Polycab India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 18, 2023 at 04:43 am EDT
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Polycab India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 42,176.97 million compared to INR 33,323.58 million a year ago. Revenue was INR 42,530.19 million compared to INR 33,301.42 million a year ago. Net income was INR 4,255.68 million compared to INR 2,679.68 million a year ago. Basic earnings per share from continuing operations was INR 28.38 compared to INR 17.91 a year ago. Diluted earnings per share from continuing operations was INR 28.26 compared to INR 17.85 a year ago.
For the six months, sales was INR 81,070.79 million compared to INR 60,689.15 million a year ago. Revenue was INR 82,063.99 million compared to INR 61,110.46 million a year ago. Net income was INR 8,251.91 million compared to INR 4,878.67 million a year ago. Basic earnings per share from continuing operations was INR 55.06 compared to INR 32.62 a year ago. Diluted earnings per share from continuing operations was INR 54.86 compared to INR 32.51 a year ago.
Polycab India Limited is a manufacturer of wires and cables. The Company is engaged in fast-moving electrical goods (FMEG). The Company operates through three segments: Wires and cables, FMEG and Other. Wire and Cable segment is engaged in the manufacturing and selling of wires and cables. Fast-moving electrical goods (FMEG) segment is engaged in fans, light-emitting diode (LED) lighting and luminaires, switches, switchgear, solar products, pumps, conduits, and domestic appliances. Others segment is comprised of the engineering, procurement, and construction (EPC) business, which includes design, engineering, supply of materials, survey, execution and commissioning of power distribution, rural electrification projects on a trunky basis. It is also in the business of engineering, procurement, and construction (EPC) projects. The Company owns approximately 25 manufacturing facilities, located across the states of Gujarat, Maharashtra, Uttarakhand, and the union territory of Daman.
POLYCAB INDIA LIMITED 
