Polycab India Full Year 2024 Earnings: Beats Expectations

Polycab India (NSE:POLYCAB) Full Year 2024 Results

Key Financial Results

• Revenue: ₹180.4b (up 28% from FY 2023).
• Net income: ₹17.8b (up 40% from FY 2023).
• Profit margin: 9.9% (in line with FY 2023).
• EPS: ₹119 (up from ₹84.93 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Polycab India Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India.

Performance of the Indian Electrical industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Be aware that Polycab India is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com