Polycab India Ltd announced Q2FY27 revenue of ₹9,898 crore, a 53% year‑on‑year increase from ₹6,467 crore in the same period last year. The company’s shares fell 2% on Thursday, 15 October, following the earnings release. Growth was driven primarily by the wires and cable segment, supported by strong domestic infrastructure spending and efficient execution across its business lines.

Operating profit, measured as EBITDA, rose 62% year‑on‑year to ₹1,420 crore from ₹867 crore in the same quarter last year. The consolidated EBITDA margin expanded by 53 basis points sequentially to 14.4%, reflecting higher profitability across Polycab’s segments, particularly the wires and cables business.

Net profit for the quarter jumped 49% year‑on‑year to ₹989 crore, up from ₹692 crore in the same period last year. This figure, reported for Q2FY27, highlights the company’s ability to convert revenue growth into earnings, reinforcing investor confidence in its financial performance.

Segmental performance showed the wires & cables division delivering a 47% year‑on‑year revenue jump for the quarter ended September 2026. The domestic sub‑segment grew 50% YoY, led by strong infrastructure demand and execution capabilities, while the international sub‑segment achieved 17% YoY growth. The FMEG segment posted 124% YoY growth, with the solar sub‑segment leading the category and reaching an all‑time high EBIT margin of 10.1%. EPC business also grew 53% YoY, supported by a healthy order book.

Chairman and Managing Director Inder T. Jaisinghani said, "Q2 FY27 marked another quarter of strong execution and meaningful progress for Polycab. We delivered our highest‑ever second quarter and half‑yearly revenue and profitability, reflecting the strength of our market position, the robust performance of our Wires & Cables business, and the continued strengthening of our FMEG business." Polycab India shares have delivered steady performance in 2026 on a year‑to‑date basis at 6.09% and similar performance on a trailing twelve‑month basis.