Polycab India is currently trading at Rs. 3391.00, up by 156.90 points or 4.85% from its previous closing of Rs. 3234.10 on the BSE.

Polycab India
Polycab India

The scrip opened at Rs. 3260.95 and has touched a high and low of Rs. 3399.00 and Rs. 3239.20 respectively. So far 29802 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3399.00 on 12-May-2023 and a 52 week low of Rs. 2045.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3399.00 and Rs. 3171.40 respectively. The current market cap of the company is Rs. 50218.54 crore.

The promoters holding in the company stood at 66.20%, while Institutions and Non-Institutions held 19.12% and 14.67% respectively.

Polycab India has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported 35.18% rise in its net profit at Rs 432.84 crore for the quarter under review as compared to Rs 320.20 crore for the same quarter in the previous year. Total income of the company increased by 10.08% at Rs 4,341.42 crore for Q4FY23 as compared to Rs 3,943.73 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 31.68% rise in its net profit at Rs 428.42 crore for fourth quarter ended March 31, 2023 as compared to Rs 325.34 crore for the same quarter in the previous year. Total income of the company increased by 9.74% at Rs 4,375.20 crore for Q4FY23 as compared to Rs 3,986.81 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 36.54% rise in its net profit at Rs 1,271.59 crore as compared to Rs 931.27 crore for the previous year. Total income of the company increased by 15.25% at Rs 14,047.65 crore for year under review as compared to Rs 12,188.41 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 39.79% rise in its net profit at Rs 1,282.25 crore as compared to Rs 917.28 crore for the previous year. Total income of the company increased by 15.84% at Rs 14,241.10 crore for year under review as compared to Rs 12,293.68 crore for year ended March 31, 2022.