{"id":54113,"date":"2022-07-19T15:30:00","date_gmt":"2022-07-19T10:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=54113"},"modified":"2022-07-19T15:26:34","modified_gmt":"2022-07-19T09:56:34","slug":"biz-results-polycab-india-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-polycab-india-3\/","title":{"rendered":"Polycab India Q1 Results: Profit after tax surges 202%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-732036198\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Wire and cable manufacturer Polycab India on Tuesday reported a surge of 201.91 per cent in its profit after tax to Rs 222.54 crore during the first quarter of FY23.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3934065235\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In the corresponding quarter of FY22, the company&#8217;s PAT (Profit After Tax) stood at Rs 73.71 crore, Polycab India said in a statement.<\/p>\n<p>Revenue from operations of the company during the quarter under review went up by 47.5 per cent to Rs 2,736.6 crore compared to Rs 1,855.2 crore in the corresponding quarter of the previous fiscal.<\/p>\n<p>&#8220;We have started the fiscal year 2023 on solid footing, fuelled by strong performance across B2B (Business to Business) and B2C (Business to Consumers) categories. Furthermore, we recorded the highest first quarter top-line in the history of the company, which underlines our strategy to be agile, focus on robust execution and consistently deliver the best quality of products to our customers,&#8221; Polycab India chairman and managing director Inder T Jaisinghani said.<\/p><div class=\"trade-content_5\" id=\"trade-2137795648\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Profitability was supported by better operating leverage and various strategic initiatives implemented over the past few quarters, he noted.<\/p>\n<p>&#8220;We will strive to continue the path of profitable and sustainable growth and contribute to the success of all our stakeholders,&#8221; he added.<\/p>\n<p>Shares of the company on Tuesday were trading at Rs 2,242, up 4.09 per cent on BSE. PTI SM HVA<\/p>\n<div class=\"trade-after-content\" id=\"trade-687927955\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Wire and cable manufacturer Polycab India on Tuesday reported a surge of 201.91 per cent in its profit after tax to Rs 222.54 crore during the first quarter of FY23. In the corresponding quarter of FY22, the company&#8217;s PAT (Profit After Tax) stood at Rs 73.71 crore, Polycab India said in a statement. Revenue from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-54113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polycab India Q1 Results: Profit after tax surges 202% - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-polycab-india-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polycab India Q1 Results: Profit after tax surges 202%\" \/>\n<meta property=\"og:description\" content=\"Wire and cable manufacturer Polycab India on Tuesday reported a surge of 201.91 per cent in its profit after tax to Rs 222.54 crore during the first quarter of FY23. 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