Polycab India Q4 FY26 Results: Profit Rises 7% to Rs 786 Crore, Declares Rs 47 Dividend

Polycab India delivered a landmark performance for Q4 and full year FY26, reporting its highest-ever quarterly and yearly revenue. The board declared a dividend of Rs 47 per share.

Q4 FY26 Key Numbers

• Net Profit (Q4): Rs 785.6 crore — up 6.98% YoY from Rs 734.36 crore
• Revenue (Q4): Rs 8,864.47 crore — up 26% YoY from Rs 6,985.79 crore
• EBITDA (Q4): Rs 1,161.3 crore — up 13% YoY; margin at 13.1%
• EPS (Q4): Rs 52.18 vs Rs 48.31 in Q4 FY25
• Dividend: Rs 47 per share (470% of Rs 10 face value) — subject to AGM approval

Full Year FY26 — Record on Every Metric

• Revenue: Rs 28,883.8 crore — up 29% YoY
• EBITDA: Rs 4,005.7 crore — up 35% YoY; margin 13.9%
• Net Profit: Rs 2,708.4 crore — up 32% YoY
• Cash Balance: Rs 4,190 crore as of March 2026

Segment Performance

Wires and Cables grew 33% YoY to Rs 25,178.9 crore in FY26. FMEG up 25% to Rs 2,069.3 crore. EPC declined 13% due to project timing — one area to watch.

Dividend History — A Consistently Rising Trend

Rs 47 (FY26) vs Rs 35 (FY25) vs Rs 30 (FY24) vs Rs 20 (FY23) — Polycab has grown its payout every year, reflecting confidence in its cash generation capacity.

Stock Reaction

Polycab shares surged 6.3% on May 7, touching a 52-week high of Rs 8,940. Market cap approximately Rs 1.34 lakh crore.

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