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  5. Polycab India Q2 earnings: Net profit jumps 49% to ₹989 crore, revenue rises 53%; shares fail

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Polycab India Q2 earnings: Net profit jumps 49% to ₹989 crore, revenue rises 53%; shares fail

image Rohan Takalkar
By Rohan Takalkar

3 min read | Updated on October 15, 2026, 14:18 IST

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SUMMARY

The Q2FY27 revenue for the quarter jumped 53% year-on-year (YoY) to ₹9,898 crore as compared to ₹6,467 crore in the same period last year.

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POLYCAB
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Major companies like Polycab, RR Kabel, among others recorded strong revenue and profit growth in Q1 earnings. | Image: Shutterstock

Shares of Polycab India fell 2% after announcing its quarterly earnings report. | Image: Shutterstock

Shares of Polycab India Ltd fell 2% on Thursday, October 15, after announcing its quarterly earnings report. The company’s revenue for the quarter jumped in high double digits. The wires and cable segment drove the primary growth, fuelled by healthy domestic infrastructure spending.

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The Q2FY27 revenue for the quarter jumped 53% year-on-year (YoY) to ₹9,898 crore as compared to ₹6,467 crore in the same period last year. Strong execution and sustained demand across segments led to a strong rise in the revenue for the quarter.

Similarly, the operating profit for the quarter or EBITDA (earnings before interest taxes, depreciation and amortisation) jumped 62% YoY to ₹1,420 crore as compared to ₹867 crore in the same period last year. The consolidated EBITDA margin expanded by 53 bps sequentially to 14.4%

Lastly, the net profit for the quarter jumped 43% YoY to ₹990 crore for Q1FY27 as compared to ₹692 crore in the same period last year.

Segmental performance

Wires & Cables: The flagship wires and cables segment delivered a strong 47% YoY jump in the revenue for the quarter ended September, 2026.The domestic segment grew 50% YoY led by strong infrastructure and strong execution capabilities. In addition, despite the grim global scenario, the company achieved 17% YoY growth in revenue from the international segment.
FMEG: Besides the major wires and cables segment, the FMEG segment delivered 124%YoY growth for the quarter ended September, 2026. The solar segment delivered segment leading performance for the quarter with Mukti fold expansion in the category. In addition, the category also crossed double digit EBIT margin for the first time, reaching an all time high of 10.1%.
EPC: The EPC business also continues to draw significant traction, delivering 53% YoY revenue growth, led by healthy orderbook and well positioned business to address the growth.

“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,” said Inder T. Jaisinghani, Chairman and Managing Director, Polycab India.

Polycab India share price performance

Polycab India shares have delivered steady performance in 2026 on a year-till-date (YTD) basis at 6.09% and similar performance on a trailing twelve-month basis as well.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

image Rohan Takalkar
Rohan Takalkar is a senior writer at Upstox and a seasoned capital markets analyst with over 10 years of experience. He is passionate about writing on equities, global markets, and the economy.

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