Polycab Financial Results: FY22 Net Income Rises 36.71% to 12,203 Cr

Polycab India Limited [BSE: 542652, NSE: POLYCAB], announced its financial results for the last quarter of FY-22 on 11th May 2022.
Polycab’s Consolidated Financial Results FY22
Y-o-Y Comparison of Polycab’s Financials
Polycab reported a net income of Rs 3,969.98 crore for the fourth quarter of 2021-2022, which is a 30.7% increase from the company’s Rs 3,037.44 crore income for Q4 of FY-21.
Polycab’s Q4 net profit also rose to Rs 322.15 crore from Rs 283.19 crore, exhibiting a 13.75% Year-on-Year increase from FY-21 to FY-22.
For the entire fiscal, Polycab’s net income stood at Rs 12,203.76 crore, translating to a 36.71% increase from its FY-21 income of Rs 8,926.54 crore. The company’s net profit for FY-22 was Rs 908.58 crore against Rs 882.09 crore during 2020-2021, thus showing a 3% increase.

Quarter-wise Comparison of Polycab’s Financials: Q3 vs Q4 FY-22
Quarter-wise comparison of Polycab’s financials shows a 17.7% increase in total income to Rs 3,969.98 crore in Q4 of FY-22 from Rs 3,372 crore in the quarter ended 31st December 2021.
Polycab’s net profit corresponding to the last quarter of FY-22 was also up by 2.42% to Rs 322.15 crore from Rs 314.51 crore net profit clocked in Q3 of the same fiscal.
Polycab’s Segment-wise Financial Performance: FY-21 vs FY-22
Revenue in Rs. Crore

Wires and Cables: The wires and cables segment accounts for the major chunk of Polycab’s revenue. In FY-22 net revenue from this segment jumped by 42.19% to Rs 10,793.80 crore from Rs 7,591.09 crore for the previous fiscal.
Fast Moving Electrical Goods (FMEG): Polycab’s FMEG segment saw a 21.3% increase in revenue to Rs 1,254.38 crore during FY-22 from Rs 1,034.11 crore in FY-21.
Other Business Segments of Polycab, comprising mostly of its EPC business, witnessed a 23.49% growth in revenue to Rs 370.18 crore in 2021-2022 from Rs 299.76 crore during 2020-21 .
Highlights of Polycab India’s Financial Performance

Commenting on the company’s financial performance, Polycab India Chairman and Managing Director Mr Inder T Jaisinghani said “Our strong performance in the fiscal year 2022 was underpinned by the extraordinary efforts of our team to achieve new milestones even in one of the most uncertain environments. We delivered accelerated business growth, record free cash flow, healthy returns on capital and market-leading shareholder returns.”
Looking ahead, he added that Polycab seeks to add long-term, sustainable value for the company’s stakeholders.
About Polycab India Limited: Polycab India Ltd. is a major Indian cable and wire company which manufactures power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi-core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signalling cables, speciality cables and green wires. The company also deals in the FMEG sector and the EPC business. Polycab has 25 manufacturing facilities, 3 of which are for FMEG production.