Polycab India Q1 FY27 Revenue Jumps 39%, PAT Up 33% YoY
Polycab India Ltd. (PIL) [NSE: POLYCAB, BOM: 542652], a leading Indian manufacturer of cables and wires, has published its financial results for Q1 FY27.
Polycab India’s Q1 FY27 Standalone Financial Results
During Q1 of FY27, Polycab India reported a standalone revenue of Rs. 8,034.49 crore and a Profit After Tax (PAT) of Rs. 766.28 crore.
Polycab India’s Consolidated Financial Results for Q1 FY27
YoY Comparison of Polycab’s Numbers: Q1 FY27 vs Q1 FY26
On Year-over-Year (YoY) basis, Polycab India’s revenue jumped by 39% to Rs. 8,209.73 crore in Q1 of FY27 from Rs. 5,905.98 crore reported during Q1 FY26. Further, the company’s profit stood at Rs. 796.65 crore in Q1 FY27 against Rs. 599.70 crore during Q1 FY26, reflecting a YoY increase of 32.84%.
The company reported an Earnings Per Share (EPS) of Rs. 52.09 in Q1 FY27 and Rs. 39.36 in Q1 FY26.
Quarterly Analysis of Polycab India’s Financial Performance: Q1 FY27 vs Q4 FY26
On Quarter-over-Quarter (QoQ) basis, Polycab India’s revenue fell by 7.39% from Rs. 8,864.48 crore in Q4 FY26. On the other hand, the company’s profit increased slightly by 1.41% from Rs. 785.60 crore in Q4 FY26.
Segment-Wise Revenue Comparison of Polycab India
Wires and Cables: The company’s revenue from this segment stood at Rs. 7,201.79 crore in Q1 of FY27, representing a YoY increase of 37.74% from company’s Q1 FY26 revenue of Rs. 5,228.65 crore.
The company mentioned in its Q1 FY27 investor presentation that growth in the wires and cables segment was driven by ‘resilient demand and higher commodity prices’.
FMEG: This segment of the company earned a revenue of Rs. 761.15 crore during Q1 of FY27, which is 67.57% higher YoY than Rs. 454.23 crore revenue during Q1 of FY26.
As per Polycab India’s investor presentation, ‘growth momentum remained robust across all product categories. Solar products continued to be the standout performer… retaining its position as the largest growth driver within the FMEG portfolio’.
EPC: During Q1 of FY27, the company reported Rs. 307.74 crore as revenue from its EPC segment against Rs. 347.41 crore earned during Q1 of FY26. This shows a YoY decrease of 11.42%.
Management Insights on Polycab India’s Q1 FY27 Financial Performance
Commenting on the company’s Q1 FY27 financials, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said, “We have entered FY2027 with strong momentum, achieving our highest-ever first-quarter revenue and profit performance…Looking ahead, sustained government infrastructure investments and improving on-ground project implementation are expected to create significant growth opportunities. Supported by a strong financial position and ongoing investments… we are well-positioned to strengthen our market leadership and deliver sustainable, industry-leading growth over the long term”.
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.
