India’s Largest wires and cables company, with an expanding FMEG portfolio, is in focus with a 3.45 percent jump in share price after it reported a Rs. 6,447.54 Crore deal with BSNL for project implementation under BharatNet.
With a market capitalisation of Rs. 90,208 Crore, the stock of Polycab India opened at Rs. 6,249.85, up 3.45 percent from yesterday’s close, and the opening for the stock is also the day’s high for it. Additionally, the Yearly return for the stock is -16 percent, and the past 5-year return is an impressive 650 percent.
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The Company has announced that it has signed a significant agreement with Bharat Sanchar Nigam Limited (BSNL) to act as the Project Implementation Agency (PIA) under the Amended BharatNet Program.
The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet in Karnataka, Goa, and Puducherry (Package No. 4).
The total contract value is Rs. 6,447.54 crores (inclusive of GST), which comprises of Rs. 3,741.92 crores for capital expenditure, Rs. 2,245.15 crores for operational expenditure related to the newly constructed network, and Rs. 460.47 crores for the existing network. The execution timeline includes 3 years for construction and a 10-year maintenance period.
Polycab India Limited is one of India’s leading manufacturers of wires and cables and a fast-growing player in the electrical goods segment. Founded in 1964 and headquartered in Mumbai.
Polycab holds the largest market share in India’s wires and cables sector, with products used in power distribution, construction, infrastructure, and industrial applications.
In addition to cables, Polycab also offers a wide range of fast-moving electrical goods (FMEG) such as fans, lighting, switches, solar solutions, and home automation systems
The company reported a 24.92 percent YoY increase in revenue from Rs. 5,592 Crore in Q4FY24 to Rs. 6,986 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 33.67 percent in revenue from Rs. 5,226 Crore in the previous quarter.
Their Net profit saw an increase of 32.73 percent YoY from Rs. 553 Crore to Rs. 734 Crore for the same period. On a QoQ basis, the company reported an increase of 58.18 percent in Net profit from Rs. 464 Crore in the previous quarter.
Written By Abhishek Das
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