Polycab India Q2 FY27 Consolidated Revenue Up 53% YoY to ₹98,989 Million
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Oct 2026, 01:58 PM IST · BSE ID: 71e9eb0f-581f-462a-b7e6-8b3c2f5556e7
View Original BSE Filing (PDF)
💡
In Simple Terms
Polycab India reported significant revenue growth of 53% and a 43% increase in net profit for the September 2026 quarter.
🤖 AI Summary
- Polycab India's Q2 FY27 consolidated revenue from operations increased 53% YoY to ₹98,989 Million.
- Consolidated Net Profit (PAT) for Q2 FY27 rose 43% YoY to ₹9,900 Million, with PAT margin at 10.0%.
- Wires & Cables business delivered 47% YoY growth, and FMEG segment revenue more than doubled YoY to ₹9,931 Million.
- EBITDA grew 39% YoY for the quarter, supported by healthy margins and improved operational efficiency.
- International business grew 17% YoY in Q2 FY27, contributing 5.0% to the company's consolidated revenue.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue from Operations (Q2 FY27)
₹98,989 Million
53%
Consolidated Net Profit (PAT) (Q2 FY27)
₹9,900 Million
43%
Wires & Cables Revenue Growth (Q2 FY27)
47% YoY
47%
FMEG Revenue (Q2 FY27)
₹9,931 Million
more than doubled YoY
Consolidated EBITDA Growth (Q2 FY27)
39% YoY
39%
International Business Growth (Q2 FY27)
17% YoY
17%
PAT Margin (Q2 FY27)
10.0%
EPC Segment Revenue Growth (Q2 FY27)
53% YoY
53%
🏢 How This Affects the Company
The company demonstrated strong revenue growth across all segments, with the Wires & Cables business growing 47% YoY and the FMEG business more than doubling its revenue YoY. The international business also grew 17% YoY, expanding its contribution to consolidated revenue.
Consolidated PAT increased 43% YoY to ₹9,900 Million, with a PAT margin of 10.0%, indicating improved profitability. EBITDA also grew 39% YoY, reflecting healthy margins and operational efficiency.
The Wires & Cables business saw improved margins by approximately 90 bps QoQ to 14.2%, driven by operational efficiencies and a favorable business mix. The FMEG business achieved a record EBIT margin of 10.1%, underscoring sustained progress in profitability.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this earnings presentation.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, with the Q2 FY27 results showing increased profitability reflected in a consolidated PAT of ₹9,900 Million.
🔍
Management Signal
The management's focus on operational efficiency and a favorable business mix is evidenced by improved margins in the Wires & Cables and FMEG segments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for sustained revenue and profit growth.
Updates on Wires & Cables and FMEG segment margins — monitor for continued improvement.
EPC order book status — assess new project announcements and execution.
LOW RISK
No new significant risks were disclosed in the earnings presentation.
💡 Investor Takeaway
Polycab India's Q2 FY27 consolidated revenue increased 53% YoY to ₹98,989 Million, with net profit rising 43% YoY to ₹9,900 Million. The Wires & Cables and FMEG segments demonstrated significant growth, contributing to a 10.0% PAT margin for the quarter.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated Revenue from Operations for Q2 FY27 increased 53% YoY to ₹98,989 Million, indicating strong market demand and execution.
- Consolidated PAT for Q2 FY27 grew 43% YoY to ₹9,900 Million, achieving a PAT margin of 10.0%.
⚠️ Concerns
- EPC segment EBITDA declined by 39% YoY for the quarter, attributed to a one-off gain in the prior year's comparable period.
- Exports Contribution decreased to 5.0% in Q2 FY27 from 6.5% in Q2 FY26, despite 17% YoY growth in international business.
📅 Company Track Record
Polycab India's Q1 FY27 consolidated net profit rose 32.84% to ₹7,966.54 Million, following a 42.88% increase in net profit to ₹9,899.97 Million in Q2 FY26 (as per past filings). This latest Q2 FY27 filing continues a trend of strong year-on-year profit growth.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Polycab India's consolidated revenue from operations in Q2 FY27?
Polycab India reported a consolidated revenue from operations of ₹98,989 Million for Q2 FY27, marking a 53% increase YoY.
What was Polycab India's consolidated net profit (PAT) for Q2 FY27?
The consolidated net profit (PAT) for Polycab India in Q2 FY27 was ₹9,900 Million, which is a 43% increase compared to the previous year.
How did the Wires & Cables business perform in Q2 FY27 for Polycab India?
The Wires & Cables business of Polycab India delivered a strong performance, registering 47% YoY growth during Q2 FY27.
What was the revenue of the FMEG business for Polycab India in Q2 FY27?
The FMEG business achieved an all-time high quarterly revenue of ₹9,931 Million in Q2 FY27, more than doubling YoY.
What was Polycab India's EBITDA growth in Q2 FY27?
Polycab India's consolidated EBITDA grew by 39% YoY during Q2 FY27.
Questions based on this BSE filing only. For information purposes.