Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q2 FY26 Earnings Presentation
22 slides from Polycab India's earnings presentation, Oct 17, 2025
Slide 1: Exchange filing cover letter: Earnings Presentation under Regulation 30
Date: October 17, 2025 To To Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex Dalal Street, Mumbai, MH - 400001 Bandra (E), Mumbai, MH - 400051 Scrip Code: 542652 Scrip Symbol: POLYC
Slide 2: Q2 FY26 Presentation
Q2 FY26 Presentation 17 October 2025
Slide 3: Q2 FY26 Financial Performance
Q2 FY26 Financial Performance Polycab India Limited | Q2 FY26 Earnings Presentation 2
Slide 4: Key Highlights
Key Highlights Top-line Top-line Operating Operating Profitability Profitability Profitability (PAT) (Revenue) (Revenue) (EBITDA) (EBITDA) (PAT) (PAT) Q2FY26: 64,772 Mn Q2FY26: 10,207 Mn Q2FY26: 6,930 Mn 18% YoY 62% YoY 56% YoY 10% QoQ 19% QoQ 16% QoQ H1FY26: 1,23,832 Mn H1FY26: 18,784 Mn H1FY26: 12
Slide 5: Sustained Revenue Growth with Strong Earnings Momentum
Sustained Revenue Growth with Strong Earnings Momentum Revenue (₹ Mn) EBITDA (₹ Mn) Margin PAT (₹ Mn) Margin 1,23,832 15.8% 15.2% 10.2% 10.7% 10.4% 14.5% 8.1% 8.3% 1,01,965 11.5% 11.9% 18,784 12,927 59,060 64,772 54,984 12,149 8,468 10,207 6,930 8,576 5,997 6,316 4,452 18% YoY 10% QoQ 21% YoY 62% Yo
Slide 6: Wires & Cables
Wires & Cables Polycab India Limited | Q2 FY26 Earnings Presentation 5
Slide 7: Robust Performance Driven by Broad-Based Demand
Robust Performance Driven by Broad-Based Demand Revenue (₹ Mn) EBIT (₹ Mn) Margin 1,07,641 14.7% 15.1% 14.9% 85,697 12.4% 12.6% 21, 000 25. 0% 16,046 23. 0% 21. 0% 51,312 56,329 19. 0% 46,588 17. 0% 10,789 14, 000 15. 0% 7,542 8,504 13. 0% 11. 0% 7, 000 5,785 9. 0% 7. 0% 5. 0% 21% YoY 10% QoQ 26% Yo
Slide 8: FMEG
FMEG Polycab India Limited | Q2 FY26 Earnings Presentation 7
Slide 9: Executing with Discipline, Delivering with Consistency
Executing with Discipline, Delivering with Consistency Revenue (₹ Mn) EBIT (₹ Mn) Margin 8,897 2.1% 0.5% -3.6% 1.3% 7,675 -6.5% 4,459 4,437 -75% 3,881 120 96 24 14% YoY 0% QoQ 16% YoY -252 -279 Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 ▪ The FMEG business maintained its s
Slide 10: EPC
EPC Polycab India Limited | Q2 FY26 Earnings Presentation 9
Slide 11: EPC Segment
EPC Segment Revenue (₹ Mn) EBIT (₹ Mn) Margin 9,246 18.1% 10.3% 9.7% 13.3% 7,498 7.7% 4,967 997 901 4,024 730 3,474 514 268 -19% YoY 16% QoQ -19% YoY 42% YoY 173% QoQ 11% YoY Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 • Revenue for both Q2 and H1 FY26 declined by 19% YoY •
Slide 12: Project Spring
Project Spring Polycab India Limited | Q2 FY26 Earnings Presentation 11
Slide 13: Project Spring Update: Execution Momentum Building Up
Project Spring Update: Execution Momentum Building Up FY30 Guidance FY25 H1 FY26 ~1.5x of Market Growth in Core ~1.5x 1.5x-2x segments Business W&C 11 – 13% Ahead of Guidance Ahead of Guidance Wires & Cables EBITDA >10% 6% 5.9% Contribution from Exports 1.5x – 2x ~3x 1.5x - 2x Business FMEG of Marke
Slide 14: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Q2 FY26 Earnings Presentation 13
Slide 15: Shareholding Pattern
Shareholding Pattern 14% 3% Promoter FII 9% DII Q2 FY26 QIB + AIF Others 62% 14% Note: As on 30th September 2025. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands
Slide 16: Financial Statements
Financial Statements Polycab India Limited | Q2 FY26 Earnings Presentation 15
Slide 17: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q2FY26 % Q1FY26 % Q2FY25 % H1FY26 % H1FY25 % Revenue from Operations 64,772 100.0% 59,060 100.0% 54,984 100.0% 1,23,832 100.0% 1,01,965 100.0% Cost of Goods sold 47,209 72.9% 43,188 73.1% 42,025 76.4% 90,397 73.0% 77,440
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Sep-25 Jun-25 Sep-24 Particulars (₹ Mn) Sep-25 Jun-25 Sep-24 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 42,577 39,489 33,607 Share Capital 1,505 1,505 1,504 Non-current Deposits 2,723 2,610 103 Reserves and Surplus
Slide 19: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q2FY26 Q1FY26 Q2FY25 H1FY26 H1FY25 Net Cash Flow from Operating Activities 7,217 10,688 15,464 17,905 13,289 Net cash flow from/ (used in) investing activities 1,398 -10,831 -11,481 -9,433 -9,606 Net cash flow from/ (used in) f
Slide 20: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q2FY26 Q1FY26 FY25 FY24 FY23 Q2FY26 Q1FY26 FY25 FY24 FY23 Receivable Days 38 35 38 33 33 42 40 42 41 32 Inventory Days 97 91 80 91 89 109 93 79 101 102 Payable Days* 105 83 73 81 71 118 98 72 94 85 Net Working Capital 31 43 44 44 51 33 35
Slide 21: 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 22: Thank You
THANK YOU Polycab India Limited Scan for Scan for Condensed Financial Results Financial Statements Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com Download Link Download Link Polycab India Limit