Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q4 FY25 Earnings Presentation
29 slides from Polycab India's earnings presentation, May 6, 2025
Slide 1: Q4 FY25 Presentation
Q4 FY25 Presentation 06 May 2025
Slide 2: Q4 FY25 Financial Performance
Q4 FY25 Financial Performance Polycab India Limited | Q4 FY25 Earnings Presentation 2
Slide 3: Key Highlights
Key Highlights Top-line Top-line Operating Operating Profitability Profitability Profitability (PAT) (Revenue) (Revenue) (EBITDA) (EBITDA) (PAT) (PAT) Q4 FY25: 69,858 Mn Q4 FY25: 10,254 Mn Q4 FY25: 7,344 Mn 25% YoY 35% YoY 33% YoY 34% QoQ 42% QoQ 58% QoQ FY25: 2,24,083 Mn FY25: 29,602 Mn FY25: 20,45
Slide 4: FY25: Surpassed ₹220 Bn in Revenues; Highest Ever PAT
FY25: Surpassed ₹ 220 Bn in Revenues; Highest Ever PAT Revenue (₹ Mn) EBITDA (₹ Mn) Margin PAT (₹ Mn) Margin 2,24,083 9.9% 10.5% 10.0% 13.6% 13.8% 14.7% 13.8% 13.2% 8.9% 9.1% 1,80,394 29,602 20,455 24,918 18,029 69,858 55,919 52,261 10,254 7,344 7,615 7,199 5,535 4,643 25% YoY 34% QoQ 24% YoY 35% Yo
Slide 5: Key Highlights for FY25
Key Highlights for FY25 FY24 FY25 Market Share 25-26% ~1% 26-27% Market share gains in domestic organized W&C industry via strategic internal initiatives Capex ₹ 8.6 Bn 12% ₹ 9.6 Bn Cash flows reinvested in business to capture strong demand opportunity Net Cash Position ₹ 21.4 Bn 15% ₹ 24.6 Bn Net c
Slide 6: Growth Story Since Listing
Growth Story Since Listing Revenue EBITDA Margin Net Cash ₹ 224 Bn 13.2% 11.9% ₹ 24.6 Bn ₹ 80 Bn CAGR: 19% 128 bps ₹ 0.45 Bn 55x FY19 FY25 FY19 FY25 FY19 FY25 International Market Share Dividend Business (Domestic Organized W&C) 26-27% ₹ 13.5 Bn ₹ 35 18% ₹ 2.5 Bn CAGR: 33% 8-9% ₹3 ~12x FY19 FY25 FY1
Slide 7: Shareholder Returns Since Listing
Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 Mar'20 Apr'20 May'20 Market Cap Jun'20 Jul'20 (as of 05th May 2025) Aug'20 Sep'20 Oct'20 Nov'20 Dec'20 ₹ 872 Bn (USD 10.2 Bn) Jan'21 POLYCAB Feb'21 Mar'21 Apr'21 May'21 Market Cap in USD calculated using USD ₹ spot rate of
Slide 8: Wires & Cables
Wires & Cables Polycab India Limited | Q4 FY25 Earnings Presentation 8
Slide 9: Segment Growth Driven by Demand Tailwinds and Operational Leverage
Segment Growth Driven by Demand Tailwinds and Operational Leverage Revenue (₹ Mn) EBIT (₹ Mn) Margin 1,88,881 1,60,677 15.3% 15.1% 14.8% 13.6% 13.7% 25,722 23,772 28, 000 25. 0% 23. 0% 21. 0% 19. 0% 21, 000 17. 0% 15. 0% 59,201 14, 000 13. 0% 48,486 43,982 8,926 11. 0% 7,419 6,007 9. 0% 7. 0% 7, 000
Slide 10: Geographic Reach: Domestic & International
Geographic Reach: Domestic & International Domestic Zone-Wise International Business Spread W&C Distributors Split 84 79 70 21% 20% 63 58 East 53 48 North South West 27% 32% FY19 FY20 FY21 FY22 FY23 FY24 FY25 *By Count *No. of Countries Polycab India Limited | Q4 FY25 Earnings Presentation 10
Slide 11: Powering India's Development
Powering India’s Development Bengaluru Metro JW Marriot Hotel Godrej Panvel City Commercial & Urban Specialized Projects Infrastructure Defense (Airforce Station, Yelahankha) Development • Kasara Ghat • Metro (Bengaluru Metro) • Government (Siddharth Nagar Tunnel • Hotel (JW Marriot– Mumbai) Collect
Slide 12: FMEG
FMEG Polycab India Limited | Q4 FY25 Earnings Presentation 12
Slide 13: Strategic Execution Driving Sustained Growth
Strategic Execution Driving Sustained Growth Revenue (₹ Mn) EBIT (₹ Mn) Margin 16,535 -3.0% 0.5% -2.3% -12.9% -7.3% 12,828 23 4,692 -126 3,536 4,169 -458 -382 33% YoY 13% QoQ 29% YoY -939 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 ▪ FMEG business concluded a strong year with
Slide 14: EPC
EPC Polycab India Limited | Q4 FY25 Earnings Presentation 14
Slide 15: EPC Segment
EPC Segment Revenue (₹ Mn) EBIT (₹ Mn) Margin 19,192 5.1% 8.7% 9.4% 8.0% 9.4% 1,806 7,888 6,028 4,108 3,918 564 632 208 341 47% YoY 54% QoQ 143% YoY 171% YoY 65% QoQ 186% YoY Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 • For Q4 FY25, revenue increased by 47% YoY, while FY25 g
Slide 16: ESG
ESG Polycab India Limited | Q4 FY25 Earnings Presentation 16
Slide 17: Polycab ESG: Journey so far
Polycab ESG: Journey so far 2024 2020 2022 • Materiality • GHG Annual Report 2021 Assessment 2023 Inventorization 2025 + Business • GRI Limited • BRSR Core- Responsibility Assurance Reasonable Report (BRR) • 1st BRSR Report Assurance • Appointed Chief Sustainability 1st Integrated • Set Near-Term Of
Slide 18: Polycab ESG: Materiality Matrix & Governance Mechanism
Polycab ESG: Materiality Matrix & Governance Mechanism • Our innovative, safe and energy efficient products and solutions delight our customers Polycab’s Purpose – • Our vibrant and inclusive culture leads to deep connections, value creation and growth for our “Connecting All to a Brighter Future“ P
Slide 19: Polycab ESG: Goals for 2030
Polycab ESG: Goals for 2030 Environment 50% Zero At least 1 Achieve 30% Renewable Electricity Waste to Landfill Net Zero Product Recycled water Consumption Usage 11% 30 Aim for To touch cumulative Social Zero Harm 1 million Permanent women Hours Training Reduce employee and employees per employee pe
Slide 20: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Q4 FY25 Earnings Presentation 20
Slide 21: Shareholding Pattern
Shareholding Pattern Listing Current 15% 15% 3% Promoter FII 10% 8% DII 1% FY19 FY25 QIB + AIF 3% IFC 2% 11% 63% Others 69% Note: As on 31st March 2025. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Fore
Slide 22: Titbits: Awards & Recognition
Titbits Awards & Recognition Asia's Best Appreciation Certificate from Quality Concept Integrated Report DSIJ Best CFO Award The Government of India Awards by QCFI (Governance) by AIRA Export Excellence Award by CX Technology FIEO Implementation of the Year Most Innovative & Best Best Fibre Network
Slide 23: Financial Statements
Financial Statements Polycab India Limited | Q4 FY25 Earnings Presentation 23
Slide 24: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY25 % Q3 FY25 % Q4 FY24 % FY25 % FY24 % Revenue from Operations 69,858 100.0% 52,261 100.0% 55,919 100.0% 2,24,083 100.0% 1,80,394 100.0% Cost of Goods sold 52,053 74.5% 38,807 74.3% 41,792 74.7% 1,68,300 75.1% 1,32,8
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar-25 Dec-24 Mar-24 Particulars (₹ Mn) Mar-25 Dec-24 Mar-24 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 37,193 35,544 29,160 Share Capital 1,504 1,504 1,502 Non-current Deposits 465 103 58 Reserves and Surplus 96,74
Slide 26: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Net Cash Flow from Operating Activities 9,315 -4,519 5,085 18,085 12,962 Net cash flow from/ (used in) investing activities -7,176 4,389 -4,549 -12,393 -7,519 Net cash flow from/ (used in) fina
Slide 27: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q4 FY25 Q3 FY25 Q4FY24 FY25 FY24 Q4 FY25 Q3 FY25 Q4FY24 FY25 FY24 Receivable Days 38 34 33 38 33 42 41 41 42 41 Inventory Days 80 94 91 80 91 79 101 101 79 101 Payable Days* 73 77 81 73 81 72 89 94 72 94 Net Working Capital 44 51 44 44 44
Slide 28: 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 29: Thank You
THANK YOU Polycab India Limited Scan for Financial Results Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com Download Link Polycab India Limited | Q4 FY25 Earnings Presentation 29