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News Details

( As on 17/10/2024 19:10)

Polycab India Q2 net profit down 4.25% at Rs 430.65 cr

The company reported standalone net profit of Rs 430.65 crore for the quarter ended September 30, 2024 as compared to Rs 449.76 crore in the same period last year, registering a year-on-year decline of 4.25 per cent.

Net revenue of the company rose substantially by 26.08 per cent at Rs 5,365.99 crore in July-September quarter of this fiscal as against Rs 4,256.13 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 31.32 per cent to Rs 4,760.88 crore from Rs 3,625.44 crore in year ago period.

Other Income grew by 118.55 per cent at Rs 77.63 crore versus (Sep'23 Rs 35.52 crore).

Operating Profit slipped by 4.06 per cent to Rs 605.11 crore as against Rs 630.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.89 per cent in September quarter.

Interest grew by 76.70 per cent y-o-y to Rs 42.39 crore, while Taxation increased by 4.25 per cent at Rs 140.22 crore (Sep'23 Rs 134.51 crore).