Polycab India reports strong Q3 revenue and profit growth, yet its stock drops 9% post-earnings.
Polycab India reported a 20% increase in revenue and an 11% rise in profit for Q3 FY25, with robust growth across segments. The Wires and Cables (W&C) segment grew by 12%, while the international business saw a 62% year-over-year increase. Despite strong financial performance, the company's shares fell by 9% post-earnings release. Polycab aims for continued growth, targeting 1.5x market growth in its W&C business and setting EBITDA margin expectations between 11-13%.
2 months ago
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