Strong Growth Across All Business Segments
Q3FY20 Revenue at Rs. 25,073 mn; up 24% y-o-y
Q3FY20 PAT at Rs. 2,214 mn; up 14% y-o-y
9MFY20 Revenue at Rs. 67,006 mn; up 21% y-o-y
9MFY20 PAT at Rs. 5,505 mn; up 53% y-o-y
MUMBAI, January 21, 2020 (GNI): Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its consolidated results for the third quarter and nine months ended December 31 2019.
Commenting on the financial performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “We have delivered yet another quarter of resilient growth. Our top line growth remains strong across segments helped by our robust pan India distribution network coupled with exports while profitability improved sequentially on the back of enhanced and evolving product mix and various strategic initiatives which we have implemented over the past few years. As we enter the new decade we will continue to build on our current strengths while acquiring new ones to stay competitive and drive profitable growth,” stated in the press release.
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 of wires and cables in India and a fast-growing player in FMEG space. PIL manufactures and sells various types of cables, wires, electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
PIL has 25 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 a well-established supply chain network in India comprising of over 3,450 authorised dealers and distributors and 30 warehouses. PIL supplies products directly to authorised dealers and distributors who in turn supply it to over 125,000+ retail outlets in India. PIL has also exported goods to over 40 countries in past few years. For further information, please visit www.polycab.com
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