Polycab India rises on robust third-quarter profit growth
Shares of Polycab India POLC.NS rise 3% to 7356 rupees, snapping a six-session losing run, on track for best day in a month
Wires and cables maker posted third-quarter profit rise of 36% yoy, rev jump of 46% on Friday
Shares of POLC closed nearly 3% down on Friday
Brokerage Jefferies says co posted strong December-quarter cables and wires volume growth at 40% YoY, led by share gains, private capex, housing, and restocking aiding wires demand
However, adds co's margins were impacted, as commodity price rise was not passed on entirely in third quarter to protect demand
Over FY25-28e, we estimate PAT compound annual growth of 25% led by volume growth and FMEG (fast moving electrical goods) segment margin improvement - Jefferies
POLC rated "Buy" on avg by 29 analysts covering it; median PT at 8839 rupees - data compiled by LSEG
In 2025, POLC gained ~5%
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