Polycab India quarterly results and financials

Polycab India (POLYCAB)₹7,833−0.08%(9 Nov 2026 close)Cables - Electricals

Key facts

In the Sep 2026 quarter (consolidated), Polycab India reported sales of ₹9,897 Cr, up 52.8% from Sep 2025, and net profit of ₹987 Cr, up 42.8% year on year. For the year to Mar 2026, sales were ₹28,895 Cr and net profit ₹2,701 Cr.

Sales (Sep 2026): ₹9,897 Cr
Net profit (Sep 2026): ₹987 Cr
Sales (FY Mar 2026): ₹28,895 Cr
Net profit (FY Mar 2026): ₹2,701 Cr
EPS (Sep 2026): ₹64.88
Borrowings (Mar 2026): ₹236 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Polycab India quarterly results

₹ crore unless stated; each column is a quarter.

Polycab India Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	4,346	5,599	4,701	5,501	5,228	6,996	5,913	6,478	7,645	8,867	8,211	9,897
Expenses	3,762	4,819	4,105	4,855	4,496	5,943	5,035	5,440	6,651	7,678	7,054	8,449
Operating Profit	572	764	585	634	722	1,028	861	1,025	969	1,165	1,139	1,427
OPM %	13.1%	14.0%	12.0%	11.0%	14.1%	15.0%	15.0%	16.0%	13.1%	13.1%	14.0%	14.0%
Other Income	70.84	53.88	57.92	75.91	24.95	47.93	79.92	44.93	49.89	59.92	105	87.78
Interest	31.96	23.99	40.94	44.95	49.95	32.98	50.97	47.94	68.90	74.93	79.95	93.98
Depreciation	62.19	66.20	67.21	72.31	79.34	80.26	86.35	97.35	106	98.39	103	111
Profit before tax	548	727	535	592	619	964	803	923	844	1,053	1,062	1,311
Tax %	24.1%	24.1%	25.1%	25.1%	25.0%	24.0%	25.1%	25.0%	25.1%	25.1%	25.1%	24.1%
Net Profit	416	552	401	444	463	732	599	691	628	784	795	987
EPS (Rs)	27.53	36.36	26.37	29.28	30.44	48.32	39.36	45.59	41.34	51.39	52.08	64.88

Polycab India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Polycab India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,203	5,503	6,770	7,993	8,835	8,793	12,219	14,115	18,062	22,439	28,895	34,621
Expenses	4,697	5,006	6,030	7,021	7,681	7,660	10,917	12,237	15,512	19,389	24,789	29,832
Operating Profit	493	481	732	953	1,133	1,115	1,269	1,849	2,498	2,972	4,027	4,700
OPM %	9.1%	9.1%	11.1%	12.1%	13.0%	13.0%	10.0%	13.0%	14.0%	13.0%	14.1%	13.6%
Other Income	31.95	74.88	64.87	63.87	90.85	164	161	133	221	204	229	302
Interest	147	65.91	93.93	117	49.98	42.96	34.96	59.98	108	169	243	318
Depreciation	111	129	134	142	162	177	203	210	246	299	388	420
Profit before tax	266	362	569	758	1,013	1,059	1,191	1,712	2,366	2,709	3,626	4,269
Tax %	30.0%	36.0%	37.1%	34.1%	24.1%	16.0%	23.1%	25.1%	24.1%	24.0%	25.1%	—
Exceptional items	−1.01	0.00	3.01	1.01	13.02	13.03	16.01	56.05	67.05	90.18	157	—
Net Profit	185	233	358	499	764	884	914	1,279	1,800	2,041	2,701	3,195
EPS (Rs)	13.11	16.50	25.39	35.41	51.05	59.16	60.82	84.93	118.82	134.32	177.70	209.69
Dividend payout %	13.1%	6.1%	0.0%	8.0%	14.1%	17.1%	23.1%	24.1%	25.1%	26.1%	26.1%	—

Polycab India balance sheet

₹ crore, at each year end.

Polycab India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	141	141	141	141	141	149	149	149	150	150	150	151
Reserves	1,486	1,637	1,848	2,201	2,702	3,680	4,594	5,380	6,468	8,019	9,660	11,822
Borrowings	546	797	857	800	272	157	282	118	191	161	202	236
Other Liabilities	1,133	1,290	1,721	1,294	2,500	1,959	1,978	1,748	2,601	3,711	3,713	8,227
Total Liabilities	3,305	3,865	4,566	4,437	5,615	5,945	7,004	7,396	9,410	12,041	13,726	20,435
Fixed Assets	821	984	1,127	1,195	1,274	1,420	1,869	1,673	2,066	2,335	3,006	3,735
CWIP	180	138	165	136	193	242	99.25	376	251	579	709	1,142
Investments	0.00	0.00	33.10	32.13	29.10	65.18	637	775	1,355	1,827	1,756	3,415
Other Assets	2,304	2,743	3,241	3,073	4,119	4,218	4,398	4,572	5,738	7,300	8,254	12,142
Inventories	901	978	1,515	1,362	1,991	1,918	1,982	2,193	2,942	3,665	3,647	5,543
Trade receivables	1,080	1,352	1,199	1,291	1,334	1,434	1,435	1,296	1,247	2,046	2,598	3,757
Cash & equivalents	26.98	50.99	29.98	10.99	317	281	531	407	695	402	771	882
Total Assets	3,305	3,865	4,566	4,437	5,615	5,945	7,004	7,396	9,410	12,041	13,726	20,435

Polycab India cash flow

₹ crore, for each year.

Polycab India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	150	221	296	362	1,230	244	1,252	512	1,427	1,296	1,808	3,809
Cash from investing activity	−172	−246	−294	−187	−407	−261	−1,009	−426	−1,200	−750	−1,235	−2,843
Cash from financing activity	15.01	44.99	−10.01	−190	−651	11.01	−175	−201	−227	−387	−629	−799
Net cash flow	−8.03	20.07	−8.03	−15.07	172	−7.02	66.24	−116	−2.01	158	−59.25	163
Capex	203	248	278	198	285	289	192	525	477	855	966	1,475
Free cash flow	−51.97	−26.01	17.99	179	948	−45.01	1,061	−7.99	969	438	853	2,338
CFO / OP %	47.9%	68.9%	82.9%	69.0%	147.9%	47.9%	133.9%	67.0%	97.9%	74.9%	81.9%	116.9%

Polycab India ratios

Working-capital days and returns, by year.

Polycab India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	84	95	80	70	61	59	60	39	32	41	42	48
Inventory days	95	94	134	—	128	116	113	86	104	105	86	99
Days payable	102	102	121	—	98	83	78	49	73	83	65	109
Cash conversion cycle	79	89	95	71	92	95	97	78	66	66	65	40
Working capital days	86	94	96	57	45	71	67	67	58	59	54	30
ROCE %	17.0%	17.0%	16.0%	22.0%	28.0%	29.0%	22.9%	20.9%	26.9%	30.9%	29.9%	33.0%

Polycab India: frequently asked questions

What are the latest quarterly results of Polycab India?

For the Sep 2026 quarter, Polycab India reported sales of ₹9,897 Cr, up 52.8% year on year and net profit of ₹987 Cr, up 42.8% year on year. The operating margin was 14.0%.

What is the annual revenue of Polycab India?

Polycab India's sales for the year to Mar 2026 were ₹28,895 Cr; over the last twelve months they were ₹34,621 Cr.

What is the net profit of Polycab India?

Net profit for the year to Mar 2026 was ₹2,701 Cr, and ₹3,195 Cr over the last twelve months. Earnings per share over the same trailing period were ₹209.69.

How much debt does Polycab India have?

Polycab India reported borrowings of ₹236 Cr at Mar 2026, against cash and equivalents of ₹882 Cr.

What is the free cash flow of Polycab India?

Cash from operations was ₹3,809 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2,338 Cr.

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