Polycab India Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 21, 2020 at 11:16 am
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Polycab India Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 25,076.53 million compared to INR 20,486.62 million a year ago. Net income was INR 2,187.8 million compared to INR 1,933.36 million a year ago. Basic earnings per share was INR 14.73 compared to INR 13.69 a year ago. Diluted earnings per share was INR 14.67 compared to INR 13.69 a year ago. For the nine months, total revenue was INR 67,469.09 million compared to INR 55,639.94 million a year ago. Net income was INR 5,451.2 million compared to INR 3,593.21 million a year ago. Basic earnings per share was INR 36.78 compared to INR 25.45 a year ago. Diluted earnings per share was INR 36.69 compared to INR 25.45 a year ago.
Polycab India Limited is a manufacturer of wires and cables. The Company is engaged in fast-moving electrical goods (FMEG). The Company operates through three segments: Wires and cables, FMEG and Other. Wire and Cable segment is engaged in the manufacturing and selling of wires and cables. Fast-moving electrical goods (FMEG) segment is engaged in fans, light-emitting diode (LED) lighting and luminaires, switches, switchgear, solar products, pumps, conduits, and domestic appliances. Others segment is comprised of the engineering, procurement, and construction (EPC) business, which includes design, engineering, supply of materials, survey, execution and commissioning of power distribution, rural electrification projects on a trunky basis. It is also in the business of engineering, procurement, and construction (EPC) projects. The Company owns approximately 25 manufacturing facilities, located across the states of Gujarat, Maharashtra, Uttarakhand, and the union territory of Daman.
POLYCAB INDIA LIMITED 
