Strong delivery continues; gains market share further

Company
14 May 2024
5 Min read 
  • Polycab India's 4QFY24 performance exceeded estimates with higher EBITDA and profit.
  •  The company's market share stands at 25-26% in the domestic organized cables & wires market.
  •  Revenue and EBITDA increased by 29% and 25% YoY respectively.
  •  The company's financials and valuations show a positive outlook for FY25 and FY26.
  •  Polycab India's management commentary highlights rural demand improvement and future growth strategies.
  •  The company's capex and balance sheet indicate a strong investment plan and net cash position.
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