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Polycab India Ltd reports Q3FY21 consolidated PAT of Rs. 262.50 crore



Posted On : 2021-01-23 15:30:59( TIMEZONE : IST )

Polycab India Ltd reports Q3FY21 consolidated PAT of Rs. 262.50 crore

Polycab India Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2833.30 crores during the period ended December 31, 2020 as compared to Rs.2146.42 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.262.50 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.220.54 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.17.55 for the period ended December 31, 2020 as compared to Rs.14.75 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 2833.30 crs₹ 2146.42 crsUp Tick 32%
Net Profit₹ 262.50 crs₹ 220.54 crsUp Tick 19.03%
EPS₹ 17.55₹ 14.75Up Tick 18.98%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2833.30 crores during the period ended December 31, 2020 as compared to Rs.2507.65 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.262.50 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.218.78 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.17.55 for the period ended December 31, 2020 as compared to Rs.14.67 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 2833.30 crs₹ 2507.65 crsUp Tick 12.99%
Net Profit₹ 262.50 crs₹ 218.78 crsUp Tick 19.98%
EPS₹ 17.55₹ 14.67Up Tick 19.63%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5989.94 crores during the 9 months period ended December 31, 2020 as compared to Rs.6746.90 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.600.65 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.545.12 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.40.16 for the 9 months period ended December 31, 2020 as compared to Rs.36.69 for the 9 months period ended December 31, 2019.
Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 5989.94 crs₹ 6746.90 crsDown Tick -11.22%
Net Profit₹ 600.65 crs₹ 545.12 crsUp Tick 10.19%
EPS₹ 40.16₹36.69Up Tick 9.46%

Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: "We saw a great all-round performance in Q3 amidst lingering challenges. Business trends continue to improve and demand for B2C products remains buoyant with improving consumer sentiment. Accordingly, our top line has bounced back to growth along with considerable progress in return ratios, cashflow, financial position, distribution expansion and strategic initiatives. The results demonstrate the durability of our business model as well as our strong execution capability. Our relentless focus on providing quality solutions to customers along with strong organisation capabilities will augment Polycabs stature in the 'Electricals' ecosystem and provide a long pathway for profitable growth."

Source : Equity Bulls

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