Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q3 FY2023 Earnings Presentation
19 slides from Polycab India's earnings presentation, Jan 19, 2023
Slide 1: Q3 FY2023 Presentation
Evolving through excellence Transforming with focus Q3 FY2023 Presentation 19 January 2023
Slide 2: Q3 FY2023 Financial Performance
Q3 FY2023 Financial Performance Polycab India Limited | Q3 FY22 Earnings Presentation 2
Slide 3: Key Highlights
Key Highlights Top-line (Revenue) Operating (EBITDA) Profitability (PAT) Q3 FY23: 37,152 mn Q3 FY23: 5,030 mn Q3 FY23: 3,608 mn 10% YoY 39% YoY 45% YoY 11% QoQ 18% QoQ 33% QoQ 9M FY23: 97,841 mn 9M FY23: 12,397 mn 9M FY23: 8,538 mn 19% YoY 58% YoY 64% YoY Amounts in INR Mobile App Polycab India Limi
Slide 4: Q3 FY23: Highest Ever Quarterly EBITDA and PAT
Q3 FY23: Highest Ever Quarterly EBITDA and PAT Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 37,152 33,720 33,324 13.5% 9.7% 12.8% 8.1% 10.7% 7.4% 3,608 5,030 4,268 2,705 3,620 2,484 10% YoY 11% QoQ 39% YoY 18% QoQ 45% YoY 33% QoQ Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22
Slide 5: 9M FY23: Highest Ever 9M Revenue, EBITDA and PAT
9M FY23: Highest Ever 9M Revenue, EBITDA and PAT Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 97,841 12.7% 8.7% 9.6% 6.3% 82,338 8,538 12,397 7,867 5,199 19% YoY 58% YoY 64% YoY 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 ▪ Revenue grew by 19% YoY in spite of high base, lower comm
Slide 6: Wires and Cables: Highest Ever Production Volume
Wires and Cables: Highest Ever Production Volume ▪ Wires and Cables revenue for the quarter grew by Q3 FY23 11% YoY. On a 9M basis, the revenue grew by 20% Revenue (INR mn) EBIT (INR mn) Margin YoY. Demand environment continues to remain 32,878 strong 29,679 29,259 13.8% 11.7% 10.3% 4,528 ▪ During 9
Slide 7: Fast Moving Electrical Goods: Showing Improved Sales Momentum
Fast Moving Electrical Goods: Showing Improved Sales Momentum ▪ FMEG business for Q3FY23 was almost flat YoY and Q3 FY23 grew 12% QoQ despite challenging business Revenue (INR mn) EBIT (INR mn) Margin environment. On a 9M basis, the business grew by 8% YoY 3,404 3,399 1.8% -0.9% 3,032 -0.7% ▪ Fans b
Slide 8: Other
Other ▪ Other segment largely comprises of our EPC Q3 FY23 business Revenue (INR mn) EBIT (INR mn) Margin ▪ Total income at Rs 994 mn, grew by 33% YoY and 14.3% 17.0% 994 13.1% 20% QoQ 826 141 131 745 106 ▪ Segmental EBIT was up by 23% YoY. Margin stood at 13.1% 33% YoY 20% QoQ 23% YoY -7% QoQ ▪ Ann
Slide 9: Financial Statements
Financial Statements Scan for Financial Results Download Link Scan for Condensed Financial Statements Download Link Polycab India Limited | Q3 FY22 Earnings Presentation 9
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (INR mn) Q3 FY23 % Q2 FY23 % Q3 FY22 % 9M FY23 % 9M FY22 % Revenue from Operations 37,152 100.0% 33,324 100.0% 33,720 100.0% 97,841 100.0% 82,338 100.0% Cost of Goods sold 27,603 74.3% 24,625 73.9% 26,095 77.4% 72,752 74.4% 63,7
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Dec-22 Sep-22 Dec-21 Particulars (INR mn) Dec-22 Sep-22 Dec-21 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 21,951 21,151 18,032 Share Capital 1,497 1,497 1,494 Non-current Deposits 7 7 2,092 Reserves and Surplus 60
Slide 12: Consolidated Condensed Cash Flow Statement; Other Key Data Points
Consolidated Condensed Cash Flow Statement Quarter Year To Date Particulars (INR mn) Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Net Cash Flow from Operating Activities 3,500 11,628 -3,981 13,076 -1,910 Net cash flow from/(used in) investing activities -3,357 -11,265 3,996 -11,081 2,171 Net cash flow fr
Slide 13: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital in days Q3 FY23 Q2 FY23 FY22 FY21 Q3 FY23 Q2 FY23 FY22 FY21 Receivable Days 29 28 41 59 26 26 39 59 Inventory days 94 82 81 108 92 86 85 110 Payable Days 63 66 67 102 66 71 63 102 Net Working Capital 59 44 54 65 52 42 61 67 Other Income (INR mn
Slide 14: Effective Oversight: Strong, Independent and Diverse Board
Effective Oversight: Strong, Independent and Diverse Board In-line with globally following best-in-class corporate governance practices: 50% of the Board is Independent; 20% of the Board is represented by women directors • Board of Directors expanded with a view to strengthening the Board and bringi
Slide 15: ESG Framework: Progress Made in FY23
ESG Framework: Progress Made in FY23 Stakeholders ESG Material Topics Strategic Objectives and Enablers Purpose-led Growth ESG Policies Environmental Stewardship ESG related Policies, Procedures and Stakeholder Value Creation Climate Change and Energy Codes aligned with National Long – term sustaina
Slide 16: Q3FY23 Titbits
Q3FY23 Titbits Awards & Recognition ET Best Brands 2022 Manufacturing Excellence Award by Kaizen Hansei Operational Excellence SMART Manufacturing SAFE Factory Branding Activities Polycab Arena, HOHM Showroom, Green Wire TVC 3-in-1 LED TVC Print Commercials Mumbai Ahmedabad 16 Polycab India Limited
Slide 17: Shareholding Pattern
Shareholding Pattern Note: As on 31st December 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 18: 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 19: 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 Polycab India Limited | Q3 FY22 Earnings Presentation