Q1 2025 Polycab India Ltd Earnings Call Transcript
Key Points
- Polycab India Ltd (BOM:542652) achieved the highest-ever first quarter revenue in company history.
- Consolidated revenue grew by 21% year-on-year, driven by steady performance in the wires and cables business.
- Net cash position improved to INR16.3 billion from INR10.1 billion in Q1 of the previous year.
- FMEG business recorded solid growth of 21% this quarter, driven by strong demand for fans amid heatwave across several parts of the country.
- The Board has reconstituted the Audit and Nomination and Remuneration Committees to fully comprise independent directors, enhancing corporate governance.
- EBITDA margins declined to 12.4%, influenced by a shift in business mix to segments with lower margins.
- International business revenue declined by 28% year-on-year, impacting overall margins.
- Higher finished goods inventory buildup in the wires and cables business due to a sudden fall in demand towards the end of the quarter.
- Operating cash flow was negative INR200 crores, attributed to higher inventory levels and increased receivables from EPC and institutional businesses.
- Freight costs increased, compressing margins in the international business.
Ladies and gentlemen, good day, and welcome to Polycab India Limited Q1 FY25 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Gandharv Tongia, Executive Director and Chief Financial Officer, Polycab India Limited. Thank you, and over to you, sir.
Thank you so much, operator. Good afternoon, everyone, and thank you for joining us. I hope all of you are staying healthy and safe. I am Gandharv Tongia, Executive Director and CFO at Polycab India Limited.
On this call, we shall discuss the quarter one fiscal '24/'25 results, which were approved in the Board meeting held yesterday. We will be referring to the earnings presentation, condensed financial results and statements, which are available on the stock exchange's website as well as on the Investor Relations page of our website.
Joining me today from the management team, we have our Chairman and Managing Director,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
