According to Bombay Stock Exchange (BSE) filing, Polycab India recorded a net profit of Rs 3.25 billion for the fourth quarter (Q4) ending March 31, 2022, witnessing a 20 per cent year-on-year (Y-o-Y) growth. Polycab is a wires and cables manufacturer.
A year ago and during the same quarter, the company recorded a net profit of Rs 2.71 billion. Meanwhile, the revenue from operations during the quarter under review increased 34.90 per cent to Rs 39.69 billion compared to Rs 29.42 billion a year ago. For FY’22, the company’s net profit rose marginally by 3.53 per cent to Rs 9.17 billion as against Rs 8.85 billion in FY’21.
Additionally, in 2020-21, revenue from operations surged 38.80 per cent to Rs 122.03 billion from Rs 87.92 billion in FY’21.