Polycab India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 19, 2023 at 04:58 am EST
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Polycab India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 37,151.82 million compared to INR 33,719.96 million a year ago. Revenue was INR 37,548.62 million compared to INR 33,936.45 million a year ago. Net income was INR 3,576.47 million compared to INR 3,145.09 million a year ago. Basic earnings per share from continuing operations was INR 23.89 compared to INR 16.52 a year ago. Diluted earnings per share from continuing operations was INR 23.82 compared to INR 16.5 a year ago. Basic earnings per share was INR 23.89 compared to INR 21.06 a year ago. Diluted earnings per share was INR 23.82 compared to INR 21.03 a year ago.
For the nine months, sales was INR 97,840.97 million compared to INR 82,337.79 million a year ago. Revenue was INR 98,659.08 million compared to INR 83,068.78 million a year ago. Net income was INR 8,452 million compared to INR 5,864.23 million a year ago. Basic earnings per share from continuing operations was INR 56.5 compared to INR 34.47 a year ago. Diluted earnings per share from continuing operations was INR 56.32 compared to INR 34.32 a year ago. Basic earnings per share was INR 56.5 compared to INR 39.3 a year ago. Diluted earnings per share was INR 56.32 compared to INR 39.13 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 
