Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Submission of transcript of earnings conference call held on January 19,202425-01-2024
Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Submission of transcript of earnings conference call held on January 19,2024Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity shares pursuant to Employee stock option scheme 2018Buy Polycab India; target of Rs 6021: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 6021 in its research report dated January 21, 2024.Buy Polycab India; target of Rs 5510: Sharekhan
Sharekhan is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 5510 in its research report dated January 19, 2024.Polycab Q3 Results Review - Strong Volume Growth In Cable and Wire; Fmcg Disappoints: Dolat Capital
To address the underwhelming performance in Fmcg, the segment will undergo internal restructuring, and is expected to stabilize in next three-four quarters.Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Submission of Audio recordings for the earnings call held on 19.01.2024Polycab India Ltd - 542652 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under regulation 74(5) of SEBI (DP) Regulations, 2018Polycab India Results Earnings Call for Q3FY24
Conference Call with Polycab India Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.Q3FY24 Quarterly Result Announced for Polycab India Ltd.
Electrical Equipment/Products company Polycab India announced Q3FY24 & 9MFY24 results: Financial Performance - Total revenue for 9MFY24 reached Rs 1,24,475 million, marking a significant 27% growth compared to the same period last year. - EBITDA for 9MFY24 rose to Rs 17,303 million, reflecting a noteworthy increase of 40% YoY. - Profit After Tax (PAT) went up by 46% to Rs 12,494 million in the 9MFY24. - Q3FY24 revenue stood at Rs 43,405 million, up by 17% YoY. - Q3 EBITDA and PAT saw increments of 13% and 15%, respectively, with PAT amounting to Rs 4,165 million. Business Segments - Wires & Cables business observed an 18% YoY revenue growth in Q3 and 29% over 9MFY24, facilitated by strong volume growth. - The FMEG sector experienced a decline of 15% in revenue during Q3 due to weaker consumer demand, with a slight 2% de-growth over 9 months. Operational Highlights - A unified Business Unit Head has been appointed to oversee the merger of the FMEG and Power businesses. - International business contributed to 6.2% of the consolidated revenue for the quarter, with expectations of robust performance in the subsequent quarters. Profitability and Cash Position - Q3FY24 reported PAT margin of 9.6%. - Net cash position saw improvement, reaching Rs 18.4 billion on December 31, 2023, from Rs 15.3 billion in the previous quarter. - In 9MFY24, there was an improvement in margins by approximately 120 bps to 13.9%, and PAT margins enhanced by about 130 bps to 10%. Commenting on the performance, Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said: "Our robust business momentum continued in the third quarter, leading to highest-ever quarterly revenues in the history of the Company. Nine-monthly revenues and profitability too created newer highs. This outstanding success is a testament to our resilient business model, characterized by robust operational efficiency, a diverse and innovative product portfolio, and the robustness of our extensive distribution network that effectively caters to diverse market segments. With a keen eye on emerging trends, Polycab aims to continue its upward trajectory, creating long-term value for our stakeholders." Result PDFPolycab India Ltd - 542652 - Unaudited (Standalone And Consolidated) Financial Results For The Quarter Ended 31.12.2023
Unaudited (Standalone and Consolidated) Financial Results for the quarter ended 31.12.2023