- Net Income: Polycab India reported a net income of 3.96 billion rupees for the first quarter, which is 0.8% lower than the previous year and below the estimated 4.29 billion rupees.
- Revenue: The company’s revenue for the first quarter was 47 billion rupees, an increase of 21% year-over-year, beating the estimate of 46.36 billion rupees.
- Wires and Cable Revenue: Revenue from wires and cables rose to 39.4 billion rupees, representing a 12% growth year-over-year.
- FMEG Revenue: Revenue from Fast-Moving Electrical Goods (FMEG) increased to 3.85 billion rupees, up by 22% year-over-year.
- Other Revenue: Other revenue surged to 5.19 billion rupees, significantly higher than 1.53 billion rupees in the previous year.
- Total Costs: The total costs for the quarter stood at 42.2 billion rupees, a 23% increase year-over-year.
- Analyst Ratings: The company’s stock has 21 buy ratings, 7 hold ratings, and 4 sell ratings.
A look at Polycab India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Polycab India is poised for a promising long-term outlook, as indicated by its Smartkarma Smart Scores. With above-average ratings in Growth, Resilience, and Momentum, the company shows strong potential for sustained success in the future. Polycab India’s focus on expansion and ability to weather challenges in the market position it well for continued growth.
While the Value and Dividend scores are not as high as other factors, the overall positive outlook for Polycab India suggests that investors may find value in the company’s growth prospects and resilience. As a producer and distributor of electronic equipment in India, Polycab India remains well-positioned to capitalize on the evolving market trends and customer demands in the region.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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