Polycab on Thursday reported a net profit of Rs 402 crore for the first quarter ended June 2024, which is a marginal decline from Rs 403 crore reported in the previous year quarter.
Revenue from operations jumped 21% year-on-year to Rs 4,698 crore in the reporting period as against Rs 3,889 crore in the corresponding period of last year.
The company has reported an EBITDA of Rs 583 crore, while margins contracted 170 bps to 12.4% in the June quarter. The decrease in margin was driven by a shift in the business mix toward segments with lower margins.
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