Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its consolidated results for the second quarter and half year ended September 30 2019.
Commenting on the financial performance, Inder Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “We have delivered another quarter and a half year of robust growth. Our profitability has more than doubled during the quarter and our customer-centric focus and robust distribution network have ensured that we maintain our growth momentum. Going forward, we remain committed to delivering consistent and profitable growth”
Highlights on consolidated performance for the quarter ended September 30 2019
- Revenue grew 24% y-o-y to Rs. 22,419 mn driven by strong growth across segments
- The wires and cables business grew by 20% to Rs. 18,811 mn in Q2FY20 from Rs. 15,656 mn in Q2FY19
- The FMEG business grew 42% to Rs. 1,956 mn in Q2FY20 from Rs. 1,381 mn in Q2FY2019
- PBT grew by 66% to Rs. 2,303 mn in Q2FY20 from Rs. 1,386 mn in Q2FY19
- PAT grew by 117% to Rs. 1,938 mn from Rs. 895 mn in Q2FY19
- PAT margin at 8.6% in Q2FY20, was up by c. 370bps y-o-y
- ROCE at 26.3% and ROE at 22% for Q2FY20, up 222 bps and 778 bps respectively from Q2FY19
Highlights on consolidated performance for the half-year ended September 30 2019
- Revenue grew 20% to Rs. 41,933 mn driven by strong growth across segments
- The wires and cables business grew by 14% to Rs. 34,916 mn in H1FY20 from Rs. 30,707 mn in H1FY19
- The FMEG business grew 52% to Rs. 4,357 mn in H1FY20 from Rs. 2,862 mn in H1FY2019
- PBT grew by 69% to Rs. 4,369 mn in H1FY20 from Rs. 2,587 mn in Q2FY19
- PAT grew by 98% to Rs. 3,291 mn in H1FY20 from Rs. 1,665 mn in H1FY1 – PAT margin at 7.8% in H1FY20, was up by c. 300bps
- ROCE at 25.0% and ROE at 18.7% for H1FY20, up 212 bps and 545 bps respectively from H1FY19
