Polycab Q3 Outcomes: 10% soar in revenue, income reached ₹ 5226 crore at rocket velocity – INA NEWS

Polycab Q3 Outcomes: The December quarter was glorious for wire and cable maker Polycab India. Not solely its income but in addition its revenue has elevated. On an annual foundation, its income elevated by 20 p.c and revenue by 10 p.c. The shares tried to get well after this glorious outcome however are nonetheless in a really weak place. At present on BSE it’s at a worth of Rs 6217.80 with a decline of 5.26 p.c. In intra-day it fell by 8.79 p.c to Rs 5986.25.

Polycab Q3 Outcomes: Highlights

Polycab’s web revenue jumped 10 per cent year-on-year to ₹457.56 crore within the December quarter. It elevated by 4% on quarterly foundation. Speaking about operational income, it jumped by greater than 20 p.c on annual foundation to Rs 5,226 crore. Within the December quarter, complete earnings elevated by 19 per cent year-on-year to Rs 5,251 crore, however complete bills additionally jumped by 20 per cent to Rs 4,634 crore throughout this era.

How was the motion of shares in a yr?

Shares of Polycab India had made large income for traders final yr. Final yr on January 23, 2024, it was at Rs 4100.95, which is a one-year low for its shares. From this low degree, it jumped by greater than 85 p.c in 9 months to achieve a worth of Rs 7607.15 on October 15, 2024, which is a report excessive for its shares. Nevertheless, the rise in shares stopped right here and at current it’s greater than 18 p.c draw back from this excessive.

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