Polycab India Shines in Q4: Profit Climbs 7%, ₹47 Dividend Declared

Electrical goods giant Polycab India [POLYCAB] has announced a robust performance for the fourth quarter of the financial year 2023-24 (Q4 FY24), showcasing significant growth in both revenue and profitability. The company reported a consolidated net profit of ₹786 crore, marking a healthy 7% increase compared to the same period last year.

The strong profit growth was underpinned by an impressive surge in operational revenue, which rose by 27% year-on-year to reach ₹8,865 crore. This robust top-line expansion was primarily driven by strong demand across its core segments, particularly wires & cables, which continues to be a major growth engine for the company. The Fast-Moving Electrical Goods (FMEG) division also contributed positively to the overall performance, reflecting expanding market reach and product acceptance.

For the full fiscal year 2023-24, Polycab India [POLYCAB] achieved record-breaking financial metrics, including its highest-ever revenues and impressive margins, underscoring its operational efficiency and market leadership. In recognition of its strong financial health and commitment to shareholder returns, the company's board has recommended a substantial dividend of ₹47 per equity share for FY24. This generous dividend proposal reflects Polycab's confidence in its sustained growth trajectory and its dedication to sharing success with investors.

The results highlight Polycab India's resilience and strategic execution in a dynamic market, positioning it for continued success in the Indian electrical goods sector.

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