Slide 1: Polycab India Limited – Earnings Call Presentation filing letter
POLYCAB INDIA LIMITED (formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com Date: 23rd October 2019 To To Department of Corporate Ser
Slide 2: Q2 FY20 Earnings Presentation
Polycab India Limited Q2 FY20 Earnings Presentation I 23 October 2019 1 Polycab India Limited
Slide 3: Financial Performance Q2 FY2020
Financial Financial Performance Performance Q2 FY2020 Q2 FY2020
Slide 4: Q2FY20 Key Highlights
Q2FY20 Key Highlights Healthy Revenue Growth 24% Y-o-Y 15% Q-o-Q 20% H-o-H Strong Profitability PAT : 117% Y-o-Y 43% Q-o-Q 98% H-o-H PBT: 66% Y-o-Y 11% Q-o-Q 69% H-o-H Consistent Returns ROCE: 26.3% 26.3% 25.0% 222bp Y-o-Y 154bp Q-o-Q 212bp H-o-H Notes: (1) Numbers on consolidated basis (2) Revenue:
Slide 5: Q2 FY20: Consistent performance across the board; 2x PAT
Q2 FY20: Consistent performance across the board; 2x PAT Revenue (INR mn) 24% YoY 15% QoQ EBITDA (INR mn) Margin 27% YoY 21% QoQ PAT (INR mn) Margin 117% YoY 43% QoQ 8.6% 22,419 12.0% 19,513 11.8% 11.5% 6.9% 1,938 18,119 2,701 2,134 2,238 4.9% 1,353 895 Q2 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q1 FY20 Q2 FY2
Slide 6: H1 FY20: Strong growth in Revenue & Profitability
H1 FY20: Strong growth in Revenue & Profitability Revenue (INR mn) 20% YoY EBITDA (INR mn) Margin 28% YoY PAT (INR mn) Margin 98% YoY 41,933 7.8% 11.8% 34,971 11.0% 3,291 4,939 4.8% 3,853 1,665 H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20 • Revenue in six months ended 30th September grew by 20% Y
Slide 7: Wires & cables
Wires & cables 2Q FY20 Revenue (INR mn) 20% YoY 17% QoQ EBIT (INR mn) Margin • Total income growth of 20% y-o-y was led by healthy growth across categories as well as channels. 11.6% 18,811 11.2% 10.7% • Growth in cables was driven by institutional sales & 15,656 16,104 exports. Exports grew strongl
Slide 8: FMEG
FMEG 2Q FY20 Revenue (INR mn) 42% YoY -19% QoQ EBIT (INR mn) Margin • Total income growth of 42% YoY was primarily driven by fans and lighting & luminaries. 3.7% 3.3% 2,401 88 • EBIT margin stood at 3.3% in Q2FY20 vs loss in 1,956 65 Q2FY19 led by better portfolio mix, higher 1,381 contribution and
Slide 9: Other
Other 2Q FY20 Revenue (INR mn) 57% YoY 34% QoQ EBIT (INR mn) Margin 14.1% 1,638 231 • Other segment which largely comprises of our EPC 1,226 9.7% 1,044 business witnessed healthy topline growth and 119 margins led by execution of profitable projects 3.7% 38 Q2 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q1 FY20 Q2
Slide 10: Recent Titbits
Recent Titbits 9 Polycab India Limited
Slide 11: Financial Statements
Financial Statements Scan for financial results Download Link Scan for interim financial statements Download Link 10
Slide 12: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Ended Half Year Ended Particulars (INR mn) Q2FY20 % Q2FY19 % Q1FY20 % H1 FY20 % H1 FY19 % Revenue from Operation 22,419 100.0% 18,119 100.0% 19,513 100.0% 41,933 100.0% 34,971 100.0% Cost of Goods sold 16,449 73.4% 13,565 74.9% 14,278 73.2% 30,727 73.3%
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Sep'19 Sep'18 Jun'19 Particulars (INR mn) Sep'19 Sep'18 Jun'19 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 15,871 13,915 15,562 Share Capital 1,486 1,412 1,486 Financial / Non-current Assets 2,595 2,006 2,536 Reser
Slide 14: Consolidated Condensed Cash Flow Statement
Consolidated Condensed Cash Flow Statement Quarter Ended Half Year Ended Particulars (INR mn) Q2 FY20 Q2 FY19 Q1 FY20 H1 FY20 H1 FY19 Net Cash Flow from Operating Activities -1,280 5,266 3,663 2,383 7,433 Net cash flow from/(used in) investing activities 1,399 -683 -5,762 -4,363 -1,414 Net cash flow
Slide 15: Other financial metrics
Other financial metrics Other Income (INR mn) Q2 FY20 Q2 FY19 Q1 FY20 H1 FY20 H1 FY19 Working Capital [TTM basis, in days] Q2FY20 Q1FY20 FY19 Interest income 78 15 67 144 23 Recei va bl e Da ys 45 48 65 Gain/loss on Redemption of 60 0 52 112 0 Inventory da ys 103 106 103 investment Pa ya bl e Da ys
Slide 16: Safe Harbour
Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 17: Contact us
Polycab India Limited CIN: L31300DL1996PLC266483 Contact us: For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com 16 Polycab India Limited