News Details

( As on 23/10/2021 08:10)

Polycab India Q2 net profit down 6.64% at Rs 198.00 cr

The company reported standalone net profit of Rs 198.00 crore for the quarter ended September 30, 2021 as compared to Rs 212.09 crore in the same period last year, registering a year-on-year decline of 6.64 per cent.

Net revenue of the company rose substantially by 42.73 per cent at Rs 2,990.22 crore in July-September quarter of this fiscal as against Rs 2,094.96 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 50.22 per cent to Rs 2,700.98 crore from Rs 1,798.01 crore in year ago period.

Other Income dipped by 14.32 per cent at Rs 25.73 crore versus (Sep'20 Rs 30.03 crore).

Operating Profit slipped by 2.60 per cent to Rs 289.24 crore as against Rs 296.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.76 per cent in September quarter.

Interest declined by 48.54 per cent y-o-y to Rs 4.57 crore, while Taxation decreased by 1.27 per cent at Rs 62.95 crore (Sep'20 Rs 63.76 crore).