Polycab India Q1 Results Live : profit falls by 0.83% YOY

Polycab India Q1 Results Live : Polycab India declared their Q1 results on 18 Jul, 2024. The topline increased by 20.79% & the profit decreased by 0.83% YoY. As compared to the previous quarter the revenue declined by 15.99% and the profit decreased by 27.48%.

The Selling, general & administrative expenses rose by 38.28% q-o-q & increased by 10.62% Y-o-Y.

The operating income was down by 25.8% q-o-q & increased by 5.06% Y-o-Y.

The EPS is ₹26.26 for Q1 which decreased by 1.16% Y-o-Y.

Polycab India has delivered 3.05% return in the last 1 week, 47.7% return in last 6 months and 19.46% YTD return.

Currently the Polycab India has a market cap of ₹98520.51 Cr and 52wk high/low of ₹7331.45 & ₹3801 respectively.

As of 19 Jul, 2024 out of 26 analysts covering the company, 2 analysts have given Strong Sell rating, 1 analyst has given Sell rating, 7 analysts have given Hold rating, 8 analysts have given Buy rating &8 analysts have given Strong Buy rating.

The consensus recommendation as on 19 Jul, 2024 was to Buy.