Slide 1: Q1 FY24 Presentation
Q1 FY24 Presentation 18 July 2023 Polycab India Limited | Q1 FY24 Earnings Presentation 1
Slide 2: Q1 FY24 Financial Performance
Q1 FY24 Financial Performance Polycab India Limited | Q1 FY24 Earnings Presentation 2
Slide 3: Key Highlights
Key Highlights Top-line (Revenue) Operating (EBITDA) Operating (EBITDA) Profitability (PAT) Profitability (PAT) Q1 FY24: 38,894 Mn Q1 FY24: 5,486 Mn Q1 FY24: 4,028 Mn 42% YoY 77% YoY 81% YoY -10% QoQ -9% QoQ -6% QoQ Mobile App Polycab India Limited | Q1 FY24 Earnings Presentation 3
Slide 4: Q1 FY24: Business on Accelerated Growth Trajectory
Q1 FY24: Business on Accelerated Growth Trajectory Revenue (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn) 43,237 14.0% 14.1% 10.4% 38,894 9.9% 8.1% 11.3% 6,032 4,284 5,486 4,028 27,366 3,098 2,225 42% YoY -10% QoQ 77% YoY -9% QoQ 81% YoY -6% QoQ Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY
Slide 5: Business Mix
Business Mix Product Mix Mode of Sales 3% 8% 9% Wires & Cables Domestic Business FMEG International Business Others 89% 91% Polycab India Limited | Q1 FY24 Earnings Presentation 5
Slide 6: Wires & Cables
Wires & Cables Polycab India Limited | Q1 FY24 Earnings Presentation 6
Slide 7: Riding the Wave of Robust Demand
Riding the Wave of Robust Demand Revenue (₹ Mn) EBIT (₹ Mn) Margin 39,347 14.6% 14.8% 34,874 7, 000 11.5% 5,728 25. 0% 23. 0% 23,885 6, 000 5,153 21. 0% 19. 0% 5, 000 17. 0% 15. 0% 4, 000 3, 000 2,756 13. 0% 11. 0% 9. 0% 7. 0% 2, 000 5. 0% 46% YoY 87% YoY -10% QoQ 3. 0% -11% QoQ 1, 000 1. 0% - - 1.0
Slide 8: Domestic Business: Distribution-led Efficient Business
Domestic Business: Distribution-led Efficient Business Zone-Wise Distributors Split Channel Financing & Advances 83% 83% 20% 20% 75% West 72% South North 64% 64% East 31% 29% FY19 FY20 FY21 FY22 FY23 Q1 FY24 Polycab India Limited | Q1 FY24 Earnings Presentation 8
Slide 9: International Business: Expanding Global Footprint with Granular Order Book
International Business: Expanding Global Footprint with Granular Order Book International Business Sales International Business Spread ₹ 13.8 Bn 70 72 63 ₹ 11.0 Bn 58 53 ₹ 9.2 Bn 48 ₹ 7.4 Bn ₹ 3.4 Bn ₹ 2.5 Bn FY19 FY20* FY21 FY22 FY23 Q1 FY24 FY19 FY20 FY21 FY22 FY23 Q1 FY24 *Includes one-off large
Slide 10: FMEG
FMEG Polycab India Limited | Q1 FY24 Earnings Presentation 10
Slide 11: Weak Consumer Demand Reins In Growth
Weak Consumer Demand Reins In Growth Revenue (₹ Mn) EBIT (₹ Mn) Margin 3,130 2.0% -1.8% -2.3% 62 3,052 3,029 3% YoY 3% QoQ -56 -71 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 ▪ FMEG business was muted during the quarter as weak consumer sentiment weighed down on sales. However, the segment showe
Slide 12: Others
Others Polycab India Limited | Q1 FY24 Earnings Presentation 12
Slide 13: Other Segments
Other Segments Revenue (₹ Mn) EBIT (₹ Mn) Margin 1,227 14.0% 1,013 12.5% 751 5.5% 154 105 56 63% YoY 21% QoQ 47% YoY 174% QoQ Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 ▪ Other segment largely comprises of our EPC business ▪ Total income at ₹ 1,227 Mn grew by 63% YoY ▪ Segmental EBIT grew by 47
Slide 14: Q1 FY24 Titbits
Q1 FY24 Titbits Polycab declared to be among the Set up the HOHM Booth Green Wires TVC Top 50 Best Indian Brands by Interbrand at Home Expo 2023 New Arena Stores Ahmednagar, Maharashtra Vijayawada, Andhra Pradesh Tumakuru, Karnataka Vadodara, Gujarat Polycab India Limited | Q1 FY24 Earnings Presenta
Slide 15: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Q1 FY24 Earnings Presentation 15
Slide 16: Shareholding Pattern
Shareholding Pattern 14.6% 15.3% Promoters DII 2.8% 66.5% FII 66.0% QIB + AIF 8.1% Others 7.3% Note: As on 30th June 2023. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AI
Slide 17: Financial Statements
Financial Statements Polycab India Limited | Q1 FY24 Earnings Presentation 17
Slide 18: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Particulars (₹ Mn) Q1 FY24 % Q4 FY23 % Q1 FY23 % Revenue from Operations 38,894 100.0% 43,237 100.0% 27,366 100.0% Cost of Goods sold 28,581 73.5% 32,357 74.8% 20,524 75.0% Contribution (A) 10,313 26.5% 10,880 25.2% 6,842 25.0% Employee Cost 1,349 3.5%
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Jun-23 Mar-23 Jun-22 Particulars (₹ Mn) Jun-23 Mar-23 Jun-22 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 23,694 23,177 20,716 Share Capital 1,499 1,498 1,496 Non-current Deposits 36 6 7 Reserves and Surplus 65,763 64
Slide 20: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Particulars (₹ Mn) Q1 FY24 Q4 FY23 Q1 FY23 Net Cash Flow from Operating Activities -4,080 1,199 -2,053 Net cash flow from/ (used in) investing activities 6,823 -946 3,541 Net cash flow from/ (used in) financing activities -2,717 -81 -2,095 Net Increase / (Dec
Slide 21: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q1 FY24 FY23 FY22 FY21 Q1 FY24 FY23 FY22 FY21 Receivable Days 26 33 41 59 31 32 39 59 Inventory Days 98 89 81 108 113 102 85 110 Payable Days 55 71 67 102 70 85 63 102 Net Working Capital 69 51 54 65 74 50 61 67 Other Income (₹ Mn) Q1 FY24
Slide 22: 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, will, 2. Revenue: Revenue from operations would,
Slide 23: THANK YOU
Polycab India Limited THANK YOU Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Scan for Condensed Website: www.polycab.com Scan for Financial Results Financial Statements Download Link Download Link Polycab India Limit