Cost pressures weigh on Polycab's Q2 performance
The company has had to absorb some costs in order to maintain growth momentum in a challenging and competitive environment and gain market share27-10-2021
27-10-2021
Hold Polycab India; target of Rs 2342: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Polycab India with a target price of Rs 2342 in its research report dated October 25, 2021.26-10-2021
Polycab India Ltd - 542652 - Submission Of Audio Recording Of Earnings Conference Call
Please be informed that the audio recording of the earnings conference call has been uploaded on Company's website.26-10-2021
Earnings Call for Q2FY22 of Polycab India
Conference Call with Polycab India Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.25-10-2021
Polycab India: Margin pressure mounts
Polycab India witnessed 48 percent year-on-year growth in revenues for JulySeptember, led by healthy pick-up in consumer sentiment post the second wave25-10-2021
Polycab India Ltd - 542652 - Un-Audited Interim Condensed (Standalone And Consolidated) Financial Statements For The Quarter And Half Year Ended 30Th September 2021.
With reference to the captioned subject, please find enclosed herewith the un-audited Interim Condensed (Standalone and Consolidated) Financial Statements of the Company, along with Review Reports for the quarter and half year ended 30th September 2021 as approved by the Board of Directors at its meeting held today i.e. 22nd October 2021.22-10-2021
Q2FY22 Quarterly Result Announced for Polycab India Ltd.
Highlights 1H FY22 Revenue at Rs. 50,093 mn; up 62% YoY 1H FY22 EBITDA at Rs. 4,397 mn; up 19% YoY Q2FY22 Revenue at Rs. 31,288 mn; up 48% YoY Q2FY22 EBITDA at Rs. 3,025 mn; down -3% YoY Q2FY22 PAT at Rs. 2,005 mn; down -9% YoY Revenue grew 48% YoY to Rs. 31,288 mn with broad based growth across segments and markets. Wires and cables business grew 46% on YoY basis to Rs. 25,481 mn in Q2FY22 from Rs. 17,408 mn in Q2FY21. Overall demand environment continued to stage a sequential recovery. Growth was broadly uniform across cables and wires. Domestic distribution driven business sustained its healthy growth momentum while Institutional business remained subdued. Exports business grew 12% YoY contributing 8% to overall revenue in Q2FY22. FMEG business grew 41% YoY to Rs. 3,429 mn in Q2FY22 from Rs. 2,440 mn in Q2FY21 underpinned by strategic interventions, distribution expansion and improving demand environment. Fans business was affected during the quarter on account of delayed monsoon. Lights, Switches, Conduit Pipes and Pumps business posted healthy growth while other businesses including Switchgears, Solar and Water heaters were about 2x on last years base. PBT declined 8% YoY to Rs. 2,663 mn in Q2FY22 from Rs. 2,880 mn in Q2FY21. PAT margin stood at 6.4% in Q2FY22. As of 30 September 2021, net cash position at Rs 8,773 mn was 27% higher than same period last year. Revenue grew 62% YoY to Rs. 50,093 mn enduring the impact of second wave. Wires and cables business grew 63% YoY to Rs. 41,343 mn in 1H FY22 from Rs. 25,343 mn in 1H FY21 led by improving demand environment and strong execution. FMEG business grew 40% YoY to Rs. 5,348 mn in 1H FY22 from Rs. 3,818 mn in 1H FY21 with healthy growth across product categories. PBT grew 11% YoY to Rs. 3,645 mn in 1H FY22 from Rs. 3,271 mn in 1H FY21 despite adverse operating leverage seen in first quarter. Reported PAT was down -19% YoY at Rs. 2,758 mn in 1H FY22 from Rs. 3,391 mn in 1H FY21 reflecting few one off gains in base period. PAT margin stood at 5.5%. Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “We had a healthy Q2. Robust sales growth was underpinned by market share gains across categories. Given the strengthening macroeconomic fundamentals, we see a massive opportunity to spread our wings across B2B as well as B2C categories by leveraging on our strong brand equity and increased consumers affinity for our products. Structural reforms focussed on infrastructure development augurs well for most of our product categories. We are also in the process of building Polycab of the future. A company with robust governance practices, top talent, a strong business model, a customer centric culture and a purpose to serve the communities. We will strive to continue the path of profitable and sustainable growth and contribute to the success of all our stakeholders.” Result PDF22-10-2021
Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Investor Presentation
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Corporate Presentation on the unaudited financial results of the Company for the quarter and half year ended 30th September 2021.22-10-2021
Polycab India Ltd - 542652 - Earnings Call Presentation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Earnings Call Presentation on the unaudited financial results of the Company for the quarter and half year ended 30th September 2021.22-10-2021
Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on the Un-audited Financial Results of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI (LODR) Regulations, 2015').22-10-2021