Dolat Capital: Polycab India Q2 - Beat Estimates With Strong PAT Growth
Polycab India wires. (Image: Company Website)

Dolat Capital: Polycab India Q2 - Beat Estimates With Strong PAT Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Polycab India Ltd. revenues came in at Rs 21.1 billion, down by 6% YoY, while Ebitda at Rs 3.1 billion was up 15% YoY but profit after tax was up by 14% YoY at Rs 2.2 billion ahead of estimates.

Cash conversion cycle (CCC) days was flat compared to Q4 FY20 at 85 days in Q2 FY21, but inventory was higher at 96 days compared to 80 days in March 2020 quarter.

Cash generated from operations in H1 was Rs 7.8 billion with a net C&CE of Rs 6.8 billion.

Click on the attachment to read the full report:

Dolat Capital Polycab India Q2FY21 Result Update.pdf


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