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Polycab Q1 (Consolidated,YoY)
Revenue down 50% at Rs 976.6 crore (Est Rs 1,145 crore)
Net profit down 12.6% at Rs 117.6 crore (Est Net loss at Rs 51.4 crore)
Ebitda down 74.3% at Rs 57.5 crore (Est Ebidta loss at Rs 108 crore)
Margins at 5.9% versus 11.5%
Income tax reversal of Rs 86 crore in the current quarter impacted bottom line
Degrowth seen all segments such wires and fast moving electrical goods
Ad expenses down 92% at Rs 3.2 crore Domestic distribution channel sales, housing wires business saw great traction posting a strong double digit growth in June
Impact: Result is in line with the expectation.
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Net profit down 12.6% at Rs 117.6 crore (Est Net loss at Rs 51.4 crore)
Ebitda down 74.3% at Rs 57.5 crore (Est Ebidta loss at Rs 108 crore)
Margins at 5.9% versus 11.5%
Income tax reversal of Rs 86 crore in the current quarter impacted bottom line
Degrowth seen all segments such wires and fast moving electrical goods
Ad expenses down 92% at Rs 3.2 crore Domestic distribution channel sales, housing wires business saw great traction posting a strong double digit growth in June
Impact: Result is in line with the expectation.
Get Equity intraday tips for today here and trade with best information and advice.
