Polycab India Ltd Q4FY21 consolidated net profit higher at Rs. 281.44 crore

Polycab India Ltd. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3064.79 crores during the period ended March 31, 2021 as compared to Rs.2833.30 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.281.44 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.262.50 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.18.80 for the period ended March 31, 2021 as compared to Rs.17.55 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 3064.79 crs	₹ 2833.30 crs	8.17%
Net Profit	₹ 281.44 crs	₹ 262.50 crs	7.22%
EPS	₹ 18.80	₹ 17.55	7.12%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3064.79 crores during the period ended March 31, 2021 as compared to Rs.2175.83 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.281.44 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.213.93 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.18.80 for the period ended March 31, 2021 as compared to Rs.14.28 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 3064.79 crs	₹ 2175.83 crs	40.86%
Net Profit	₹ 281.44 crs	₹ 213.93 crs	31.56%
EPS	₹ 18.80	₹ 14.28	31.65%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.9054.73 crores during the 12 months period ended March 31, 2021 as compared to Rs.8922.74 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.882.09 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.759.05 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.58.96 for the 12 months period ended March 31, 2021 as compared to Rs.50.97 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 9054.73 crs	₹ 8922.74 crs	1.48%
Net Profit	₹ 882.09 crs	₹ 759.05 crs	16.21%
EPS	₹ 58.96	₹50.97	15.68%

Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: "FY21 has been an extraordinary year marked by disruption, resilience, compassion, and transformation. Our endeavour to ensure safety of Polycabians and help the society at large remains untethered. Concurrently, we also ensured uninterrupted operations through agility and technology which helped us leverage the favourable market trends and report robust business performance in the fourth quarter. We are excited to commence on a journey towards our five-year vision which will shift orbits of our brand positioning, operations, and business growth along with strong emphasis on governance and sustainability. Considering our ongoing transformation initiatives, I believe we are well placed to take a leap and create long term value for everyone connected to Polycab."

Shares of Polycab India Ltd. was last trading in BSE at Rs. 1543.15 as compared to the previous close of Rs. 1550.35. The total number of shares traded during the day was 29,616 and the deliverable quantity was 10,934 shares.

The stock hit an intraday high of Rs. 1574.65 and intraday low of Rs. 1530.

Source : Equity Bulls

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