Polycab India's Q2 is robust even as competition heats up
New Delhi, Oct. 16 -- Polycab India's consolidated revenue for the September quarter (Q2FY27) rose 53% year-on-year to nearly Rs.10,000 crore, driven by robust demand across segments.
Ebitda rose at a slower pace, by about 40%, to Rs.1,422 crore, driven by a sharp 60% increase in raw material costs due to the surge in copper prices. Ebitda margin contracted 140 basis points (bps) year-on-year to 14.2%, and it improved by about 60 bps sequentially, driven by operational efficiency and favourable product mix.
Consequently, for H1FY27, revenue increased by 46% to Rs.18,100 crore, while Ebitda rose 36% to Rs.2,560 crore.
Despite robust demand, driven by investment in infrastructure and electrification, Polycab faces intensifying comp...
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