Date: July 16, 2026

Financial Results (Consolidated)

Quarterly Performance (Q1 FY27 vs Q1 FY26)

  • Revenue from operations: ₹82,097.32 million (39% increase from ₹59,059.76 million)
  • Profit before tax: ₹10,582.23 million (32% increase from ₹8,005.87 million)
  • Net profit: ₹7,966.54 million (33% increase from ₹5,996.96 million)
  • Basic EPS: ₹52.09 (increased from ₹39.36)
  • Diluted EPS: ₹51.94 (increased from ₹39.21)

Segment-wise Revenue (Q1 FY27)

  • Wires & Cables: ₹71,470.59 million (41% increase YoY)
  • FMEG: ₹7,611.53 million (68% increase YoY)
  • EPC: ₹2,955.47 million (14% decrease YoY)

Balance Sheet Highlights (as of June 30, 2026)

  • Total assets: ₹214,498.74 million (increased from ₹204,761.90 million)
  • Total equity: ₹122,315.11 million (increased from ₹121,267.69 million)
  • Inventories: ₹62,043.71 million (increased from ₹55,595.98 million)
  • Trade receivables: ₹37,780.73 million (decreased from ₹42,062.88 million)
  • Cash and cash equivalents: ₹1,092.16 million (decreased from ₹3,903.43 million)
  • Borrowings: ₹1,051.68 million (decreased from ₹1,324.90 million)

Cash Flow Statement (Q1 FY27)

  • Net cash from operating activities: ₹8,186.11 million
  • Net cash used in investing activities: ₹2,821.04 million
  • Net cash used in financing activities: ₹8,163.29 million

Dividend Declaration

  • Final dividend of ₹47 per equity share declared
  • Total dividend payment: ₹7,079.85 million
  • Paid on June 30, 2026
  • Record date not specified in document

Board Meeting Outcomes

  • Board meeting held on July 16, 2026
  • Approved unaudited financial results for quarter ended June 30, 2026
  • No other material decisions mentioned

Subsidiaries and Joint Ventures

The company has 9 subsidiaries and 1 joint venture:

1. Dowells Cable Accessories Private Limited (Subsidiary)

2. Tirupati Reels Private Limited (Subsidiary)

3. Steel Matrix Private Limited (Subsidiary)

4. Polycab USA LLC (Subsidiary)

5. Polycab Australia Pty Limited (Subsidiary)

6. Polycab Electricals & Electronics Private Limited (Subsidiary)

7. Polycab Support Force Private Limited (Subsidiary)

8. Polycon Infra Projects Private Limited (Subsidiary)

9. Techno Electromech Private Limited (Joint Venture)

Related Party Transactions

  • Transactions with subsidiaries and joint ventures amounting to ₹1,049.15 million
  • Remuneration to key management personnel: ₹142.46 million for executive directors
  • Donation to Polycab Social Welfare Foundation: ₹69.30 million

Contingent Liabilities

  • Tax matters: ₹52.56 million in disputed liabilities
  • Customs duty on capital goods: ₹588.45 million (EPCG scheme obligations)
  • Customs duty on raw materials: ₹309.68 million (Advance License obligations)

Other Operational Highlights

  • Capital work in progress: ₹14,219.10 million
  • Investments in mutual funds: ₹35,441.17 million
  • Acceptances (LC facilities): ₹51,407.66 million
  • Supplier finance arrangements: ₹43,156.52 million utilized

Risk Management

  • Company exposed to commodity price risk (copper, aluminum)
  • Uses derivative instruments for hedging
  • Foreign currency exposure primarily in USD and EUR

Events After Reporting Period

  • No significant adjusting events occurred between June 30, 2026 and July 16, 2026

Tax Matters

  • Income tax demand of ₹525.63 million for AY 2014-15 to 2023-24 reduced to Nil by CIT(A)
  • Income Tax Department appeal dismissed by ITAT
  • Appeal filed against income tax demand of ₹107.78 million for AY 2024-25