Q1 2027 Polycab India Ltd Earnings Call Transcript
Key Points
- Polycab India Ltd (BOM:542652) reported a strong 39% year-on-year revenue growth, driven by sustained momentum in both wires and cables and FMEG businesses.
- The company achieved its highest ever quarterly profit after tax of INR7,967 million, representing a 33% year-on-year growth.
- The FMEG segment recorded an impressive 71% year-on-year growth, marking the tenth consecutive quarter of outperforming industry growth rates.
- The company's balance sheet remains strong with a net cash position of INR39.9 billion, and the working capital cycle improved significantly to 15 days.
- Polycab India Ltd (BOM:542652) continues to see significant opportunities across its markets, with a focus on accelerating profitable growth and strengthening its brands.
- The global macroeconomic landscape remains uncertain due to ongoing geopolitical developments, which may impact energy prices and supply chains.
- The company's international business witnessed a decline on a year-on-year basis, reflecting the impact of near-term geopolitical developments.
- The EPC business reported a year-on-year revenue decline of 11%, primarily due to the timing and execution cycle of projects.
- The company faces challenges in maintaining consistent export growth due to geopolitical tensions and global risk aversion.
- There is uncertainty around the timing and scale of data center opportunities, which could impact future demand for cables and wires.
Ladies and gentlemen, good day, and welcome to Polycab India Limited Q1 FY 2027 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. NianMaru, Chief Financial Officer, Polycab India Limited. Thank you, and over to you, Mr. Maru.
Good afternoon, everyone, and thank you for joining us. I hope all of you are staying healthy and safe. On this call, we shall discuss the Q1 FY '27 results. which were approved in the Board meeting earlier today.
We will be referring to the earnings presentation, financial results and financial statements, which are available on the stock exchanges as well as on the Investor Relations page of our website. Joining me today from the management team, we have our Head, Strategy and Investor Relations, Mr. Shashank Yagnick.
I'm pleased to share that building on the momentum of last year, the company delivered another year of strong performance, underpinned by healthy revenue
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