Polycab Q1FY24 Results:
Polycab Q1 results show revenue fell from 4375.19 crores to 3953.38 crores, a -9.64% decrease in growth. EPS down from ₹28.29 to ₹26.57, down by -6.08%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Polycab shared its Q1 results on Tuesday. They earned 3953.38 crores in revenue this quarter, but that’s less than the 4375.19 crores they made last quarter. Unfortunately, the company’s growth decreased by -9.64 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 399.272 crores, down from 424.750 crores in the previous quarter. Their quarter-to-quarter growth decreased by -6.00 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹26.57, which is a decrease of 28.29% from the ₹-6.08 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 3953.38 crores this year (2023), which is 42.16 percent higher than last year’s total revenue of 2780.90 crores.
This year’s PAT (Profit After Tax) is 399.27 crores, which is also 81.69% higher than last year’s PAT of 219.75 crores.
The EPS (Earnings Per Share) for this year is ₹26.57, which is 81.37% more than the EPS of ₹14.65 earned last year.
Also Read: HeidelbergCement Q1FY24 Results: Consolidated PAT of Rs. 52.32 Cr
Polycab Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹20 per Equity Share of Face Value of ₹10 each of the Company.
About Polycab :
Polycab India Limited is a manufacturer and distributor of electronic equipment. The company specializes in producing cables, wires, fans, switches, lighting equipment, junction boxes, circular lids, inspection bends, and various accessories. Polycab India caters to customers located in India.
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