Polycab India Ltd witnessed a notable uptick in its stock price following the release of its fourth-quarter earnings. The shares rose by 2.32% to ₹5,942 on Tuesday, up from the previous close of ₹5,798.90. A total of 0.64 lakh shares changed hands, resulting in a turnover of ₹37.42 crore on the BSE. The company’s market capitalization reached ₹89,250 crore during the session.
For the March 2025 quarter, the electrical and cable manufacturing giant reported a 33% year-on-year increase in net profit, which rose to ₹734.4 crore from ₹553.4 crore in the corresponding period last fiscal. Revenue for the quarter surged by 25% to ₹6,985.7 crore. Operating EBITDA also saw a strong 26% YoY growth, standing at ₹720 crore. Margins improved significantly, with EBITDA margins expanding by 110 basis points to 14.7%, largely due to a turnaround in the FMEG (Fast-Moving Electrical Goods) business and enhanced margins in the EPC (Engineering, Procurement, and Construction) segment.
The company announced a major milestone: its annual revenue crossed ₹22,000 crore, a 24% YoY increase. This surpasses its “Project Leap” FY26 revenue goal of ₹20,000 crore—a full year ahead of schedule. Commenting on the achievement, Polycab highlighted the role of robust growth across its business verticals.
Additionally, the board of directors recommended a dividend of ₹35 per equity share of face value ₹10 each for FY 2024-25. This translates to a 350% payout, subject to shareholder approval in the upcoming Annual General Meeting. If approved, the dividend will be paid within 30 days of the AGM. The record and book closure dates for the dividend will be announced shortly.
Polycab India’s stock currently shows a one-year beta of 1.1, indicating higher-than-average market volatility. Technically, the stock is trading above its 5, 10, 20, 30, 50, and 100-day moving averages but remains below its 150 and 200-day averages. With an RSI (Relative Strength Index) of 65.8, the stock is currently in a neutral zone—neither overbought nor oversold.
As India’s largest manufacturer of wires and cables, Polycab boasts an extensive operational network, including 23 manufacturing facilities, over 15 regional offices, and 25+ warehouses across the country.
