CAPITAL GOODS · NSE/BSE: POLYCAB

Polycab India Limited Earnings Summary — Q2 FY2027

Sentiment: Positive

AI-generated summary

Generated 2026-10-22

Business Intelligence Report

Polycab India Limited Q2 FY2027 results: Profit up +42.6% YoY; revenue grew +52.8% YoY; OPM 14.4%.

Quarterly Business Intelligence

Q2 FY2027

Financials from Financial Intelligence · data as of 2026-09-30

Revenue

₹9,899 Cr

QoQ +20.6%YoY +52.8%

Net Profit

₹977 Cr

QoQ +24.6%YoY +42.6%

Operating Profit

₹1,422 Cr

QoQ +25.2%YoY +39.4%

Operating Margin

14.4%

QoQ +53 bpsYoY -139 bps

AI Quarterly Scorecard™

/ 100

Strong

Revenue Momentum98

Profit Growth98

Margin Expansion49

Growth Consistency77

Operating Efficiency64

Financial Stability70

Computed deterministically from the last 10 reported quarters.

Quarterly Business Momentum

Revenue & Growth

Revenue grew 20.6% sequentially in Q2 FY2027.
Revenue of ₹9,899 Cr is 52.8% higher year-on-year.
Revenue has compounded at 39.3% annualised over the last 10 quarters.
Revenue is at its highest level in 10 quarters.

Profitability

Net profit has reached its highest level in 10 quarters.
Net profit of ₹977 Cr is 42.6% above the same quarter last year.
Profit growth is trailing revenue growth this quarter.
Net profit has compounded at 49.4% annualised across the period.

Margins

Operating margin stands at 14.4% in Q2 FY2027.
Operating margin compressed by 139 bps year-on-year.
Over the last two years operating margin has expanded by 288 bps.
PBT margin is 13.2%.

Operating Efficiency

Expenses grew 55.3% against revenue growth of 52.8%.
Operating profit of ₹1,422 Cr is 39.4% higher year-on-year.
Operating leverage continues to improve.

Overall Momentum

6 of the last 6 measured quarters delivered year-on-year revenue growth.
Overall quarterly business momentum scores 76/100 (Strong) on the latest 10 quarters.
Business momentum remains positive heading into the next quarter.

Quarterly Financials

Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %

Metric	Trend	Latest Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Revenue	Improving	9,899	8,210	8,864	7,636	6,477	5,906	6,986	5,226	5,498	4,698
Expenses	Improving	8,476	7,074	7,703	6,670	5,456	5,048	5,960	4,506	4,867	4,115
Operating Profit	Improving	1,422	1,136	1,161	966	1,021	858	1,025	720	632	583
Operating Margin	Stable	14.4%	13.8%	13.1%	12.7%	15.8%	14.5%	14.7%	13.8%	11.5%	12.4%
Other Income	Volatile	88	105	60	50	45	80	48	25	76	58
Interest	Strong Uptrend	94	80	75	69	48	51	33	50	45	41
Depreciation	Improving	111	103	98	106	97	86	80	79	72	67
Profit Before Tax	Strong Uptrend	1,306	1,058	1,049	842	921	801	961	617	590	533
Tax	Improving	316	262	264	212	228	201	226	152	145	132
Net Profit	Strong Uptrend	977	784	773	622	685	592	727	458	440	396
Net Margin	Stable	9.9%	9.6%	8.7%	8.1%	10.6%	10.0%	10.4%	8.8%	8.0%	8.4%

Source: Financial Intelligence (Structured Quarterly Data)•Latest Quarter: Q2 FY2027•Figures in ₹ Crore • Margins in %•Automatically updated from Financial Intelligence · 2026-09-30

Key Takeaways

Profit up +42.6% YoY; revenue grew +52.8% YoY; OPM 14.4%.

Official Quarterly Documents

Earnings Press Release

Official quarterly earnings release published by the company.

Press Release not available.

Earnings Call Transcript

Management discussion and analyst Q&A.

This summary is AI-generated from Polycab India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.