Polycab India, a manufacturer of electrical equipment, said in an exchange filing on Thursday, January 22, that its consolidated net profit increased by 11.48 per cent to Rs 464.34 crore in the third quarter of the fiscal year 2024–2025.

During the previous year, the post-tax profit was Rs 416.51 crore. The most recent October-December quarter saw a 20.4 per cent increase in revenue from operations to Rs 5,226.06 crore, up from Rs 4,340.47 crore in Q3 FY24.

Q3 FY25 EBITDA

In the quarter under review, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 26.5 per cent to Rs 721 crore, compared to Rs 570 crore in the December quarter of FY24. The margin of EBITDA increased by 80 basis points (bps) to 13.8 per cent.

For the quarter under review, the wires and cables (W&C) segment reported a 12 per cent year-over-year growth, according to the company. It stated that although there was a healthy demand for cables, the wires industry slowed down at the beginning of the quarter due to a high channel inventory of wires and a drop in copper prices.

While other companies reported an 111 per cent YoY growth, the fast-moving electronic goods (FMEG) segment saw a robust 45 per cent YoY growth.

Wires cable business guidance

Over the next five years, the company anticipates that the FMEG segment will grow 1.5 to 2 times and the W&C business will grow 1.5 times. The EBITDA guidance for wires and cables is 11 per cent to 13 per cent.

The company reported that the growth of the wires segment was slowed down during the quarter. Although its wires and cables segment revenue increased by 12 per cent year over year to Rs 4,385 crore, it decreased by 7 per cent sequentially from Q2.