Polycab India shares: Nirmal Bang, which met CFO Gandharv Tongia and Head of Investor Relations Chirayu Upadhyaya said the focus is on enhancing market presence through increased A&P spends.
Polycab India would be hosting an earnings conference call at 12 pm today, wherein the senior management of the company will discuss financial results for the quarter.
Polycab share price: Polycab India reported a double-digit growth in both profit and revenue for the quarter ended December. The consolidated net profit rose 15.4% year-on-year (YoY) to Rs 413 crore while the consolidated revenue from operations grew nearly 17% YoY to Rs 4,340 crore. Sequentially, the bottomline fell 3% versus Rs 430 crore in Q2FY24, while the topline rose a moderate 3%.
Polycab India Q3: BNP Paribas sees adjusted profit at Rs 447.20 crore, up 25 per cent. It sees sales rising 22 per cent to Rs 4,539.20 crore amid resilience in the demand for cables and wires, both in domestic and international market.
Polycab India Q3 results: Prabhudas Lilladher said it expects sales to grow 12 per cent YoY with Wires & Cables growing 11.1 per cent, a lower growth due to last 10 days of disruption in business and slowdown in wire business.