Mumbai: India’s leading electrical cable manufacturer, Polycab India Limited, has seen a blockbuster 32% rise in net profit to hit ₹2,708 crore, with the sustained real estate demand boosting revenues. This is reflected in the company’s market share, which has surged from about 18% in FY2018-19 to about 30-31% in FY2025-26. Polycab has also benefited from the increasing preference of sustainable electrical infrastructure, as the company scales its presence in the Fast Moving Electrical Goods (FMEG) segment.
Polycab has also been working to enhance its manufacturing facilities through its Project Spring initiative, where the company is working to redefine its cables and wires portfolio, which is already over 10,000 SKUs strong. Besides the FMEG segment, Polycab is actively working to execute state-of-the-art turnkey power and underground cabling projects through its Engineering, Procurement and Construction (EPC) division, where it already has a strong ₹ 11,300 crore order book.
For the financial year, the company has proposed a final dividend of ₹47 per share.
“FY 2025–26 was a year of sustained momentum for Polycab. We continued to build on the leadership position established over the years, supported by a strong product portfolio, resilient operations and a deeply entrenched market presence.
The International business remains an important pillar of our long-term growth agenda. During the year, we continued to deepen our presence across overseas markets through a calibrated approach focused on market development, customer engagement and product approvals. We expanded our reach across 10 new geographies taking our total geographical reach to 94 countries, while continuing to secure approvals and certifications that are essential for scaling sustainably. Our approach remains focused on building a profitable and resilient international franchise that complements the strength of our domestic leadership and supports our broader ambition of emerging as a meaningful global player over time.
Overall, our performance during the year reflected sustained leadership, strong execution, prudent capital allocation and a continued focus on sustainable value creation,” Inder T. Jaisinghani, Chairman, Polycab India said in a press release.
Annual Performance Highlights
| Financial Metric | Full Year FY 2024-25 (FY25) | Full Year FY 2025-26 (FY26) | Year-on-Year (YoY) Growth % | Summary |
| Consolidated Revenue | ₹22,408 Crore | ₹28,884 Crore | 29.00% | Surpassed the ₹285 billion milestone for the first time ever, driven by core wire shipments and retail distribution. |
| Consolidated Net Profit (PAT) | ₹2,046 Crore | ₹2,708 Crore | 32.35% | Reached its highest-ever annual profitability milestone due to operational efficiency and high domestic volume execution. |
| EBITDA Margin | 13.20% | 13.90% | — | Remained comfortably within management’s guided target band of 12% to 14%. |
| Proposed Final Dividend | — | ₹47 / Share | — | The Board recommended a high final payout representing 470% of the equity share face value. |
| Net Cash War Chest | ₹2,460 Crore | ₹4,190 Crore | 70.32% | Significantly strengthened its balance sheet liquidity to fund upcoming factory capacity expansions. |
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
