Q1FY24 Quarterly Result Announced for Polycab India Ltd.
Other Electrical Equipment/Products company Polycab India announced Q1FY24 results: Revenue at Rs 38,894 million; up 42% YoY EBITDA at Rs 5,486 million; up 77% YoY PAT at Rs 4,028 million; up 81% YoY Commenting on the performance, Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said: “We have commenced the financial year exceptionally well, registering our best-ever first quarterly revenues and profitability. The government's strategic focus on infrastructure development and structural reforms, improving private capex and continued momentum in real estate has further fuelled our success, yielding us favourable results. The improved growth momentum is also a result of a combination of strategic initiatives implemented through Project LEAP, along with our unwavering dedication to customer-centricity, a diverse array of high-quality products, and a robust distribution network. Our outstanding quarterly performance serves as a testament to the robustness of our business model.” Result PDF18-07-2023
