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Polycab India reports 59% rise in Q2 consolidated net profit

18 Oct 2023 Evaluate

Polycab India has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 72.62% jump in its net profit at Rs 449.76 crore for the quarter under review as compared to Rs 260.54 crore for the same quarter in the previous year. Total income of the company increased by 31.66% at Rs 4291.65 crore for Q2FY24 as compared Rs 3259.63 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 58.80% rise in its net profit at Rs 429.77 crore for the second quarter ended September 30, 2023 as compared to Rs 270.63 crore for the same quarter in the previous year. Total income of the company increased by 27.71% at Rs 4253.02 crore for Q2FY24 as compared Rs 3330.14 crore for the corresponding quarter previous year.


Peers
Company Name CMP
Polycab India 8040.00
KEI Industries 4460.00
RR Kabel Ltd. 2521.15
Finolex Cables 1449.40
Precision Wire India 491.45
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