Polycab India’s FY26 Revenue Jumps 29%, PAT Grows 32% YoY
Polycab India Ltd. (PIL) [NSE: POLYCAB, BOM: 542652], a leading Indian manufacturer of cables and wires, has announced its financial results for Q4 of FY26 and for the entire FY26.
Polycab India’s Standalone Financial Figures: Q4 FY26 & FY26
For the quarter ended 31st March 2026, Polycab India reported a topline of Rs. 8,585.09 crore, and corresponding Profit After Tax of Rs. 750.48 crore.
Considering entire FY26, the company reported Rs. 28,185.18 crore as its standalone revenue and Rs. 2,600.95 crore as PAT.
Polycab India’s Consolidated FY26 Financial Performance
YoY Comparison of Polycab’s Financials: Q4 FY26 vs. Q4 FY25 & FY26 vs. FY25
Polycab’s Q4 revenue from operations increased by 26.89% to Rs. 8,864.48 crore in FY26 from Rs. 6,985.80 crore in FY25. The company’s Q4 PAT increased by 6.98% to Rs. 785.60 crore in FY26 from Rs. 734.36 crore in FY25.
For the entire FY26, Polycab reported a revenue of Rs. 28,883.79 crore, which is 28.90% higher than its FY25 revenue of Rs. 22,408.31 crore. As for the company’s annual PAT, Polycab clocked Rs. 2,708.43 crore in FY26, which represents an increase of 32.41% from its FY25 PAT, reported as Rs. 2,045.54 crore.
Polycab India’s Earnings Per Share (EPS) stood at Rs. 52.18 for Q4 of FY26, and at Rs. 177.53 for the entire FY26.
Commenting on FY26 performance,Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said, “Despite a challenging external environment, we achieved our highest-ever quarterly PAT of approximately ₹7.9 billion, underscoring the resilience and strength of our operating model. Overall, FY26 stands out as a landmark year, with record revenues, EBITDA, and profitability, reinforcing our leadership in the Indian electrical industry”.
QoQ Comparison of Polycab’s Financial Figures: Q4 FY26 vs. Q3 FY26
On a Quarter-over-Quarter basis, Polycab’s quarterly revenue jumped by 16.09% in Q4 FY26 from Rs. 7,636.13 crore earned in Q3 of FY26. The company’s Q4 FY26 PAT grew significantly on QoQ basis, increasing by 24.66% from Q3 FY26 PAT which was reported as Rs. 630.17 crore.
Segment-Wise FY26 Revenue Comparison
Wires and Cables: The company earned Rs. 7,762.01 crore as revenue during Q4 of FY26 from its Wires and Cables segment against Rs. 6,019.07 crore clocked during Q4 of FY25. This represents a YoY increase of 28.96% in quarterly segmental revenue.
Polycab’s revenue from its Wires and Cables business was Rs. 25,534.42 crore during FY26, reflecting a significant YoY increase of 32.74% from its Rs. 19,236.63 crore revenue for FY25.
Highlighting the growth in this segment, the company mentioned in its press release “ Cables outperformed wires during the quarter [Q4 FY26]. Within the cables segment, institutional sales growth outpaced channel sales growth. The international business recorded a robust 18% YoY increase, contributing 4.4% to consolidated revenues”.
FMEG: During Q4 of FY26, Polycab India reported a revenue of Rs. 663.14 crore from its FMEG segment. This marks a YoY increase of 39.32% from the company’s Rs. 476 crore revenue from this segment during Q4 of FY25.
For the entire FY26, the company recorded Rs. 2,069.33 crore as revenue from its FMEG segment, exhibiting an increase of 23.01% from its FMEG revenue of Rs. 1,682.18 crore during FY25.
EPC: This segment of the company earned a revenue of Rs. 509.80 crore during Q4 of FY26 against Rs. 602.83 revenue earned during Q4 of FY25, representing a decrease of 15.43%. According to the company “The EPC business revenues were impacted by the timing of the project execution cycle, resulting in a 15% YoY decrease for the quarter”.
For the entire fiscal year 2025-26, the company’s revenue from this segment saw a decrease of 13.17% to Rs. 1,666.50 crore, from Rs. 1,919.24 crore clocked during FY25.
About Polycab India Limited: Polycab India Limited was established in 1996. The company’s wire and cable portfolio includes power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, communication cables, and others, including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables, and green wires.
