Advertisement
Monday, Dec 06, 2021
Outlook.com
Outlook.com

Polycab's Net Profit Fell 9.49 Per Cent To Rs 200.52 Crore In Q2

Its wire and cable business grew 46 per cent to Rs 2,548 crore in the second quarter. The company's fast-moving electric goods segment grew 41 per cent to Rs 342.9 crore.

Polycab's Net Profit Fell 9.49 Per Cent To Rs 200.52 Crore In Q2
Polycab's Net Profit Fell 9.49 Per Cent To Rs 200.52 Crore In Q2
outlookindia.com
2021-10-22T21:17:56+05:30

Wires and cables maker Polycab India's consolidated net profit declined 9.49 per cent in the second quarter to Rs 200.52 crore. It had incurred a net profit of Rs 221.55 crore in the year-ago period. 

Revenues went up 48 per cent to reach Rs 3,128.83 crore compared to Rs 2,113.68 crore recorded in the same quarter, last year. Its wire and cable business grew 46 per cent to Rs 2,548 crore in the second quarter. The company's fast-moving electric goods segment grew 41 per cent to Rs 342.9 crore. 

"We had a healthy second quarter. Robust sales growth was underpinned by market share gains across categories. Given the strengthening macroeconomic fundamentals, we see a massive opportunity to spread our wings across B2B as well as B2C categories by leveraging on our strong brand equity and increased consumers affinity for our products," Polycab India chairman and managing director Inder T Jaisinghani added.

Shares of the company on Friday were closed at Rs 2,262 apiece, up 1.76 per cent on the BSE.

(With inputs from PTI) 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Nagaland Ambush: Clamour Grows For Revocation Of AFSPA As Death Toll Touches 15

Nagaland Ambush: Clamour Grows For Revocation Of AFSPA As Death Toll Touches 15

Nagaland civilian killings are likely to derail the peace process at a time when New Delhi was fast-tracking talks with several political groups in the insurgency-hit region.

Putin Sends Out A Strong Message By Coming For A In-Person Meeting With PM Modi

Putin Sends Out A Strong Message By Coming For A In-Person Meeting With PM Modi

Prime Minister Modi and Vladimir Putin have a clear vision of the India-Russia relations and are unlikely to be battered by ties with third countries (China-Russia or India-US).

How To Regain Ashes? KP Has Few Tips For Root’s England

How To Regain Ashes? KP Has Few Tips For Root’s England

England’s Test record in Australia is abysmal – nine defeats in the last 10 matches. The Three Lions last won the Ashes in 2011.

Article 370: Can Farooq Abdullah Save His Father Sheikh Abdullah's Political Legacy In J&K?

Article 370: Can Farooq Abdullah Save His Father Sheikh Abdullah's Political Legacy In J&K?

National Conference leader Farooq Abdullah paid tributes to his father Sheikh Abdullah on his birth anniversary in Srinagar.

Advertisement