Polycab India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 10, 2024 at 02:21 am EDT
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Polycab India Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 55,918.95 million compared to INR 43,236.81 million a year ago. Revenue was INR 56,457.33 million compared to INR 43,751.96 million a year ago. Net income was INR 5,460.04 million compared to INR 4,250.34 million a year ago.
For the full year, sales was INR 180,394.44 million compared to INR 141,077.78 million a year ago. Revenue was INR 182,603.19 million compared to INR 142,411.04 million a year ago. Net income was INR 17,840.45 million compared to INR 12,707.83 million a year ago. Basic earnings per share from continuing operations was INR 118.93 compared to INR 84.93 a year ago. Diluted earnings per share from continuing operations was INR 118.49 compared to INR 84.66 a year ago.
Polycab India Limited is a manufacturer of wires and cables. The Company is engaged in fast-moving electrical goods (FMEG). The Company operates through three segments: Wires and cables, FMEG and Other. Wire and Cable segment is engaged in the manufacturing and selling of wires and cables. Fast-moving electrical goods (FMEG) segment is engaged in fans, light-emitting diode (LED) lighting and luminaires, switches, switchgear, solar products, pumps, conduits, and domestic appliances. Others segment is comprised of the engineering, procurement, and construction (EPC) business, which includes design, engineering, supply of materials, survey, execution and commissioning of power distribution, rural electrification projects on a trunky basis. It is also in the business of engineering, procurement, and construction (EPC) projects. The Company owns approximately 25 manufacturing facilities, located across the states of Gujarat, Maharashtra, Uttarakhand, and the union territory of Daman.
POLYCAB INDIA LIMITED 
