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Values in Rs. in  Crores

Polycab Sep 23 Year on Year Revenue Skies by 26.6% to Rs.4218 Crore and Year on Year Profit balloons by 58.0% to Rs.430 Crore. Quarter to Quarter Revenue Surge by 8.4% and Q to Q Profit crosses by 6.7%

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Revenue Analysis:

Polycab, has reported a revenue of Rs. 4218 Crore, which has flies by 8.4% as compared to previous quarter revenue of Rs. 3889 Crore. As compared to revenue of September-22, there is a increases sharply by 26.6% from Rs. 3332 Crore. to Rs. 4218 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.4337 Crore . Company's reported Revenue of Rs. 4218 is fairly in line with expectations.


Segment Revenue and Analysis

The Major Segments have been, Wires and cables. The share of each major segments are Wires and cables : 3805 Crore [90.2%].


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has skies by 58.0% to Rs.430 Crore from Rs. 272 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has soars by 6.7% to Rs.430 Crore from Rs. 403 Crore. Net Profit % of the Company has remained at 10.2% compared to 10.4% in previous quarter and 8.2% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 14.4% from 14.1% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has nearly maintains same to 71.9% (Previous Quarter: 72.7%). Cost of Sales in absolute terms has grown from Rs. 2829 Crore to 3034 Crore.

b) Employee Cost has soars to 3.7% (Previous Quarter: 3.5%). Employee Cost in exact value has crosses from Rs. 135 Crore to 156 Crore.

c) Other Expenses has surge to 9.9% (Previous Quarter: 9.7%). Other Expenses zooms from Rs. 377 Crore to 419 Crore.


The finance cost has soars from Rs. 24.92 Crore to 26.79 Crore by 7.5%.


Key Matrix:

Price to Earning (PE) ratio of the company is 55.23 as compared to the Industry PE of 60.25. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 22.4% and Return of Capital Employed (ROCE) is 30.2%.


Share Price Movement:

The Return on Share Prices were 0.3% in past one month, 15.6% in 3 months, 68.7% in 6 months, 95.9% in 12 months, 123.4% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has flies by 8.4%. Gross Margin has zooms from 27.3% to 28.1%. EBITDA Margin has nearly remains regular to 14.4% from 14.1%. and Net Profit After Tax Margin has

soars to 10.2% from 10.4%.


The Brief of Quarterly Results is as follows:

Polycab India Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
4217.6
3889.4
4323.7
3715.2
Cost of Goods Sold
3033.9
2829.2
3195.8
2717.3
Employee Cost
155.7
134.9
118.7
113.2
Other Expenses
419.2
376.7
399.7
380.8
EBITDA
608.9
548.6
609.5
503.8
Depreciation
60.3
57.1
53.5
52.5
Interest Expense
26.8
24.9
28.2
9.3
Other Income
35.3
64
51.5
39.7
Profit B4 Excep. Items
557.1
530.5
579.4
481.8
Exception Items
0
0
6.4
0.8
Net Profit Before Tax
557.1
530.5
573.1
481
Taxes
127.3
127.7
144.6
120.2
Net Profit After Tax
429.8
402.8
428.4
360.8
Gross Margin %
28.10%
27.30%
26.10%
26.90%
Employee Cost %
3.70%
3.50%
2.70%
3.00%
Other Expense Cost %
9.90%
9.70%
9.20%
10.30%
EBITDA %
14.40%
14.10%
14.10%
13.60%
Net Profit After Tax %
10.20%
10.40%
9.90%
9.70%

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00:00 / 04:24

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