Polycab India542652Quarterly results

Board Meeting Outcome: Q2 FY27 results approved; 141,080 equity shares allotted under ESOS

Board met on Oct 15, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended Sep 30, 2026.

By ScoutQuest · Thu 15 Oct 2026, 1:00 PM IST · 3 min read

Consolidated · ₹ million · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	98,989.01	64,772.11	+52.8%	82,097.32	+20.6%
Total income	99,872.68	65,226.44	+53.1%	83,146.47	+20.1%
Profit before tax	13,062.20	9,210.01	+41.8%	10,582.23	+23.4%
Profit after tax	9,899.97	6,929.59	+42.9%	7,966.54	+24.3%
Total comprehensive income	9,949.83	6,955.36	+43.1%	7,884.24	+26.2%
Basic EPS	64.87	45.54	+42.4%	52.09	+24.5%

Total Income YoY Growth: +53.1%
Period: Quarter ended 30 Sep 26

Auditor's review

Conclusion: Unmodified

Notes to the results

NCLT Ahmedabad on October 07, 2026 admitted a Section 9 IBC petition over an alleged operational debt of ₹27.9 million; NCLAT on October 09, 2026 stayed and kept the order in abeyance.
Company expects no material impact from the NCLT matter, citing a strong case and that it is a commercial dispute; the matter remains sub-judice.
EPR obligations under Hazardous and Other Wastes Amendment Rules, 2025 effective 1 April 2026; Group currently unable to reliably estimate the potential impact.

Board meeting outcome

Polycab India's board met on Thursday, October 15, 2026, from 11.30 a.m. to 12.50 p.m. The board considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, together with the limited review reports issued by B S R & Co. LLP, Chartered Accountants, the statutory auditors. The results were reviewed and recommended by the Audit Committee, and the auditors' conclusion is unmodified: nothing came to their attention that causes them to believe the statement contains any material misstatement.

Share allotment

141,080 equity shares of ₹ 10 each were allotted to option grantees on exercise of options under the Company's Employee Stock Option Scheme 2018.
As a result, the paid-up equity share capital of the Parent Company increased from 15,05,50,508 equity shares of ₹ 10 each to 15,06,91,588 equity shares of ₹ 10 each.

Quarterly numbers as printed

Consolidated, quarter ended September 30, 2026 (unaudited) - Revenue from operations 98,989.01, Total income 99,872.68, Profit before tax 13,062.20, Profit for the period 9,899.97 (all in ₹ million).

Standalone, quarter ended September 30, 2026 (unaudited) - Revenue from operations 98,396.62, Total income 99,257.39, Profit before tax 12,741.23, Profit for the period 9,651.73 (all in ₹ million).

Insolvency petition update

The Hon'ble National Company Law Tribunal, Ahmedabad Bench, by its order dated October 07, 2026, had admitted a petition shared under Section 9 of the Insolvency and Bankruptcy Code, 2016 in respect of an alleged operational debt of ₹ 27.9 million.
The Parent Company shared an appeal before the Hon'ble National Company Law Appellate Tribunal, Principal Bench, New Delhi, which by its order dated October 09, 2026 has stayed and kept in abeyance the order passed by the Hon'ble NCLT.
The Parent Company, in consultation with its legal advisors, is of the opinion that it has a strong case with good grounds of appeal, including that it is a commercial dispute, and expects no material impact on its financial position or business operations. The matter remains sub-judice and will be closely monitored on an ongoing basis.

Environmental rules

The Ministry of Environment, Forest and Climate Change has notified the Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2025, effective from April 1, 2026, under which Extended Producer Responsibility obligations have been imposed on producers, including cables and wires manufacturers, for recycling of non-ferrous metal scrap, to be fulfilled by purchasing EPR certificates from registered recyclers via a Centralized Online Portal.
The Group is currently unable to reliably estimate the potential impact of these rules and will continue to assess its ability to measure its obligations as and when the implementation framework is available.

What this update is

An outcome-of-board-meeting disclosure that carries the quarter and half-year numbers with an unmodified limited review conclusion, a share allotment under the employee stock option scheme, and updates on a legal matter kept in abeyance and on new recycling obligations.

99,872.68 (₹ million)Consolidated Total income

Total income, quarter83,146.47 (₹ million)

Total comprehensive income, latest quarter9,949.83 (₹ million)

Total comprehensive income, year-ago quarter6,955.36 (₹ million)

Consolidated Total income 99,872.68 (₹ million): Total income, quarter 83,146.47 (₹ million), Total comprehensive income, latest quarter 9,949.83 (₹ million), Total comprehensive income, year-ago quarter 6,955.36 (₹ million).

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