Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q2 FY2023 Earnings Presentation
18 slides from Polycab India's earnings presentation, Oct 18, 2022
Slide 1: Q2 FY2023 Presentation
Evolving through excellence Transforming with focus Q2 FY2023 Presentation 18 October 2022
Slide 2: Q2 FY2023 Financial Performance
Q2 FY2023 Financial Performance 2
Slide 3: Key Highlights
Key Highlights Top-line (Revenue) Operating (EBITDA) Profitability (PAT) Q2FY23: 33,324 mn Q2FY23: 4,268 mn Q2FY23: 2,705 mn 11% YoY 46% YoY 37% YoY 22% QoQ 38% QoQ 22% QoQ H1FY23: 60,689 mn H1FY23: 7,367 mn H1FY23: 4,930 mn 25% YoY 73% YoY 82% YoY Amounts in INR Mobile App Polycab India Limited | Q
Slide 4: Q2 FY23: Improving Growth Momentum
Q2 FY23: Improving Growth Momentum Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 33,324 9.7% 11.3% 12.8% 30,066 8.1% 8.1% 6.6% 27,366 4,268 2,705 2,225 2,927 3,098 1,978 11% YoY 22% QoQ 46% YoY 38% QoQ 37% YoY 22% QoQ Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 ▪ Rev
Slide 5: H1 FY23: Strong Top-line Performance
H1 FY23: Strong Top-line Performance Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 8.1% 60,689 12.1% 8.7% 5.6% 48,618 7,367 4,930 4,247 2,715 25% YoY 73% YoY 82% YoY H1 FY22 H1FY23 H1 FY22 H1FY23 H1 FY22 H1FY23 ▪ Revenue grew by 25% YoY in spite of declining commodity prices and burgeo
Slide 6: Wires and Cables
Wires and Cables Q2FY23 Revenue (INR mn) EBIT (INR mn) Margin ▪ Wires and Cables revenue grew by 13% on YoY 11.5% 11.7% basis, on account of a healthy base 29,259 8.7% 26,000 23,885 3,435 ▪ Domestic distribution driven business continued 2,756 to see strong momentum. Institutional business 2,263 too
Slide 7: Fast Moving Electrical Goods
Fast Moving Electrical Goods Q2FY23 ▪ FMEG business de-grew 12% YoY mainly due to Revenue (INR mn) EBIT (INR mn) Margin subdued demand environment, exacerbated by 3,429 5.0% 2.0% -0.9% realignment in distribution strategy undertaken 3,052 3,032 under Project LEAP to improve long-term 172 business gr
Slide 8: Other
Other Q2FY23 ▪ Other segment largely comprises of our EPC Revenue (INR mn) EBIT (INR mn) Margin business 18.2% 17.0% 826 14.0% 796 751 ▪ Total income at Rs 826 mn grew by 4% YoY and 10% 145 141 QoQ 105 ▪ Segmental EBIT was down by 3% YoY. Margin stood at 17.0%. 4% YoY -3% YoY 10% QoQ 34% QoQ ▪ Annua
Slide 9: Business Mix
Business Mix Business Contribution from Dealers & Distributors, Business Contribution from B2B and B2C segments Institutional and Export Sales FY19 FY22 FY19 FY22 8% 8% 16% 4% 34% 38% 80% 84% 66% 62% B2B B2C Dealers & Distributors Institutional Export Polycab India Limited | Q2 FY23 Earnings Present
Slide 10: Financial Statements
Financial Statements Scan for Financial Results Download Link Scan for Condensed Financial Statements Download Link 10
Slide 11: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (INR mn) Q2FY23 % Q1FY23 % Q2FY22 % H1FY23 % H1 FY22 % Revenue from Operations 33,324 100.0% 27,366 100.0% 30,066 100.0% 60,689 100.0% 48,618 100.0% Cost of Goods sold 24,625 73.9% 20,524 75.0% 23,474 78.1% 45,148 74.4% 37,670 7
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Sep-22 Jun-22 Sep-21 Particulars (INR mn) Sep-22 Jun-22 Sep-21 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 21,151 20,716 20,320 Share Capital 1,497 1,496 1,493 Non-current Deposits 7 7 2,090 Reserves and Surplus 56
Slide 13: Consolidated Condensed Cash Flow Statement; Other key data points
Consolidated Condensed Cash Flow Statement Quarter Year To Date Particulars (INR mn) Q2FY23 Q1FY23 Q2FY22 H1FY23 H1 FY22 Net Cash Flow from Operating Activities 11,628 -2,053 3,655 9,576 2,071 Net cash flow from/(used in) investing activities -11,265 3,541 -1,024 -7,723 -1,826 Net cash flow from/(us
Slide 14: Other financial metrics
Other financial metrics Average Closing Working Capital in days Q2FY23 Q1FY23 FY22 FY21 Q2FY23 Q1FY23 FY22 FY21 Receivable Days 28 25 41 59 26 25 39 59 Inventory days 82 94 81 108 86 93 85 110 Payable Days 66 56 67 102 71 45 63 102 Net Working Capital 44 63 54 65 42 73 61 67 Other Income (INR mn) Q2
Slide 15: Project Leap
Project Leap Progressing well on strategic agenda to achieve break-out growth Customer centricity Go-To-Market Excellence Winning with new Setup of organization and products digital enablers ➢ Defined customer centric ➢ B2B Cables & Wires reach ➢ Product portfolio roadmap built ➢ SFDC strengthened f
Slide 16: Shareholding Pattern
Shareholding Pattern Note: As on 30th September 2022. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands for "Qualified Institutional Buyer"/ "Alternative Investment
Slide 17: 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 INR million statements, including the words or phrases such as ‘expects, anticipates, intends, will, 2. Revenue: Revenue from operations wou
Slide 18: Thank You
Polycab India Limited Contact us THANK YOU For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com