Polycab India's Q2 net profit jumps 37% at Rs 270 cr, revenue up by 10.83%

Wires and cables manufacturer Polycab India (PIL) on Tuesday reported a 36.72 per cent growth in consolidated profit during the September quarter at Rs 270.45 crore.

The company's profit stood at Rs 197.80 during the corresponding quarter of 2021-22, it said in a regulatory filing.

Revenue from operations of the company during the quarter under review grew by 10.83 per cent to Rs 3,332.35 crore as against Rs 3,006.55 crore in the year-ago period.

"We continued with our strong business performance in the second quarter, posting the highest ever second quarter revenue in the history of the company. Combined with the stand-out performance of the first quarter, our top-line for the first half of the year grew by 25 per cent year-on-year. Margin expansion was supported by strong growth in exports and judicious price revisions," PIL Chairman and Managing Director Inder T Jaisinghani said.

Strong domestic economy with structural reforms focused on infrastructure development augurs well fo