Polycab Q2 FY27 Revenue Surges 53%, PAT Jumps 43%
Polycab India Ltd. (PIL) [NSE: POLYCAB, BSE: 542652], a leading Indian manufacturer of cables and wires, has announced its financial results for Q2 of FY27, and the numbers are impressive.
Polycab’s Standalone Financial Figures for Q2 FY27
In Q2 FY27, Polycab India reported a standalone revenue of ₹9,839.66 crore and a Profit After Tax (PAT) of ₹965.17 crore.
Polycab’s Consolidated Financial Figures for Q2 FY27
YoY Comparison of Consolidated Financials: Q2 FY27 vs. Q2 FY26
Polycab clocked a consolidated revenue of ₹9,898.90 crore during Q2 FY27, showcasing a significant increase of 52.83% from Q2 FY26’s revenue of ₹6,477.21 crore. The company’s Q2 FY27 PAT of ₹990 crore highlights a strong profit growth of 42.87% from Q2 FY26’s PAT of ₹692.96 crore.
Commenting on Q2 FY27’s strong performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director (CMD), Polycab, said, “The domestic demand environment continues to be encouraging, supported by healthy infrastructure spending, increasing electrification opportunities, and improving private sector investment activity.” He added that the company’s international business maintained growth momentum in spite of an uncertain geopolitical environment.
In Q2 FY27, the company’s Earnings Per Share (EPS) stood at ₹64.87, increasing 42.45% from ₹45.54 reported in Q2 FY26.
QoQ Analysis of Consolidated Financials: Q2 FY27 vs. Q1 FY27
Quarter-over-Quarter (QoQ) analysis of company’s revenue highlights a 20.58% increase in Q2 FY27 from ₹8,209.73 crore earned in Q1 FY27. Meanwhile, Q2 FY27’s PAT increased 24.27% QoQ from ₹796.65 crore reported during Q1 FY27.
Polycab’s Strong Segmental Revenue Performance: Q2 FY27 vs. Q2 FY26
Wires and Cables Delivers Strong 47% YoY Growth
Polycab’s Wire and Cables segment gathered revenue of ₹8,376.84 crore in Q2 FY27 against ₹5,691.13 crore earned during Q2 FY26, a 47.19% increase YoY.
This segment accounted for the bulk of Polycab’s revenue, constituting 83.88% of total consolidated segmental revenue.
“The W&C business delivered strong performance… supported by healthy demand across government and private sectors. Both cables and wires grew strongly, with wires leading the growth momentum”, said the company in its Q2 FY27 investor presentation.
FMEG Revenue Grows Over 2-Fold YoY
Fast-Moving Electrical Goods (FMEG) business segment brought in revenue of ₹993.11 crore in Q2 FY27, a 119.63% YoY increase from segment’s Q2 FY26 revenue of ₹452.18 crore.
Highlighting the significant YoY increase in FMEG revenue, Polycab stated, “Solar products continued to outperform, registering multifold growth and retaining their position as the largest growth driver within the FMEG portfolio. All other categories also recorded very strong growth during the quarter.”
EPC Segment Order Book Reaches ₹9,000–10,000 Cr
The company’s Engineering, Procurement, and Construction (EPC) business segment reported a revenue of ₹617.08 crore in Q2 FY27, increasing 53.35% from Rs. 402.39 crore in Q2 FY26.
During Polycab’s Q2 FY27 earnings call, Mr. Aditya Nathany, Head, Investor Relations, mentioned that the company’s EPC order book is roughly ₹9,000 crore to ₹10,000 crore. He also stated “We will continue… getting orders in terms of the two projects that we are doing in terms of Bharat Net and RDSS”.
Polycab had won two large BharatNet contracts from BSNL, one of ₹6,448 crore in June 2025 and a ₹3,003 crore contract in March 2025.
About Polycab India Limited: 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 other categories such as welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables, and green wires.
