Polycab India reported a robust Q2 FY27, with consolidated revenue rising 52.8% to Rs 9,898.90 crore and PAT climbing 42.9% to Rs 989.99 crore. The company also confirmed that the NCLAT has stayed an insolvency order related to an operational debt dispute, with management citing no material financial risk.
Polycab India Q2 FY27 Revenue Soars 53% to Rs 9,899 Crore
Revenue grew to Rs 9,898.90 crore, while Profit After Tax rose to Rs 989.99 crore.
Reader Takeaway: Strong operational growth across segments drives record top-line performance despite ongoing minor legal debt disputes.
What just happened
Polycab India released its financial results for the quarter ending September 30, 2026. The company reported a significant jump in consolidated revenue to Rs 9,898.90 crore, compared to Rs 6,477.21 crore in the year-ago period. Profit after tax (PAT) reached Rs 989.99 crore, a 42.9% increase year-on-year.
Why this matters
The company’s primary Wires and Cables segment remains a major growth driver, contributing Rs 8,376.84 crore to the top line. The FMEG segment also saw massive growth, more than doubling its revenue to Rs 993.11 crore from Rs 452.18 crore in Q2 FY26. These figures signal strong demand momentum across both industrial and consumer portfolios.
The backstory
Polycab faced a legal hurdle after the NCLT Ahmedabad Bench admitted an insolvency petition regarding an alleged operational debt of Rs 2.79 crore. However, the company successfully appealed to the NCLAT, which has stayed the order. Management maintains that this dispute poses no material threat to the firm’s financial stability.
Regulatory matters
The company is currently reviewing the impact of the 2025 Hazardous and Other Wastes Amendment Rules. These rules relate to Extended Producer Responsibility (EPR) for non-ferrous metal scrap. Because the government framework is still being finalized, the precise cost impact remains uncertain for now.
What to track next
Investors should monitor the final resolution of the NCLAT debt matter and updates regarding the implementation of the new EPR portal, which could affect operational compliance costs in future quarters.