Polycab India jumps on reporting over 2-fold jump in Q1 consolidated net profit

Polycab India is currently trading at Rs. 2241.65, up by 87.65 points or 4.07% from its previous closing of Rs. 2154.00 on the BSE.

The scrip opened at Rs. 2158.00 and has touched a high and low of Rs. 2255.35 and Rs. 2132.00 respectively. So far 78814 shares were traded on the counter.

Polycab India
Polycab India

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2820.05 on 22-Apr-2022 and a 52 week low of Rs. 1761.25 on 29-Jul-2021.

Last one week high and low of the scrip stood at Rs. 2247.85 and Rs. 2105.00 respectively. The current market cap of the company is Rs. 33582.84 crore.

The promoters holding in the company stood at 67.99 % while Institutions and Non-Institutions held 14.74 % and 17.27 % respectively.

Polycab India has reported over 2-fold jump in its net profit at Rs 218.40 crore for first quarter ended June 30, 2022 as compared to Rs 75.06 crore for the same quarter in the previous year.

Total income of the company increased by 47.01% at Rs 2743.06 crore for Q1FY23 as compared Rs 1865.93 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2 fold jump in its net profit at Rs 222.55 crore for first quarter ended June 30, 2022 as compared to Rs 75.26 crore for the same quarter in the previous year.

Total income of the company increased by 47.98% at Rs 2780.90 crore for Q1FY23 as compared Rs 1879.20 crore for the corresponding quarter previous year.