Polycab India - Better Than Expected Q3 Numbers: Dolat Capital
Polycab India wires. (Image: Company Website)

Polycab India - Better Than Expected Q3 Numbers: Dolat Capital

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.’s Q3 numbers came in better than estimates with higher sales, Ebitda and profit after tax by 12%, 11% and 19% YoY respectively.

Working capital days came in lower sequentially at 56 days at Q3 compared to 85 days in Q2 FY21, with a major rise in payables.

The company has comfortable liquidity position with C&CE of Rs 13.9 billion and cash flow from operations of Rs 7.7 billion in Q3.

Wires and cables margins came in marginally higher by 86 basis points YoY at 12.9% while fast moving electrical goods margins saw an exponential increase of 530 basis points YoY to 5.9% in Q3 FY21.

Click on the attachment to read the full report:

Dolat Capital Polycab India Q3FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.