Polycab share is trading at ₹6,020 today, up by 3.8% after the company announced its Q4 results. The stock opened at ₹5,810 and touched a high of ₹6,025. Its previous close was ₹5,798, while the day’s low was ₹5,727. The strong buying interest came after the company posted better-than-expected financial performance for the January–March 2025 quarter.
Polycab Q4 Results 2025
Polycab reported 25% year-on-year (YoY) revenue growth in Q4, reaching ₹6,985.7 crore, which is much higher than market estimates of ₹6,621 crore. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) rose 34.7% to ₹1,025.7 crore, beating expectations of ₹958 crore.
EBITDA margin improved by 110 basis points to 14.7%, slightly above the forecasted 14.5%. Net profit for the quarter grew 35% YoY to ₹727 crore, mainly due to strong revenue growth and better cost control.
Segment-wise Performance
- Wires & Cables: This main business grew by 22% YoY. Growth came from strong government infrastructure spending, good demand from real estate, and rising commodity prices. Cable sales performed better than wire sales. However, international business saw a small dip as a large order got postponed to the next quarter.
- FMEG (Fast-Moving Electrical Goods): This segment grew by 33% YoY and became profitable for the first time in ten quarters. Products like switches, conduit pipes, and switchgears saw good growth. The company’s past investments in this area are now giving positive results.
- EPC (Engineering, Procurement & Construction): The EPC segment grew by 47% YoY due to faster execution of the RDSS order book.
Annual Performance and Dividend
Polycab crossed ₹22,000 crore in annual revenue for FY25. The company declared a record dividend of ₹35 per share (350% on a face value of ₹10). The dividend payout ratio increased from 25.5% last year to 26.3%, moving closer to the company’s goal of 30% by FY30 under “Project Spring”.
Polycab’s stock has gained momentum not only due to its strong results but also because of growing interest in the wires and cables sector. Recently, RR Kabel’s results pushed peer stocks like KEI Industries and Finolex Cables higher. Although new players like Adani and UltraTech are entering this space, existing companies believe the market is large enough for healthy competition.
Conclusion
Polycab has ended FY25 on a strong note with double-digit growth in revenue and profit. The company’s diversified strategy and operational strength are clearly visible in its Q4 results. With its FMEG business turning profitable and consistent performance in wires, cables, and EPC, Polycab looks set for a strong future.