Polycab India reported a significant rise in profit for the second quarter of FY2025-26, driven by growth in revenue from operations.
The company’s net profit for Q2 FY26 increased 56.7 per cent year-on-year to Rs 674.7 crore, up from Rs 430 crore in the same period last year. For the first half of FY26, cumulative profit reached Rs 1,242 crore.
Revenue from operations grew 18 per cent year-on-year to Rs 6,339 crore in Q2 FY26, compared to Rs 5,365 crore in Q2 FY25. The wires and cables segment remained the primary contributor, accounting for 84 per cent of total sales, while electrical goods made up around 7 per cent of the business.
Advertising and promotional expenses rose slightly to Rs 32 crore in Q2 FY26, from Rs 30.7 crore a year earlier.
In a separate development, the company’s board approved the appointment of Niyant Maru as Executive President, Finance, effective 17 October 2025. Maru will assume charge as Chief Financial Officer (Whole-Time Key Managerial Personnel) from 28 October 2025, under Section 203 of the Companies Act, 2013.
Maru, 62, is a Chartered Accountant with over 35 years of experience across industries, including cosmetics, steel, telecom, hotels, real estate, infrastructure, and aviation. He spent 28 years with the Tata Group and most recently served as CFO of Tata SIA Airlines (Vistara) before its merger with Air India, later retiring as Senior Vice President, Finance in May 2025. |
