Highest ever Q2 and half year revenue, EBITDA and profitability; press release on unaudited results
Q2 FY27 revenue ₹ 98,989 Mn, up 53% YoY; EBITDA ₹ 14,225 Mn; PAT ₹ 9,900 Mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- ₹ 98,989 Mn, up 53% YoY
- H1 FY27 Revenue / EBITDA / PAT
- ₹ 1,81,086 Mn; ₹ 25,587 Mn; ₹ 17,867 Mn
- Net Cash
- ₹ 45.2 Bn as of 30th September 2026
The headline claim
The press release describes the second quarter and half year ended September 30, 2026 as the company's highest ever for revenue, EBITDA and profitability.
Q2 FY27 (quarter ended September 30, 2026)
- Revenue: ₹ 98,989 Mn, up 53% year-on-year.
- EBITDA: ₹ 14,225 Mn.
- PAT (profit after tax): ₹ 9,900 Mn.
The company says the revenue growth came from robust execution across both the Wires & Cables business and the Fast-Moving Electrical Goods (FMEG) business.
H1 FY27 (half year ended September 30, 2026)
- Revenue: ₹ 1,81,086 Mn.
- EBITDA: ₹ 25,587 Mn.
- PAT: ₹ 17,867 Mn.
What the company says drove the performance
- The Wires & Cables business grew faster than the company overall, led by domestic revenues, with channel sales growing faster than institutional sales; the international business also grew.
- The FMEG segment had its strongest quarter so far, with solar the largest contributor to segment revenue and segment profitability improving.
- The EPC business also grew, supported by a healthy order book.
Balance sheet
Net cash position stood at ₹ 45.2 Bn as of 30th September 2026.
What the management said
The Chairman and Managing Director said Q2 FY27 was another quarter of strong execution and meaningful progress, and that the domestic demand environment continues to be encouraging, supported by healthy infrastructure spending, increasing electrification opportunities and improving private sector investment activity. He added that the international business maintained its growth momentum despite an uncertain geopolitical environment.
How to read this
The release sets out both the quarterly and the half-yearly revenue, EBITDA and PAT figures, so the two periods can be looked at as the company presents them. The commentary links the performance to demand conditions and execution in the company's main businesses.
Also from Polycab India
Seven institutional investor and analyst meets scheduled between October 28 and December 1, 2026
23 Oct 2026
Q2 FY27 earnings call transcript: record revenue and profit; FMEG EBIT margin at 10.1%
19 Oct 2026
One-on-one meet with JP Morgan Asset Management fixed for October 23, 2026
19 Oct 2026
More numbers
- Q2 FY27 revenue₹ 98,989 Mn
- Q2 FY27 revenue growth year-on-year53%
- Q2 FY27 EBITDA₹ 14,225 Mn
- Q2 FY27 PAT₹ 9,900 Mn
- H1 FY27 revenue₹ 1,81,086 Mn
- H1 FY27 EBITDA₹ 25,587 Mn
- H1 FY27 PAT₹ 17,867 Mn
- Net cash position as of 30th September 2026₹ 45.2 Bn
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