Polycab India reports its best-ever Q1 earnings

Wires and cables major Polycab India on Tuesday reported its best-ever first-quarter revenue and profit even as seasonal pressures resulted in a sharp decline compared to the preceding quarter.

The company’s consolidated topline grew 48% year-on-year but declined 31% quarter-on-quarter to Rs 2,737 crore. Profits tripled on year to Rs 223 crore but were down 32% compared to the previous quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 132% year-on-year to Rs 311 crore. EBITDA was 35% lower than the preceding quarter. EBITDA margin came in at 11.4%.