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Polycab India reports 37% fall in Q1 consolidated net profit

22 Jul 2021 Evaluate

Polycab India has reported results for first quarter ended June 30, 2021.

The company has reported a fall of 33.15% in its net profit at Rs 75.06 crore for the quarter under review as compared to Rs 112.28 crore for the same quarter in the previous year. However, total income of the company increased by 81.77% at Rs 1,865.93 crore for Q1FY22 as compared Rs 1,026.52 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 37.09% in its net profit attributed to the owners at Rs 73.98 crore for the quarter under review as compared to Rs 117.60 crore for the same quarter in the previous year. However, total income of the company increased by 88.65% at Rs 1,905.81 crore for Q1FY22 as compared Rs 1,010.22 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Polycab India 8139.00
KEI Industries 4465.00
RR Kabel Ltd. 2525.30
Finolex Cables 1436.25
Precision Wire India 501.35
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