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Polycab India Reports Record Q3 FY26 Revenue of ₹76,361 Crore, Profit Up 36%

Polycab India Limited

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January 16, 2026, 10:14 AM

Polycab India reported record Q3 FY26 revenue of ₹76,361 crore, up 46% YoY. 9M FY26 revenue reached ₹2,00,193 crore, up 30% YoY. Q3 FY26 PAT grew 36% to ₹6,302 crore, and 9M FY26 PAT rose 47% to ₹19,228 crore. Mr. Bharat A. Jaisinghani and Mr. Nikhil R. Jaisinghani were redesignated as Joint Managing Directors.

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Polycab India Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, reporting record-breaking performance across revenue, EBITDA, and profitability.

For the third quarter of FY26, the company's revenue grew by 46% year-on-year to ₹76,361 crore (₹76,361 Mn). This strong growth was primarily driven by the Wires & Cables (W&C) business, which saw a 53% year-on-year increase, largely due to exceptional domestic performance with 59% growth. The Fast-Moving Electrical Goods (FMEG) segment also demonstrated continued momentum, recording a 17% year-on-year growth. The EPC business reported revenues of ₹4,069 crore (₹4,069 Mn). EBITDA for the quarter grew by 34% year-on-year to ₹9,661 crore (₹9,661 Mn), with consolidated margins at 12.7%. Profit After Tax (PAT) registered a strong growth of 36% year-on-year, reaching ₹6,302 crore (₹6,302 Mn) with PAT margins at 8.3%.

In the nine months ended December 31, 2025, Polycab achieved a significant milestone with revenues surpassing ₹2,00,193 crore (₹2,00,193 Mn), a 30% year-on-year increase. The W&C business revenues grew 35% year-on-year to ₹1,75,054 crore (₹1,75,054 Mn), while the FMEG business grew 16% year-on-year to ₹13,775 crore (₹13,775 Mn). EBITDA for the nine-month period grew 47% year-on-year to ₹28,444 crore (₹28,444 Mn), with EBITDA margins at 14.2%. PAT increased by 47% year-on-year to ₹19,228 crore (₹19,228 Mn), marking the highest ever nine-month PAT, with PAT margins at 9.6%. As of December 31, 2025, the company maintained a net cash position of ₹30.3 billion (₹3,030 crore), compared to ₹17.1 billion (₹1,710 crore) in the same quarter of the previous year.

Mr. Inder T. Jaisinghani, Chairman and Managing Director, commented that Q3 marked a record-breaking quarter, driven by strong execution in the W&C business and sustained momentum in the FMEG segment. He also highlighted the robust domestic business performance, continued market share gains, and confidence in the growth outlook due to early signs of revival in private capex.

Additionally, the Board of Directors approved the redesignation of Mr. Bharat A. Jaisinghani and Mr. Nikhil R. Jaisinghani from Executive Director to Joint Managing Director, subject to shareholder approval.

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