Polycab India Limited has reported its financial results for the second quarter and the first half of the fiscal year 2025.
For the half-year ended September 30, 2024, the company achieved remarkable revenue of ₹1,01,965 million, marking a substantial increase of 26% compared to ₹81,071 million in the same period last year. This milestone represents the first time in the company’s history that half-year revenues have surpassed ₹100 billion.
In terms of profitability, Polycab recorded an EBITDA of ₹12,149 million for H1 FY25, reflecting a 5% year-on-year growth from ₹11,575 million in H1 FY24. The EBITDA margin stood at 11.9%, indicating a stable operational performance despite rising costs. Furthermore, the company’s Profit After Tax (PAT) increased by 2% year-on-year, reaching ₹8,468 million compared to ₹8,329 million in the previous year. The PAT margin for the half-year was reported at 8.3%, underscoring the company’s efficient management of its operations.
Looking specifically at Q2 FY25, Polycab’s revenue soared to ₹54,984 million, a 30% increase from the previous year. The EBITDA for the quarter was ₹6,316 million, up 4% year-on-year, while PAT also saw a 4% rise, reaching ₹4,452 million.
As of September 30, 2024, Polycab India maintained a robust net cash position of ₹24.3 billion, up from ₹15.3 billion in the same quarter of the previous year.
On October 18, 2024, Polycab India share price opened at ₹6,699.95, down from its previous close of ₹7,120.55. By 10:41 AM, the share price was trading at ₹6,957.25, reflecting a decrease of 2.29%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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