Polycab India Q2 Results Live : Polycab India announced its Q2 results on October 17, 2024, showcasing a remarkable topline growth of 30.37% year-over-year, while profits saw a modest increase of 3.35%. Compared to the previous quarter, revenue grew by 17.04%, and profit increased by 11.08%.
The company reported a rise in selling, general, and administrative expenses, which went up by 17.66% quarter-over-quarter and 16.03% year-over-year. This increase in expenses may have contributed to the slower growth in net profit.
Operating income for Polycab India was up by 8.37% compared to the previous quarter and increased by 1.98% year-over-year. The earnings per share (EPS) stood at ₹29.14 for Q2, reflecting a 3.14% growth year-over-year.
In terms of stock performance, Polycab India has delivered a -4.46% return in the last week but has seen a remarkable 33.6% return over the last six months and a 29.82% year-to-date return. The company currently holds a market capitalization of ₹107087.9 Cr, with a 52-week high of ₹7605 and a low of ₹3801.
As of October 18, 2024, 27 analysts are covering Polycab India. The ratings include 2 analysts recommending ‘Strong Sell’, 2 ‘Sell’, 5 ‘Hold’, 11 ‘Buy’, and 7 ‘Strong Buy’. The consensus recommendation as of this date is to ‘Buy’, indicating a generally positive outlook on the company’s performance.
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