Polycab India Ltd Share Price – NSE /  BSE

Cables, Mid Cap

Polycab India has allotted 11,400 equity shares under ESOS on 22 November 2024.

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Polycab India has allotted 4,200 equity shares under ESOS on 08 November 2024.

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The project involves development (creation, upgradation and operation & maintenance) of middle mile network of Bharat Net on design build operate and maintain (DBOM) model – package-7 in the state of Bihar.

The project includes a 3-year construction period, followed by a 10-year maintenance contract. The maintenance fee will be 5.5% of the capital expenditure (capex) annually for the first 5 years and 6.5% annually for the subsequent 5 years.

Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects.

The company’s consolidated net profit rose 3.35% to Rs 439.81 crore on a 30.37% increase in sales to Rs 5,498.42 crore in Q2 FY25 over Q2 FY24.

The scrip shed 0.65% to currently trade at Rs 6840.75 on the BSE.

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The company has emerged as the lowest bidder (L-1) for a Rs 4,099.69 crore project to design, build, operate, and maintain (DBOM) the middle mile network of BharatNet in Karnataka, Goa, and Puducherry.

The contract stipulates a 3-year construction period, followed by a 10-year maintenance period. The maintenance fee will be 5.5% of the capital expenditure (capex) for the first five years and 6.5% for the subsequent five years.

Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects.

The company’s consolidated net profit fell marginally to Rs 401.61 crore in Q1 FY25 as against with Rs 403.16 crore posted in Q1 FY24. Revenue from operations stood at Rs 4,698.03 crore in Q1 FY25, up 20.79% as against with Rs 3,889.38 crore posted in Q1 FY24

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