Market Leader stock engaged in the business of manufacturing cables, wires, fast-moving electrical goods, allied products and many more jumped 8 percent in the day’s trade upon posting its Q4FY24 results with a 33 percent jump in Net Profits.
With a market capitalization of Rs. 88,499 Crores, the shares of Polycab India Limited were trading at Rs. 5,882.10, up 1.39 percent from its previous day’s close price of Rs. 5,801.60.
Its revenue from operations grew by 29.33 percent YoY from Rs. 43,236.81 Crores in Q4FY23 to Rs. 55,918.95 Crores in Q4FY24 and it grew by 28.83 percent QoQ from Rs. 43,404.7 Crores in Q3FY24 to Rs. 55,918.95 Crores in Q4FY24. Annually it generated a revenue of Rs. 1,41,077.78 Crores in FY23 and Rs. 1,80,394.44 Crores in FY24 indicating a growth of 28 percent YoY.
Its Net Profit grew by 29 percent YoY from Rs. 4,287.02 Crores in Q4FY23 to Rs. 5,534.77 Crores in Q4FY24 and it grew by 33 percent QoQ from Rs. 4,165.11 Crores in Q3FY24 to Rs. 5,534.77 Crores in Q4FY24. Annually it generated a profit of Rs. 12,830.86 Crores in FY23 and Rs. 18,029.17 Crores in FY24 indicating a growth of 41 percent YoY.
In Addition, the Board of Directors of Polycab India Limited has recommended a Dividend at 300 percent i.e., Rs. 30 per equity share with a face value of Rs. 10 per share for the financial year 2023-24.
Polycab India Limited is a fast-moving electrical goods manufacturer engaged in the business of manufacturing cables, wires, and allied products such as uPVC conduits, switchgear, LED Lights, Fans, pumps, Solar Inverters, and many more.
Polycab India Limited generated 88 percent of its revenue from Wires & Cables, 7 percent from fast-moving electrical goods, and 5 percent from others. It has a significant market share of 25-26 percent in the domestically organized C&W industry.
Written by: Bharath K.S
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