Polycab India Limited has made the audio recording of its Q3 FY26 earnings conference call available on its website, following regulatory requirements under SEBI regulations. The company notified both BSE Limited and the National Stock Exchange of India Limited about this development on January 16, 2026.

Conference Call Details

The earnings conference call was conducted on January 16, 2026, where the senior management team discussed the company's performance for the quarter ended December 31, 2025. The session included an interactive question and answer segment with investors and analysts, providing stakeholders with insights into the company's quarterly results.

Regulatory Compliance

The submission of the audio recording aligns with the company's compliance obligations under multiple SEBI regulations. The notification was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the disclosure of material events and information.

Additionally, pursuant to Regulation 46(2) of the same SEBI regulations, the audio recording has been uploaded to the company's website for public access. This regulation specifically requires companies to maintain and update their websites with relevant information for stakeholder access.

Access Information

The audio recording is now accessible through the company's official website. Stakeholders, including investors, analysts, and other interested parties, can access the complete recording to review the management's discussion of Q3 FY26 performance and responses to various queries raised during the session.

Corporate Communication

The formal notification to the stock exchanges was signed by Manita Carmen A. Gonsalves, Vice President-Legal & Company Secretary, who holds membership number A18321. The communication was digitally signed and submitted to both BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited at Bandra-Kurla Complex, Mumbai.

This disclosure demonstrates Polycab India Limited's commitment to maintaining transparency with its stakeholders and adhering to regulatory requirements for listed companies in India.

Polycab India Limited delivered exceptional financial performance in Q3FY26, achieving its highest-ever quarterly revenue of ₹76,361 million, marking a substantial 46% year-on-year growth. The company's strong execution across business segments, particularly in Wires & Cables, drove this remarkable performance while maintaining healthy profitability metrics.

Record Financial Performance

The company's consolidated financial results for Q3FY26 demonstrated robust growth across key metrics. EBITDA increased by 34% year-on-year to ₹9,661 million, though margins compressed to 12.7% from 13.8% in the previous year quarter. Profit after tax (PAT) grew by 36% year-on-year to ₹6,302 million, with PAT margins at 8.3%.

For the nine-month period ending December 31, 2025, revenues crossed the ₹200 billion milestone at ₹2,00,193 million, representing 30% year-on-year growth. Nine-month EBITDA and PAT both registered impressive 47% year-on-year growth.

Wires & Cables Segment Drives Growth

The Wires & Cables segment emerged as the primary growth driver, recording revenue of ₹67,413 million in Q3FY26, representing a strong 53% year-on-year increase. The domestic business delivered exceptional performance with 59% year-on-year growth, supported by robust demand and sustained commodity price inflation.

The segment's EBIT margin declined to 12.1% from 13.7% in the previous year, primarily due to strategic decisions to defer input cost pass-through to protect demand and an unfavorable mix shift towards higher institutional sales. The international business recorded marginal year-on-year growth, contributing 6% to consolidated revenues.

FMEG Segment Shows Sustained Momentum

The Fast Moving Electrical Goods (FMEG) segment demonstrated continued growth momentum with revenue of ₹4,878 million in Q3FY26, marking 17% year-on-year growth. The segment achieved positive EBIT of ₹142 million with a margin of 2.9%, compared to negative EBIT of ₹126 million in the previous year quarter.

Growth was led by the solar category, with other product segments performing broadly in line with industry performance. Segment profitability remained stable despite higher investments in brand-building initiatives, supported by improving scale and favorable product mix shifts.

EPC Segment Performance

The Engineering, Procurement and Construction (EPC) segment recorded revenue of ₹4,069 million in Q3FY26, representing modest 4% year-on-year growth. However, EBIT declined by 20% year-on-year to ₹272 million, with margins at 6.7%.

For the nine-month period, EPC revenues declined by 12% year-on-year, though EBIT recorded marginal 2% growth. The company expects annual sustainable operating margin to be in high single digits over the mid-to-long term.

Strong Balance Sheet and Cash Position

Polycab maintained a robust financial position with total assets of ₹1,89,970 million as of December 31, 2025. The company's net cash position stood at ₹30,316 million, reflecting strong cash generation capabilities. Shareholder funds increased to ₹1,12,204 million from ₹90,754 million in the previous year.

Capital expenditure for the nine-month period reached ₹10,893 million, compared to ₹8,254 million in the previous year, indicating continued investment in growth initiatives. The company's return on capital employed (ROCE) remained healthy at 31.8% on an annualized basis.