Polycab India Ltd Q2 FY2023 consolidated PAT higher at Rs. 267.79 crores

Polycab India Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 3330.142 crores during the period ended September 30, 2022 as compared to Rs. 2780.904 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 267.796 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 219.757 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 17.84 for the period ended September 30, 2022 as compared to Rs. 14.65 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 3330.142 crs	₹2780.904 crs	19.75%
Net Profit	₹267.796 crs	₹219.757 crs	21.86%
EPS	₹17.84	₹14.65	21.77%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 3330.142 crores during the period ended September 30, 2022 as compared to Rs.3034.037 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.267.796 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.195.206 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.17.84 for the period ended September 30, 2022 as compared to Rs.13.19 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 3330.142 crs	₹3034.037 crs	9.76%
Net Profit	₹267.796 crs	₹195.206 crs	37.19%
EPS	₹17.84	₹13.19	35.25%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.6111.046 crores during the 6 Months period ended September 30, 2022 as compared to Rs.4913.233 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.487.553 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.267.646 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.32.49 for the 6 Months period ended September 30, 2022 as compared to Rs.18.11 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹6111.046 crs	₹4913.233 crs	24.38%
Net Profit	₹487.553 crs	₹267.646 crs	82.16%
EPS	₹32.49	₹18.11	79.40%

Shares of Polycab India Limited was last trading in BSE at Rs. 2620.15 as compared to the previous close of Rs. 2569.20. The total number of shares traded during the day was 122151 in over 2725 trades.

The stock hit an intraday high of Rs. 2625.45 and intraday low of 2552.90. The net turnover during the day was Rs. 314676643.00.

Source : Equity Bulls

Keywords

PolycabIndia Q2FY23 H1FY23 ResultUpdate