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HomePaper NewsPolycab India reports 20 percent Y-o-Y rise in net profit

Polycab India reports 20 percent Y-o-Y rise in net profit



Polycab India, a number one wire and cable manufacturing firm, reported a 20 percent year-on-year rise in net profit to INR 325.33 crore for the fourth quarter ending March 31. In a BSE submitting, the corporate confirmed the net profit in the final yr for the fourth quarter as INR 271.06 crore.

During the quarter underneath evaluation, income from operations elevated to INR 3,969.98 crore in comparison with INR 2,942.74 crore a yr in the past with 34.90 percent. The firm’s net profit rose by 3.53 percent in FY 22 to INR 917.28 crore in comparison with INR 885.93 crore in FY21.

“Our sturdy efficiency in fiscal yr 2022 was underpinned by the extraordinary efforts of our group to realize new milestones even in probably the most unsure environments. We delivered accelerated enterprise development, report free money movement, wholesome returns on capital and market-leading shareholder returns, mentioned Inder T Jaisinghani, Chairman and Managing Director, Polycab India.



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