Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q3 FY25 Earnings Presentation
27 slides from Polycab India's earnings presentation, Jan 22, 2025
Slide 1: Q3 FY25 Presentation
Q3 FY25 Presentation 22 January 2025
Slide 2: Q3 FY25 Financial Performance
Q3 FY25 Financial Performance Polycab India Limited | Q3 FY25 Earnings Presentation 2
Slide 3: Key Highlights
Key Highlights Top-line Operating Profitability Profitability (PAT) Top-line (Revenue) (Revenue) Operating (EBITDA) (EBITDA) Profitability (PAT) (PAT) Q3 FY25: 52,261 Mn Q3 FY25: 7,199 Mn Q3 FY25: 4,643 Mn 20% YoY 26% YoY 11% YoY -5% QoQ 14% QoQ 4% QoQ 9M FY25: 1,54,225 Mn 9M FY25: 19,349 Mn 9M FY25
Slide 4: Highest ever 9M Revenue and PAT
Highest ever 9M Revenue and PAT Revenue (₹ Mn) EBITDA (₹ Mn) Margin PAT (₹ Mn) Margin 1,54,225 13.9% 9.6% 8.9% 10.0% 13.1% 13.8% 12.5% 8.1% 8.5% 11.5% 1,24,475 12,494 13,112 19,349 17,303 54,984 52,261 43,405 4,165 4,452 4,643 5,695 6,316 7,199 20% YoY -5% QoQ 24% YoY 26% YoY 14% QoQ 12% YoY 11% YoY
Slide 5: Wires & Cables
Wires & Cables Polycab India Limited | Q3 FY25 Earnings Presentation 5
Slide 6: Slowdown in Wires Business Moderates Segment Growth; Margins Improve
Slowdown in Wires Business Moderates Segment Growth; Margins Improve Revenue (₹ Mn) EBIT (₹ Mn) Margin 1,27,967 1,11,004 14.0% 13.5% 14.5% 12.3% 12.8% 21, 000 25. 0% 16,069 16,346 23. 0% 21. 0% 19. 0% 17. 0% 14, 000 46,067 15. 0% 38,730 43,328 13. 0% 11. 0% 7, 000 5,436 5,654 5,831 9. 0% 7. 0% 5. 0%
Slide 7: FMEG
FMEG Polycab India Limited | Q3 FY25 Earnings Presentation 7
Slide 8: Highest Ever Quarterly Revenue
Highest Ever Quarterly Revenue Revenue (₹ Mn) EBIT (₹ Mn) Margin 11,844 -6.5% -3.0% -5.2% -3.4% 9,292 -12.7% -126 3,881 4,169 -252 2,883 -365 -405 -481 45% YoY 7% QoQ 27% YoY Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 ▪ FMEG business registered a growth of 45% Yo
Slide 9: Others
Others Polycab India Limited | Q3 FY25 Earnings Presentation 9
Slide 10: Other Segments
Other Segments Revenue (₹ Mn) EBIT (₹ Mn) Margin 14,877 17.4% 14.3% 11.8% 11.3% 11.4% 1,692 5,488 4,967 4,573 645 709 2,164 377 517 111% YoY -17% QoQ 200% YoY 37% YoY -20% QoQ 139% YoY Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 ▪ Other segment largely comprises o
Slide 11: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Q3 FY25 Earnings Presentation 11
Slide 12: Shareholding Pattern
Shareholding Pattern 14% 2% Promoter 9% FII DII QIB + AIF 13% Others 63% Note: As on 31st December 2024. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands for "Qual
Slide 13: Financial Statements
Financial Statements Polycab India Limited | Q3 FY25 Earnings Presentation 13
Slide 14: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q3 FY25 % Q2 FY25 % Q3 FY24 % 9M FY25 % 9M FY24 % Revenue from Operations 52,261 100.0% 54,984 100.0% 43,405 100.0% 1,54,225 100.0% 1,24,475 100.0% Cost of Goods sold 38,807 74.3% 42,025 76.4% 31,692 73.0% 1,16,247 75.4%
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Dec-24 Sep-24 Dec-23 Particulars (₹ Mn) Dec-24 Sep-24 Dec-23 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 35,544 33,607 26,656 Share Capital 1,504 1,504 1,502 Non-current Deposits 110 103 91 Reserves and Surplus 89,25
Slide 16: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Net Cash Flow from Operating Activities -4,519 15,464 4,948 8,770 7,877 Net cash flow from/ (used in) investing activities 4,389 -11,481 -4,593 -5,217 -2,970 Net cash flow from/ (used in)
Slide 17: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q3 FY25 Q2 FY25 Q1FY25 FY24 FY23 Q3 FY25 Q2 FY25 Q1FY25 FY24 FY23 Receivable Days 34 33 31 33 33 41 42 38 41 32 Inventory Days 94 93 102 91 89 101 103 112 101 102 Payable Days* 77 82 72 81 71 89 109 86 94 85 Net Working Capital 51 44 62 44
Slide 18: Project Spring
Project Spring Polycab India Limited | Q3 FY25 Earnings Presentation 18
Slide 19: Project LEAP: Soaring Beyond Expectations
Project LEAP: Soaring Beyond Expectations Polycab is poised to meet its FY26 revenue target earlier than committed, prompting the need to establish a new growth objective FY21: Launched Project LEAP CY24: Current Status Pillars of CY24 Achieved: ₹ 210 Bn Sales Project LEAP FY26 Target: ₹ 200 Bn Sale
Slide 20: We are in "Golden Era" with Massive Growth Opportunities
We are in “Golden Era” with Massive Growth Opportunities Government focused on “Viksit Bharat” and “Infrastructural Push” Domestic W&C to grow at 1.5x - Private Capex to pick-up pace Niche Sectors to Generate 2x of Real GDP Robust Demand for Niche Cables Can see rise from ~14% of GDP now to Continue
Slide 21: Robust Growth Visibility in Global W&C Market
Robust Growth Visibility in Global W&C Market Global Wires & Cables Market ($ Bn): Key Growth Drivers: Power and Electricity Trend 410 • Global electricity consumption to double by 2050 • EU to invest $633 Bn into electricity grid by 2030 • US GRIP program to invest $10.5 Bn funds for expansion of e
Slide 22: New Beginning: Project Spring
New Beginning: Project Spring S P R I N G Solidifying Innovation & Ramp-Up Market Propelling B2C Automation - Nurture Talent & Growing ESG International Leadership in Expansion Led Holistic Capabilities Integration Business B2B Development Driving Value Creation Across All Aspects of the Business Po
Slide 23: Pillars of Project Spring
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Transition to industry-focused verticals structure Leadership in Solidifying ❖ Pivoting from Product to Solutions Market B2B ❖ Secondary Sales through Focused Demand Generation ❖ Creating and Executing Winnin
Slide 24: Pillars of Project Spring
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Elevate R&D Investments for Product Innovation Automation - Development Innovation & Led Holistic ❖ Optimize Supply Chain ❖ Digitization of Processes across Stakeholders Nurture Talent & ❖ Automation led Manu
Slide 25: Guidance for Next Years
Guidance for Next 5 Years W&C Business FMEG Business Cash Flow Guidance ~1.5x 1.5x - 2x ₹ 60 – 80 Bn of Market Growth in of Market Growth in Capex Core segments FMEG 11 – 13% 8 - 10% >30% Wires & Cables FMEG Dividend EBITDA EBITDA Payout Ratio >10% Contribution from Exports W&C: Wires & Cables; FMEG
Slide 26: Safe Harbour Notes and General Definitions
Safe Harbour Notes and General Definitions This release/ communication, except for the historical information, may contain 1. Numbers on consolidated basis in ₹ million statements, including the words or phrases such as ‘expects, anticipates, intends, 2. Revenue: Revenue from operations will, would,
Slide 27: Thank You
THANK YOU Scan for Scan for Condensed Polycab India Limited Financial Results Financial Statements Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Download Link Download Link Website: www.polycab.com Polycab India Limit