Polycab Q4 Results : polycab india posted a robust performance in its Q4 FY2025 earnings report, with revenue growing by 25% year-on-year, driven by strong demand across its core and emerging business segments. The company also announced a record dividend payout of ₹35 per share, taking its dividend ratio to 26.3%.
Polycab Q4 Results Financial Highlights (Q4 FY25):
- Revenue growth: 25% YoY
- EBITDA: ₹1,025.7 crore, up 34.7% YoY (above CNBC-TV18 estimate of ₹958 crore)
- EBITDA margin: 14.7%, up 110 bps YoY
- Net Profit: ₹727 crore, up 35% YoY
- Dividend: ₹35/share, highest in company history
Segment-Wise Performance:
Wires & Cables:
- 22% YoY growth supported by strong government infrastructure push, healthy real estate demand, and commodity price trends.
- Cables segment outpaced wires in terms of growth.
- International business saw a temporary dip due to deferred order execution.
FMEG (Fast-Moving Electrical Goods):
- Grew 33% YoY, with broad-based growth across all categories.
- Broke even for the first time in 10 quarters, following sustained strategic investment.
- Strong contributions from switchgears, conduit pipes, and switches.
EPC Business:
- Achieved 47% YoY growth due to successful execution of the RDSS (Revamped Distribution Sector Scheme) order book.
Despite surpassing the ₹22,000 crore revenue milestone, Polycab has not provided specific revenue guidance for the new financial year.
Industry Outlook and Competition:
The cables and wires industry is witnessing increasing competitive intensity with entries from Aditya Birla Group’s UltraTech and the Adani Group. While concerns remain about market share dilution, incumbents like Polycab, KEI Industries, and Finolex Cables believe the market is large enough to support multiple players.
Stock Performance:
Post-results, Polycab shares rose by 0.8% to ₹5,840. This follows Monday’s rally in the entire sector, where RR Kabel’s strong performance had sparked double-digit gains.
Conclusion:
Polycab’s Q4 results reaffirm its leadership in India’s electricals and infrastructure sector. With strong financials, margin improvements, and the FMEG segment finally achieving profitability, the company is well-positioned for sustained growth, even as competition intensifies in the wires and cables segment.
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