MUMBAI, (GNI): Polycab India Limited (BSE: 542652, NSE:POLYCAB) today announced its consolidated results for the fourth quarter and full year ended March 31 2019.
Commenting on the results, Mr. Inder Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “I would like to express my sincere gratitude to our investors for the large oversubscription to our IPO and reposing their faith in us. The strong response we received reflects investor confidence in Polycab’s value proposition. FY2019 has been a year of record performance with all business segments performing well. Our PAT increased by 40% to Rs. 500 crore. We have delivered on both top-line and profitability for FY2019 and believe that we can continue this industry-outperformance in the years to come.”
|About Polycab India Limited (PIL) is engaged in the business of manufacturing and selling wires and cables and Fast Moving Electrical Goods (FMEG) under the “POLYCAB” brand. PIL is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment (source: CRISIL Research). In the FMEG segment, PIL also manufactures and sells electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.|
PIL has 24 manufacturing facilities, including two joint ventures with Techno Electromech Private Limited (“Techno”) and Trafigura Pte Limited. (“Trafigura”), located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu. The Company has an established supply chain network in India comprising of over 3,100 authorised dealers and distributors and 30 warehouses. PIL supplies their products directly to authorised dealers and distributors who in turn supply these products to over 100,000 retail outlets in India.
For further information, please visit www.polycab.com