Polycab India quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	9,899	6,477	+52.8%
EBITDA	1,422	1,021	+39.4%
EBITDA margin	14.4%	15.8%	−1.4 pts
Profit before tax	1,306	921	+41.8%
Net profit	990	693	+42.9%
EPS	₹64.87	₹45.54	+42.4%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	9,899	8,210	8,864	7,636	6,477	5,906	6,986	5,226	5,498	4,698	5,592	4,340	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	88.4	105	60.4	50.5	45.4	79.9	48.1	25.0	76.2	58.4	53.8	71.0
	9,987	8,315	8,925	7,687	6,523	5,986	7,034	5,251	5,575	4,756	5,646	4,411
	7,490	6,512	5,962	5,655	4,813	4,185	4,399	3,795	3,305	3,918	3,536	3,051
	150	122	359	107	139	126	119	166	153	170	134	127
	−522	−563	135	−234	−492	−169	296	−354	437	−831	216	−120
	266	261	193	237	230	219	204	199	180	154	170	149
	93.6	80.0	74.6	68.7	48.4	51.3	32.5	49.8	45.3	41.3	24.4	32.2
	111	103	97.8	106	96.8	85.7	80.4	78.6	72.1	67.1	65.7	61.9
	1,093	740	1,054	905	765	687	943	700	791	704	776	564
	8,681	7,256	7,876	6,844	5,602	5,185	6,073	4,634	4,984	4,223	4,920	3,865
	1,422	1,136	1,161	966	1,021	858	1,025	720	632	583	762	570
	1,311	1,033	1,064	860	924	772	945	641	559	516	696	508
Profit
	1,306	1,058	1,049	842	921	801	961	617	590	533	725	546
	1,306	1,058	1,049	842	921	801	961	617	590	533	725	546
	326	264	287	232	224	196	211	145	130	129	151	138
	−9.6	−2.8	−23.0	−19.8	3.9	4.5	15.0	7.5	14.8	2.6	20.4	−7.9
	316	262	264	212	228	201	226	152	145	132	172	130
	990	797	786	630	693	600	734	464	445	402	553	417
	990	797	786	630	693	600	734	464	445	402	553	417
	5.0	−8.2	11.5	0.6	2.6	−9.4	3.6	−0.5	−0.9	−9.2	−2.0	−2.3
	995	788	797	631	696	590	738	464	444	392	552	414
	977	784	773	622	685	592	727	458	440	396	546	413
	12.6	12.3	12.8	8.5	7.5	7.6	7.7	6.8	5.4	5.7	7.5	3.7
Per share
	₹64.87	₹52.09	₹52.18	₹41.30	₹45.54	₹39.36	₹48.31	₹30.42	₹29.25	₹26.35	₹36.37	₹27.50
	₹64.78	₹51.94	₹52.00	₹41.19	₹45.46	₹39.21	₹48.13	₹30.31	₹29.14	₹26.26	₹36.26	₹27.40
Other comprehensive income — detail
	5.0	−8.2	11.5	0.6	2.6	−9.4	3.6	—	—	—	—	—
	2.9	−11.1	11.1	−1.1	2.1	−15.1	−0.9	1.3	0.4	−9.9	0.1	−0.1
	0.7	−2.8	2.8	−0.3	0.5	−3.8	−0.2	—	—	—	—	—
	—	—	—	—	—	—	—	0.3	0.1	−2.5	0.0	−0.0
	3.7	0.1	2.3	2.0	1.4	2.4	3.7	−1.5	−1.1	−1.7	−2.0	−2.2
	0.9	0.0	−0.9	0.6	0.3	0.6	−0.5	—	—	—	—	—
	982	776	784	622	688	583	730	457	439	387	544	411
	12.6	12.3	12.9	8.5	7.5	7.6	7.7	6.8	5.4	5.7	7.5	3.7
Per share — as-filed variants
	₹64.87	₹52.09	₹52.18	₹41.30	₹45.54	₹39.36	₹48.31	₹30.42	₹29.25	₹26.35	₹36.37	₹27.50
	₹64.78	₹51.94	₹52.00	₹41.19	₹45.46	₹39.21	₹48.13	₹30.31	₹29.14	₹26.26	₹36.26	₹27.40
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	2,781	2,138	2,409	2,108	2,017	1,764	2,172	1,619	1,603	1,441	1,707	1,283
	28.1%	26.0%	27.2%	27.6%	31.1%	29.9%	31.1%	31.0%	29.2%	30.7%	30.5%	29.6%
Adjusted (ex-exceptional items) — derived
	1,306	1,058	1,049	842	921	801	961	617	590	533	725	546
	990	797	786	630	693	600	734	464	445	402	553	417
	₹64.87	₹52.09	₹52.18	₹41.30	₹45.54	₹39.36	₹48.31	₹30.42	₹29.25	₹26.35	₹36.37	₹27.50

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

POLYCAB₹7,745.00

Polycab India Ltd.

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersKEI RRKABEL HAVELLS GVT&D POWERINDIA APLAPOLLO SUPREMEIND WAAREEENERMcap ₹1.17L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	4,340.5	5,591.9	4,698.0	5,498.4	5,226.1	6,985.8	5,906.0	6,477.2	7,636.1	8,864.5	8,209.7	9,898.9
Other Income	71.0	53.8	58.4	76.2	25.0	48.1	79.9	45.4	50.5	60.4	104.9	88.4
Total Income	4,411.5	5,645.7	4,756.4	5,574.6	5,251.1	7,033.9	5,985.9	6,522.6	7,686.6	8,924.9	8,314.6	9,987.3
Expenses
+ Cost of Materials Consumed	3,051.1	3,535.5	3,918.2	3,305.3	3,795.1	4,398.8	4,185.3	4,813.2	5,655.1	5,962.1	6,512.4	7,489.9
+ Purchases of Stock-in-Trade	126.9	133.6	169.7	152.6	166.0	119.3	125.5	139.5	107.3	359.2	122.1	150.4
+ Changes in Inventories	-120.2	215.9	-831.1	437.3	-353.7	295.6	-168.6	-492.0	-234.3	134.7	-562.7	-522.1
+ Employee Benefit Expense	149.4	169.6	153.9	180.3	198.9	203.6	218.9	230.5	237.0	193.1	261.5	265.7
+ Finance Costs	32.2	24.4	41.3	45.3	49.8	32.5	51.3	48.4	68.7	74.6	80.0	93.6
+ Depreciation & Amortisation	61.9	65.7	67.1	72.1	78.6	80.4	85.7	96.8	105.6	97.8	102.9	111.0
+ Other Expenses	563.8	775.7	703.9	791.3	699.8	943.2	687.2	765.4	905.0	1,054.1	740.2	1,092.5
Total Expenses	3,865.1	4,920.5	4,223.1	4,984.2	4,634.5	6,073.3	5,185.3	5,601.6	6,844.4	7,875.6	7,256.4	8,681.0
EBITDA	569.5	761.5	583.4	631.6	719.9	1,025.4	857.6	1,020.7	966.1	1,161.3	1,136.2	1,422.5
EBIT	507.6	695.8	516.3	559.5	641.4	945.0	771.9	924.0	860.5	1,063.5	1,033.3	1,311.5
Profit
PBT before Exceptional Items	546.4	725.3	533.4	590.3	616.6	960.6	800.6	921.0	842.2	1,049.3	1,058.2	1,306.2
Pretax Income	546.4	725.3	533.4	590.3	616.6	960.6	800.6	921.0	842.2	1,049.3	1,058.2	1,306.2
+ Current Tax	137.8	151.4	129.1	130.4	144.8	211.2	196.4	224.1	231.8	286.7	264.4	325.8
+ Deferred Tax	-7.9	20.4	2.6	14.8	7.5	15.0	4.5	3.9	-19.8	-23.0	-2.8	-9.6
Tax Expense	129.9	171.8	131.7	145.1	152.2	226.2	200.9	228.0	212.0	263.7	261.6	316.2
Net Income	416.5	553.5	401.6	445.2	464.3	734.4	599.7	693.0	630.2	785.6	796.7	990.0
+ Net Income — Continuing Ops	416.5	553.5	401.6	445.2	464.3	734.4	599.7	693.0	630.2	785.6	796.7	990.0
+ Other Comprehensive Income	-2.3	-2.0	-9.2	-0.9	-0.5	3.6	-9.4	2.6	0.6	11.5	-8.2	5.0
Total Comprehensive Income	414.2	551.5	392.4	444.3	463.8	738.0	590.3	695.5	630.8	797.1	788.4	995.0
Net Income to Common	412.9	546.0	396.0	439.8	457.6	726.7	592.1	685.5	621.7	772.8	784.3	977.4
Minority Interest	3.7	7.5	5.7	5.4	6.8	7.7	7.6	7.5	8.5	12.8	12.3	12.6
Per Share
Basic EPS	27.50	36.37	26.35	29.25	30.42	48.31	39.36	45.54	41.30	52.18	52.09	64.87
Diluted EPS	27.40	36.26	26.26	29.14	30.31	48.13	39.21	45.46	41.19	52.00	51.94	64.78
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	3.6	-9.4	2.6	0.6	11.5	-8.2	5.0
+ Items NOT to be Reclassified to P&L	-0.1	0.1	-9.9	0.4	1.3	-0.9	-15.1	2.1	-1.1	11.1	-11.1	2.9
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.2	-3.8	0.5	-0.3	2.8	-2.8	0.7
+ Tax on Items NOT to be Reclassified — alt tag	-0.0	0.0	-2.5	0.1	0.3	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-2.2	-2.0	-1.7	-1.1	-1.5	3.7	2.4	1.4	2.0	2.3	0.1	3.7
+ Tax on Items to be Reclassified	—	—	—	—	—	-0.5	0.6	0.3	0.6	-0.9	0.0	0.9
Comprehensive Income — Owners of Parent	410.5	544.1	386.8	439.0	457.0	730.3	582.7	688.0	622.3	784.3	776.1	982.3
Comprehensive Income — Non-controlling Interests	3.7	7.5	5.7	5.4	6.8	7.7	7.6	7.5	8.5	12.9	12.3	12.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	27.50	36.37	26.35	29.25	30.42	48.31	39.36	45.54	41.30	52.18	52.09	64.87
Diluted EPS — Continuing Operations	27.40	36.26	26.26	29.14	30.31	48.13	39.21	45.46	41.19	52.00	51.94	64.78
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	1,282.7	1,706.8	1,441.2	1,603.2	1,618.6	2,172.2	1,763.7	2,016.6	2,108.0	2,408.5	2,137.9	2,780.7
Gross Margin %	29.55	30.52	30.68	29.16	30.97	31.09	29.86	31.13	27.61	27.17	26.04	28.09
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	546.4	725.3	533.4	590.3	616.6	960.6	800.6	921.0	842.2	1,049.3	1,058.2	1,306.2
Net Income Adj (tax-effected)	416.5	553.5	401.6	445.2	464.3	734.4	599.7	693.0	630.2	785.6	796.7	990.0
EPS Adj	27.50	36.37	26.35	29.25	30.42	48.31	39.36	45.54	41.30	52.18	52.09	64.87
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	150.2	150.2	150.3	150.4	150.4	150.4	150.5	150.5	150.5	150.6	150.6	150.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Polycab India Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 15 October 2026 at 12:58 pm IST

Polycab India (NSE: POLYCAB) reported its Q2 FY27 results (July–September 2026) on Thursday, 15 October 2026 at 12:58 pm IST. Consolidated net profit attributable to shareholders was ₹977 crore, up 42.6% from ₹685 crore in Q2 FY26 and up 24.6% from ₹784 crore in Q1 FY27. Revenue from operations was ₹9,899 crore, up 52.8% year on year and up 20.6% from the previous quarter.

Q2 FY26 results (a year earlier): 17 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹977 Cr+42.6% vs Q2 FY26+24.6% vs Q1 FY27Total incl. minority interest ₹990 Cr
Revenue from operations: ₹9,899 Cr+52.8% vs Q2 FY26+20.6% vs Q1 FY27
Operating margin (EBIT): 13.2%−1.0 pts vs Q2 FY26+0.7 pts vs Q1 FY27EBIT ₹1,311 Cr
EBITDA: ₹1,422 Cr+39.4% vs Q2 FY26+25.2% vs Q1 FY27margin 14.4%
Earnings per share (basic): ₹64.87+42.4% vs Q2 FY26+24.5% vs Q1 FY27
Net profit margin: 9.9%−0.7 pts vs Q2 FY26+0.3 pts vs Q1 FY27

Questions

What was Polycab India's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹977 crore, up 42.6% from ₹685 crore in Q2 FY26 and up 24.6% from ₹784 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹990 crore.

How were Polycab India's Q2 FY27 results?

Both grew from a year earlier: net profit was up 42.6% at ₹977 crore and revenue was up 52.8% at ₹9,899 crore. The operating margin was 13.2%, down 1.0 percentage points from 14.3% a year earlier. Against Q1 FY27, net profit was up 24.6% and revenue up 20.6%.

What is Polycab India's net profit margin?

Polycab India's net profit margin was 9.9% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 10.6% in Q2 FY26 (down 0.7 percentage points). For FY26 as a whole it was 9.3%.

What was Polycab India's revenue in Q2 FY27?

Revenue from operations was ₹9,899 crore, up 52.8% year on year and up 20.6% from the previous quarter.

What was Polycab India's EPS in Q2 FY27?

Basic earnings per share were ₹64.87, against ₹45.54 in Q2 FY26.

What was Polycab India's revenue in FY26?

Revenue from operations was ₹28,884 crore in FY26 (April 2025–March 2026), up 28.9% from ₹22,408 crore in FY25. It was ₹18,039 crore in FY24 and ₹14,108 crore in FY23: up 104.7% over three years, 27.0% a year on average.

What was Polycab India's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,311 crore, a margin of 13.2%, against 12.6% in Q1 FY27 and 14.3% in Q2 FY26. EBITDA was ₹1,422 crore, 14.4% of revenue.

What was Polycab India's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,762 crore, up 37.9% from ₹1,278 crore in the same months a year earlier. Revenue from operations was ₹18,109 crore, up 46.2%.

What was Polycab India's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹2,672 crore in FY26 (April 2025–March 2026), up 32.3% from ₹2,020 crore in FY25. It was ₹1,784 crore in FY24 and ₹1,270 crore in FY23: up 110.4% over three years, 28.1% a year on average.

How has Polycab India's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹622 crore in Q3 FY26, ₹773 crore in Q4 FY26, ₹784 crore in Q1 FY27 and ₹977 crore in Q2 FY27. That is ₹3,156 crore over the four quarters, up 28.2% from ₹2,462 crore in the four quarters before. Revenue from operations: ₹7,636 crore, ₹8,864 crore, ₹8,210 crore and ₹9,899 crore.

When did Polycab India announce its Q2 FY27 results?

On Thursday, 15 October 2026 at 12:58 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 17 October 2025.

When will Polycab India announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Polycab India figures come from?

From Polycab India's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 15 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.