Polycab shares hit new peak after Q4 results today, ₹30 per share dividend

Polycab Q4 Results 2024

Exceeding the market's expectations, Polycab's profitability for the 4th surpassed the threshold of ₹5,000 Mn (million) for the archetypal clip ever. The Company posted a Profit After Tax (PAT) of ₹5,535 Mn successful Q4 FY24, marking a maturation of 29% Year-on-Year (YoY). The PAT margin, which indicates the company's profitability, stood astatine 9.9% for the quarter. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin, a measurement of a company's operating profitability, improved by astir 50 ground points (bps) Quarter-on-Quarter (QoQ) to 13.6% owed to amended operating leverage and little Advertising and Promotion (A&P) spending. As of 31st March 2024, the nett currency presumption improved to ₹21.4 Bn (billion) against ₹18.4 Bn successful the erstwhile quarter.

The Company's gross grew 28% YoY to 1,80,394 Mn successful FY24 from ₹1,41,078 Mn successful FY23. Polycab reported that W&C concern gross grew 27% YoY to ₹1,58,922 Mn successful FY24 from ₹1,25,369 Mn successful FY23, with steadfast maturation crossed some organisation and organization businesses. The Company gained important marketplace stock successful the home W&C industry, consolidating its presumption arsenic the starring shaper of W&C successful India. Revenue from International concern contributed 8.0% of the consolidated revenue. The Company

expanded its planetary footprint to 79 countries. FMEG concern grew marginally by 3% YoY to ₹12,828 Mn successful FY24 from ₹12,512 Mn successful FY23. Switches, switchgear, and conduits pipes & fittings segments registered notable maturation during the year.

Polycab dividend 2024

Alongside the Q4 results for 2024, Polycab India besides announced a dividend of ₹30. The company's Board of Directors approved this recommendation, stating, "The Board of Directors inter alia considered and approved the proposal of dividend @ 300%, i.e. ₹30/- per equity stock of look worth of ₹10/- each for the fiscal twelvemonth 2023-24 taxable to support of shareholders astatine the ensuing Annual General Meeting. The dividend, if approved by the shareholders successful the ensuing Annual General Meeting, volition beryllium paid connected oregon earlier 30 days from the day of the Annual General Meeting. The Book Closure and Record Date for dividend purposes volition beryllium intimated successful owed course." This dividend declaration should marque the assemblage consciousness rewarded for their concern successful Polycab India.

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Published: 10 May 2024, 01:33 PM IST