Polycab India Limited — Quarter and year ended 31 March 2026
Optional commentary: Consolidated and standalone financial results are presented in ₹ million (except EPS). The quarter ended 31 March 2026 is the balancing figure between audited full-year and unaudited year-to-date figures up to the third quarter.
| Sr. No. | Particulars | Quarter ended 31 Mar 26 | Quarter ended 31 Dec 25 | Quarter ended 31 Mar 25 | Year ended 31 Mar 26 | Year ended 31 Mar 25 |
|---|---|---|---|---|---|---|
| Audited (Refer note (vii)) | Unaudited | Audited (Refer note (vii)) | Audited | Audited | ||
| 1) Income | ||||||
| (a) | Revenue from operations | 88,644.77 | 76,361.28 | 69,857.98 | 2,88,837.92 | 2,24,083.13 |
| (b) | Other income | 604.18 | 504.56 | 480.70 | 2,362.52 | 2,076.36 |
| Total income | 89,248.95 | 76,865.84 | 70,338.68 | 2,91,200.44 | 2,26,159.49 | |
| 2) Expenses | ||||||
| (a) | Cost of materials consumed | 59,620.63 | 56,551.39 | 43,987.71 | 2,06,156.67 | 1,54,173.73 |
| (b) | Purchases of stock-in-trade | 3,591.85 | 1,072.68 | 1,192.61 | 7,314.54 | 6,076.37 |
| (c) | Changes in inventories of finished goods, stock-in-trade and work-in-progress | 1,346.97 | (2,343.02) | 2,955.62 | (7,601.62) | (4,518.64) |
| (d) | Project bought outs and subcontracting cost | 3,308.04 | 2,270.84 | 3,917.06 | 9,946.38 | 12,568.87 |
| (A) | Total material cost (a to d) | 67,867.49 | 57,551.89 | 52,053.00 | 2,15,815.97 | 1,68,300.33 |
| (e) | Employee benefits expense | 1,931.02 | 2,369.64 | 2,036.41 | 8,794.24 | 7,367.26 |
| (f) | Finance costs | 746.41 | 687.34 | 325.38 | 2,430.36 | 1,689.28 |
| (g) | Depreciation and amortisation expense | 977.95 | 1,055.95 | 803.63 | 3,858.69 | 2,981.03 |
| (h) | Advertisement and sales promotion expense | 519.84 | 910.15 | 1,902.26 | 1,209.38 | |
| (i) | Freight and forwarding expense | 1,339.93 | 1,252.83 | 1,113.74 | 4,639.98 | 3,746.70 |
| (j) | Other expenses | 5,373.43 | 4,616.05 | 4,114.42 | 17,628.19 | 13,857.06 |
| (B) | Total expenses other than material cost (e to j) | 10,888.58 | 10,891.96 | 8,680.11 | 39,253.72 | 30,850.71 |
| Total expenses (A+B) | 78,756.07 | 68,443.85 | 60,733.11 | 2,55,069.69 | 1,99,151.04 | |
| 3) | Profit before share of profit / (loss) of joint venture (1-2) | 10,492.88 | 8,421.99 | 9,605.57 | 36,130.75 | 27,008.45 |
| 4) | Share of Profit/ (loss) of joint venture (net of tax) | – | – | – | – | – |
| 5) | Profit before tax (3+4) | 10,492.88 | 8,421.99 | 9,605.57 | 36,130.75 | 27,008.45 |
| 6) Tax expenses | ||||||
| (a) | Current tax | 2,867.27 | 2,317.84 | 2,112.06 | 9,390.58 | 6,154.98 |
| (b) | Deferred tax charge | (230.43) | (197.53) | 149.89 | (344.10) | 398.10 |
| Total tax expenses | 2,636.84 | 2,120.31 | 2,261.95 | 9,046.48 | 6,553.08 | |
| 7) | Profit for the period (5-6) | 7,856.04 | 6,301.68 | 7,343.62 | 27,084.27 | 20,455.37 |
| 8) Other comprehensive income | ||||||
| Items that will not be reclassified to profit or loss | 111.46 | (11.17) | (8.55) | (30.12) | (91.88) | |
| Income tax relating to items that will not be reclassified to profit or loss | (27.94) | 2.82 | 2.12 | 7.61 | 23.07 | |
| Items that will be reclassified to profit or loss | 22.76 | 20.15 | 37.16 | 23.40 | (6.31) | |
| Income tax relating to items that will be reclassified to profit or loss | 9.04 | (5.57) | 5.42 | (5.42) | 5.42 | |
| Other comprehensive income / (losses) (net of tax) | 115.32 | 6.23 | 36.15 | (4.53) | (69.70) | |
| 9) | Total comprehensive income for the period (net of tax) (7+8) | 7,971.36 | 6,307.91 | 7,379.77 | 27,079.74 | 20,385.67 |
| Profit for the period attributable to: | ||||||
| Equity shareholders of parent company | 7,727.66 | 6,216.90 | 7,266.68 | 26,720.33 | 20,199.90 | |
| Non controlling interests | 128.38 | 84.78 | 76.94 | 363.94 | 255.47 |
| Sr. No. | Particulars | Quarter ended 31 Mar 26 Audited (Refer note vii) | Quarter ended 31 Dec 25 Unaudited | Quarter ended 31 Mar 25 Audited (Refer note vii) | Year ended 31 Mar 26 Audited | Year ended 31 Mar 25 Audited |
|---|---|---|---|---|---|---|
| 1) Segment Revenue | ||||||
| a) | Wires and Cables | 77,620.11 | 68,526.29 | 60,190.67 | 2,55,344.18 | 1,92,366.33 |
| b) | FMEG | 6,631.36 | 4,997.77 | 4,759.98 | 20,693.28 | 16,821.75 |
| c) | EPC | 5,097.96 | 4,068.97 | 6,028.34 | 16,664.96 | 19,192.39 |
| Total | 89,349.43 | 77,593.03 | 70,978.99 | 2,92,702.42 | 2,28,380.47 | |
| Less: Inter segment revenue | (598.34) | (1,233.15) | (1,057.92) | (3,555.37) | (3,771.63) | |
| Total Income (excluding finance income) | 88,751.09 | 76,359.88 | 69,921.07 | 2,89,147.05 | 2,24,608.84 | |
| 2) Segment results | ||||||
| a) | Wires and Cables | 10,179.99 | 8,325.96 | 9,090.40 | 34,781.17 | 26,203.17 |
| b) | FMEG | 292.30 | 138.64 | 19.15 | 548.38 | (389.26) |
| c) | EPC | 386.37 | 271.84 | 564.02 | 1,655.50 | 1,806.40 |
| Total | 10,858.66 | 8,736.44 | 9,673.57 | 36,985.05 | 27,620.31 | |
| Less: Inter segment results | (117.23) | (133.07) | (160.23) | (477.33) | (473.23) | |
| Total | 10,741.43 | 8,603.37 | 9,513.34 | 36,507.72 | 27,147.08 | |
| Un-allocated items: | ||||||
| a) | Financial income | 497.86 | 505.96 | 417.61 | 2,053.39 | 1,550.65 |
| b) | Finance costs | (746.41) | (687.34) | (325.38) | (2,430.36) | (1,689.28) |
| Profit before share of profit/(loss) of joint ventures | 10,492.88 | 8,421.99 | 9,605.57 | 36,130.75 | 27,008.45 | |
| Share of profit/(loss) of joint ventures (net of tax) | – | – | – | – | – | |
| Profit before tax | 10,492.88 | 8,421.99 | 9,605.57 | 36,130.75 | 27,008.45 | |
| 3) Segment Assets | ||||||
| a) | Wires and Cables | 1,15,450.84 | 1,15,834.50 | 80,001.30 | 1,15,450.84 | 80,001.30 |
| b) | FMEG | 9,514.33 | 9,310.03 | 8,437.20 | 9,514.33 | 8,437.20 |
| c) | EPC | 27,186.75 | 23,251.98 | 17,235.42 | 27,186.75 | 17,235.42 |
| Total | 1,52,151.92 | 1,48,396.51 | 1,05,673.92 | 1,52,151.92 | 1,05,673.92 | |
| Un-allocated assets | 52,609.98 | 41,573.26 | 32,083.74 | 52,609.98 | 32,083.74 | |
| Investment accounted for using the equity method | – | – | – | – | – | |
| Total assets | 2,04,761.90 | 1,89,969.77 | 1,37,757.66 | 2,04,761.90 | 1,37,757.66 | |
| 4) Segment Liabilities | ||||||
| a) | Wires and Cables | 53,834.54 | 48,938.08 | 22,513.95 | 53,834.54 | 22,513.95 |
| b) | FMEG | 5,188.44 | 3,165.96 | 3,650.55 | 5,188.44 | 3,650.55 |
| c) | EPC | 13,323.24 | 11,223.04 | 5,180.31 | 13,323.24 | 5,180.31 |
| Total | 72,346.22 | 63,327.08 | 31,344.81 | 72,346.22 | 31,344.81 | |
| Un-allocated liabilities and provisions | 11,147.99 | 13,385.44 | 7,314.61 | 11,147.99 | 7,314.61 | |
| Total liabilities | 83,494.21 | 76,712.52 | 38,659.42 | 83,494.21 | 38,659.42 |
| Particulars | As at 31 Mar 26 Audited | As at 31 Mar 25 Audited (Restated) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 35,050.71 | 27,913.26 |
| Capital work-in-progress | 11,392.59 | 7,081.44 |
| Investment property under construction | 883.02 | 790.08 |
| Right of use assets | 1,426.27 | 1,309.71 |
| Goodwill | – | – |
| Other intangible assets | 40.97 | 98.45 |
| Investments accounted for using the equity method | – | – |
| Financial assets | ||
| (a) Trade receivables | 4,477.84 | 2,994.38 |
| (b) Other financial assets | 571.94 | 712.41 |
| Non-current tax assets (net) | 558.74 | 503.73 |
| Deferred tax assets (net) | 116.02 | 270.70 |
| Other non-current assets | 3,638.74 | 2,893.54 |
| Total Non-Current Assets | 58,156.84 | 44,567.70 |
| Current assets | ||
| Inventories (includes Goods in transit ₹ 2,702.99 million (31 March 2025 : ₹ 2,885.11 million)) | 55,595.98 | 36,613.00 |
| Financial assets | ||
| (a) Investments | 34,048.23 | 17,490.42 |
| (b) Trade receivables | 37,585.04 | 25,962.68 |
| (c) Cash and cash equivalents | 3,903.43 | 2,173.87 |
| (d) Bank balance other than cash and cash equivalents | 4,921.27 | 5,532.49 |
| (e) Loans | 112.31 | 111.00 |
| (f) Other financial assets | 2,632.57 | 1,147.49 |
| Other current assets | 7,780.05 | 4,159.01 |
| Total Current Assets | 1,46,578.88 | 93,189.96 |
| Non-current assets classified as held for sale | 26.18 | – |
| Total Assets | 2,04,761.90 | 1,37,757.66 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital (Refer note (i)) | 1,505.51 | 1,504.26 |
| Other equity | 1,18,580.25 | 96,776.29 |
| 1,20,085.76 | 98,280.55 | |
| Non-controlling interests | 1,181.93 | 817.69 |
| 1,21,267.69 | 99,098.24 | |
| Liabilities | ||
| Non-current liabilities: | ||
| Financial liabilities | ||
| (a) Borrowings | 392.67 | 419.40 |
| (b) Lease liabilities | 803.72 | 709.34 |
| (c) Other financial liabilities | 51.70 | 105.03 |
| Provisions | 563.98 | 413.15 |
| Deferred tax liabilities (net) | 524.06 | 1,025.03 |
| Other non-current liabilities | 1,505.64 | 886.01 |
| Total Non-Current liabilities | 3,841.77 | 3,557.96 |
| Current liabilities: | ||
| Financial liabilities | ||
| (a) Borrowings | 932.23 | 670.64 |
| (b) Lease liabilities | 226.55 | 224. |