Polycab India Limited, one of the leading Indian companies engaged in business of wires, cables, and fast-moving electrical goods (FMEG) has announced its financial results for the quarter ended March 31, 2021.
Polycab’s Quarterly Financial Figures
Consolidated Financial Figures for Q4 FY21 v/s Q4 FY20
Polycab’s revenue grew sharply by 43% to Rs. 3,037 crore in Q4 FY 21 as compared to Rs. 2,129 crore in same quarter last year. Net profit of the company has also gone up by 32% to Rs. 282 crore in Q4 FY21 from Rs. 220 crore in Q4 FY20.
Consolidated Financial Figures of Q4 FY21 v/s Q3 FY21
Polycab’s revenue grew up by 9% in Q4 FY 21, up from Rs. 2,798 crore in Q3 FY 21. Net Profit grew 7% in Q4 FY 21 as compared to Rs. 263 crore from Q3FY21.
Polycab’s Performance for Year ended March 31, 2021
Polycab’s revenue grew up by 1% YOY at Rs. 8,926 crore in FY21 from Rs. 8,830 crore in FY20. Net Profit was up 16% YoY at Rs. 885 crore in FY21 from Rs. 765 crore in FY20
Polycab’s Financial Results Segment-Wise
Polycab’s Wires and Cables Business declined 3% YoY to Rs. 7,292 crore in FY21 from Rs. 7,519 crore in FY20. On the other hand, the Fast Moving Electrical Goods (FMEG) Business grew 24% YoY to Rs. 1,034 crore in FY21 from Rs. 835 crore in FY20
Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said “FY21 has been an extraordinary year marked by disruption, resilience, compassion, and transformation. Our endeavor to ensure safety of Polycabians and help the society at large remains untethered. Concurrently, we also ensured uninterrupted operations through agility and technology which helped us leverage the favorable market trends and report robust business performance in the fourth quarter”.
About the company: Polycab is a leading Indian wire, cable and FMEG company. Polycab has over 4,100 plus authorized dealers who in turn supply products to 165,000 plus retail outlets in India. Polycab has 4 regional offices, 50 warehouses and 16 local offices across India. Polycab owns 23 manufacturing facilities at different locations.