Polycab India Q1 Results Review - Domestic Demand Remains Resilient: Dolat Capital

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Polycab India Ltd.’s Q1 FY25 revenue was ahead of estimates, while Ebitda and profit after tax were in-line. Cables and wires segment posted 12% revenue growth led by 10% volume growth in domestic business. Fast moving electrical goods grew 23% led by robust demand in fans and engineering, procurement and construction business surged 240%, driven by strong execution of RDSS order book.Ebitda margins contracted 170 bps YoY to 12.4% due to adverse revenue mix. However, margins were within management guidance of 11-13%.Polycab’s growth prospects remain promising given strong demand in C&W led by public and private capex and uptick in real estate. We lower our FY25E earnings per share estimates by 2% to factor in unfavorable mix and muted IB segment; we retain FY26E EPS estimate Maintain ‘Accumulate’ rating with target price of Rs 6,815 (40 times FY26E EPS)..Click on the attachment to read the full report:.Polycab Q1 Results: Profit Slips To Rs 402 Crore, Misses Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Polycab India Q1 Results Review - Domestic Demand Remains Resilient: Dolat Capital

The brokerage lowers its FY25E earnings per share estimates by 2% to factor in unfavorable mix and muted international business segment.

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Polycab India Q1 Results Review - Domestic Demand Remains Resilient: Dolat Capital

The brokerage lowers its FY25E earnings per share estimates by 2% to factor in unfavorable mix and muted international business segment.

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