Polycab India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 18, 2024 at 04:34 am EST
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Polycab India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 43,404.7 million compared to INR 37,151.82 million a year ago. Revenue was INR 44,114.57 million compared to INR 37,548.62 million a year ago. Net income was INR 4,128.5 million compared to INR 3,578.82 million a year ago. Basic earnings per share from continuing operations was INR 27.5 compared to INR 23.91 a year ago. Diluted earnings per share from continuing operations was INR 27.4 compared to INR 23.83 a year ago.
For the nine months, sales was INR 124,475.49 million compared to INR 97,840.97 million a year ago. Revenue was INR 126,145.86 million compared to INR 98,659.08 million a year ago. Net income was INR 12,380.41 million compared to INR 8,457.49 million a year ago. Basic earnings per share from continuing operations was INR 82.56 compared to INR 56.53 a year ago. Diluted earnings per share from continuing operations was INR 82.23 compared to INR 56.35 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 
