47% growth YoY, EBITDA Margin is 14.52% improved by 210 Basis points YoY (supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix), PBT Rs. 801 Crs., 50% growth YoY, PAT Rs. 600 Crs., 49.3% growth YoY. On QoQ basis Op. Revenue is down by 15.5%, Total Income is down by 14.9%, EBITDA is down by 16.4%, EBITDA Margins are reduced by 16 basis points, PBT is down by 16.7% and PAT is down by 18.3%. The FMEG business maintained its healthy growth momentum, recording a 18% YoY growth EPC-Segmental revenues declined by 19% YoY during the quarter.