Polycab India Board Approves FY26 Annual Results, Recommends ₹47 Per Share Dividend

The Board of Directors of Polycab India , at its meeting held on May 06, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were reviewed and recommended by the Audit Committee and carry an unmodified opinion from statutory auditors B S R & Co. LLP, Chartered Accountants. The board meeting commenced at 11:00 a.m. and concluded at 02:28 p.m.

Consolidated Financial Performance

Polycab India delivered a robust financial performance for FY26 on a consolidated basis. Revenue from operations grew to ₹2,88,837.92 million from ₹2,24,083.13 million in FY25. Total income for the year reached ₹2,91,200.44 million compared to ₹2,26,159.49 million in the previous year. Net profit for the year rose to ₹27,084.27 million from ₹20,455.37 million in FY25. For the quarter ended March 31, 2026, revenue from operations stood at ₹88,644.77 million, compared to ₹69,857.98 million in the same quarter of the prior year.

The following table summarises the key consolidated financial metrics:

Metric: Q4 FY26 (31 Mar 26) Q4 FY25 (31 Mar 25) FY26 (Year Ended 31 Mar 26) FY25 (Year Ended 31 Mar 25) Revenue from Operations (₹ million): 88,644.77 69,857.98 2,88,837.92 2,24,083.13 Total Income (₹ million): 89,248.95 70,338.68 2,91,200.44 2,26,159.49 Profit Before Tax (₹ million): 10,492.88 9,605.57 36,130.75 27,008.45 Net Profit (₹ million): 7,856.04 7,343.62 27,084.27 20,455.37 Basic EPS (₹): 52.18 48.31 177.53 134.34 Diluted EPS (₹): 52.00 48.13 176.95 133.80

Segment-Wise Performance

Across its three business segments on a consolidated basis, the Wires and Cables segment remained the dominant revenue contributor for FY26 at ₹2,55,344.18 million, compared to ₹1,92,366.33 million in FY25. The FMEG segment reported revenue of ₹20,693.28 million for FY26 versus ₹16,821.75 million in FY25, while the EPC segment recorded revenue of ₹16,664.96 million compared to ₹19,192.39 million in FY25. In terms of segment results, Wires and Cables contributed ₹34,781.17 million for FY26, FMEG contributed ₹548.38 million (against a loss of ₹389.26 million in FY25), and EPC contributed ₹1,655.50 million.

Segment: FY26 Revenue (₹ million) FY25 Revenue (₹ million) FY26 Segment Result (₹ million) FY25 Segment Result (₹ million) Wires and Cables: 2,55,344.18 1,92,366.33 34,781.17 26,203.17 FMEG: 20,693.28 16,821.75 548.38 (389.26) EPC: 16,664.96 19,192.39 1,655.50 1,806.40

Standalone Financial Highlights

On a standalone basis, Polycab India reported revenue from operations of ₹2,81,851.77 million for FY26, compared to ₹2,20,515.45 million in FY25. Total income for the year stood at ₹2,84,124.65 million versus ₹2,22,589.40 million in FY25. Profit before tax for FY26 was ₹34,684.15 million compared to ₹26,199.73 million in FY25, and net profit for the year was ₹26,009.47 million against ₹19,865.74 million in the prior year. Basic earnings per share on a standalone basis stood at ₹172.81 for FY26, compared to ₹132.12 in FY25.

Dividend Recommendation

The Board has recommended a final dividend of ₹47 per equity share of face value ₹10 each for FY26, representing a payout of 470%. This recommendation is subject to approval by members at the ensuing Annual General Meeting. If approved, the dividend will be paid within 30 days from the date of the Annual General Meeting. The Book Closure and Record Date for dividend purposes will be intimated in due course.

Corporate Governance and Organisational Changes

The Board approved several key governance and management decisions at its May 06, 2026 meeting:

Auditor Re-appointments: Ernst & Young LLP re-appointed as Internal Auditors for FY2026-27; R. Nanabhoy & Co., Cost Accountants, re-appointed as Cost Auditors for FY2026-27.

Senior Management Redesignations (effective May 06, 2026): Mr. Ishwinder Khurana as Chief Executive Officer – B2C; Mr. Hetal Shah as Chief Executive Officer – EPC; Mr. Ashish D. Jain as Chief Executive Officer – Telecom; and Mr. Rakesh Talati as Director (Non-board member) – Operations and Chief Operations Officer.

Changes in SMP List (effective May 06, 2026): Mr. Ritesh Arora, President & Chief Digital Officer, and Mr. Rakesh Rajput, President and Head – B2B Sales (North and East), removed from the SMP list owing to a change in the organisation's reporting structure; both will continue as employees of the Company.

CFO Tenure Extension: The tenure of Mr. Niyant Maru as Chief Financial Officer has been extended from July 17, 2026 till April 16, 2027.

During the year ended March 31, 2026, the Company allotted 1,24,610 equity shares of ₹10 each to option grantees under its Employee Stock Option Scheme 2018, increasing paid-up equity share capital from 15,04,25,898 equity shares to 15,05,50,508 equity shares of ₹10 each. The NCLT, Ahmedabad Bench, also approved the Scheme of Amalgamation between the Company and Uniglobus Electricals and Electronics Private Limited, a wholly owned subsidiary, with an appointed date of April 01, 2025, vide its order dated February 27, 2026.

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