Polycab net profit jumps 32% to Rs 283 cr on robust sales

Mumbai: Polycab India, a leading manufacturer of wires and cables, on Thursday reported a 32 per cent growth in net profit at Rs 283.2 crore in the March quarter on higher revenue. Consolidated revenue grew faster at 43 per cent to Rs 3,037.4 crore during the period, the city-headquartered company said in a statement.

For the full-year, it reported a net profit of Rs 885.9 crore, up 16 per cent over FY20 on a revenue of Rs 8,926.5 crore, which inched up 1 per cent from the previous year.

“The fiscal year gone by was an extraordinary year marked by disruptions but we could ensure uninterrupted operations through agility and technology which helped us leverage the favourable market trends and report robust business performance in the fourth quarter, Inder T Jaisinghani, chairman and managing director of Polycab India, said.