POLYCAB Polycab India Q2 FY26 results (Jul–Sep 2025) and concall
Polycab India reported a strong Q2 FY26 with consolidated revenue growing 18% YoY and record PAT of ~₹700 crores, driven by robust Wires & Cables performance and significant margin expansion. The company also received a favorable ruling on its income tax appeals, resulting in NIL tax demand. While the FMEG fans segment faced headwinds and EPC revenues declined, management expressed confidence in H2 performance and long-term growth targets, supported by strong domestic demand and strategic capital allocation.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 5,105 | 6,862 | 5,704 | 6,356 |
| EBITDA | 699 | 1,000 | 805 | 985 |
| Net profit | 453 | 726 | 568 | 671 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
