Polycab India Q4 Results: Profit Rises 7% to ₹786 Crore; Company Declares ₹47/Share Dividend

Polycab India saw a sharp rise of over 6% in the opening session on May 7, after posting impressive March quarter results backed by healthy revenue expansion.

Its share price rose 5.64% to ₹8,893 on the NSE, having touched an intra-day high of ₹8,940. The latter figure was also a 52-week high for the scrip, which witnessed decent volume trading during the early session.

Polycab India Q4 Revenue Jumps 27%

Electricals Company reported its consolidated sales of ₹8,865 crore for the quarter ended March 31, 2026, which grew by 27% YoY compared to the same quarter of the previous year.

Net profit grew by 7% YoY to ₹786 crore for the quarter. EBITDA saw an increase of 13% YoY to ₹1,161 crore, and its EBITDA margin came in at 13.1%.

According to the management, execution within core business units drove their results for the quarter.

Wires And Cables Business Drives Growth

“Polycab’s wires and cables, which continue to be its biggest source of revenues, grew 30% YoY in the quarter.

The company noted that the growth in the segment came on the back of strong domestic demand and execution. In terms of wires versus cables, the latter grew better.”

FMEG Segment Posts Strong Performance

The electrical appliances business, which was a very fast-growing business, saw sales grow by 47% YoY.

The growth was quite wide-ranging with solar products driving much of the growth. According to the company’s report, sales for solar products grew by almost double.

EPC Business Declines

The Engineering Procurement Construction operation faced challenging times during the quarter.

Earnings from the EPC segment were down by 15% year over year, driven primarily by the cycle timing for project implementation. The EPC segment had an EBIT margin of 7.6%.

Margins Remain Within Guidance

According to Polycab, the EBITDA margin remained within the company’s guidance of 12-14 percent.

Nevertheless, the margin was affected by a negative business mix owing to a higher portion of institutional sales as well as operational leverage.

FY26 Becomes Best-Ever Annual Performance

Polycab announced its best performance ever in the fiscal year FY26.

Its revenues increased by 29% on a YoY basis to ₹28,884 crore. Profit Before Tax increased by 35% to ₹4,006 crore, while its PAT increased by 32% to ₹2,708 crore. Its profit margin in FY26 was 9.4%.

Board Recommends ₹47 Dividend

The board of directors has recommended a dividend of ₹47 per share for FY26.

Strong Balance Sheet Position

According to Polycab's financial statements as on the month-end of March, it had a cash balance of ₹4,190 crore, an increase from ₹2,460 crore in the same period a year ago.

Moreover, Polycab informed that it had been able to maintain its market share growth in FY23 due to execution of its “Project Spring” strategy.