Polycab India Ltd. delivered exceptional Q1 FY27 results with profit jumping 33% year-on-year, demonstrating robust operational performance across its key business segments. The company achieved its highest-ever first-quarter revenue and profit performance, as reported by Chairman and Managing Director Inder T. Jaisinghani. The strong financial results come despite the stock experiencing a 4% decline following the earnings announcement, reflecting mixed market sentiment toward the results.
The Wires & Cables (W&C) business, Polycab's largest segment, reported 39% year-on-year revenue growth, led by a 43% rise in domestic sales on the back of healthy demand and strong execution under Project Spring. While the wires business outpaced cables, international revenue declined 13% year-on-year. The company maintains that its diversified global footprint and healthy order book provide strong growth visibility for future quarters.
The EPC business saw revenue decline 11% year-on-year due to project execution timing, but maintained an 11% EBIT margin, supported by a healthy order backlog and strong execution pipeline. Despite the revenue decline, the segment's margin performance demonstrates operational efficiency and the company's ability to maintain profitability even during challenging market conditions.
The company paid a final dividend of ₹47 per share, amounting to ₹7,079.85 million, after shareholder approval at its AGM on June 30, 2026. In the past six months, the stock has gained 25.12%, while it is up 16.29% so far in the current calendar year. Over the last three and five years, it has delivered returns of 128% and 361% respectively. The stock is currently trading with 3,054 contracts traded and ₹25,865.01 lakhs turnover, as per latest market data.
