Polycab India Q4 FY26 Results: Revenue up 27%, ₹47 Dividend

Key takeaway from Polycab’s March-quarter update

Polycab India announced its FY26 fourth-quarter (March quarter) results on May 6, 2026, alongside a dividend recommendation for shareholders. The cables and electricals company reported a sharp year-on-year rise in revenue, while profit growth was modest and operating margins declined. The numbers were followed by buying interest in the stock during the session. On the BSE, Polycab was trading around 1% higher at ₹8,419.20 per share after the results.

Q4 FY26 profit rises 6.3% year-on-year

For the March quarter, Polycab reported net profit of ₹772.7 crore, up 6.3% year-on-year. The company had posted ₹727 crore in the same quarter last year. The latest profit growth came alongside higher operating costs indicated by a decline in EBITDA margin. The company did not provide additional segment-level details in the provided update for Q4 FY26.

Revenue jumps 27% to ₹8,864.4 crore

Polycab’s revenue for the March quarter rose 27% year-on-year to ₹8,864.4 crore. In the year-ago quarter, revenue was ₹6,986 crore. The jump in quarterly revenue is notable given the higher base created in the previous year’s March quarter. This revenue performance is the most prominent headline metric in the FY26 Q4 disclosure.

EBITDA grows, but margin contracts to 13.1%

EBITDA increased 13.3% year-on-year to ₹1,161 crore in Q4 FY26, compared with ₹1,025 crore in Q4 FY25. However, the EBITDA margin fell to 13.1% from 14.7% a year earlier. This indicates that profitability at the operating level did not keep pace with the pace of revenue growth. The margin trend is a key point investors typically track for companies in wires, cables, and electrical goods.

Dividend: board recommends ₹47 per share for FY26

Along with the quarterly results, Polycab said it has recommended a dividend of ₹47 per share for FY26. In the provided information set, an earlier final dividend recommendation for FY25 is also referenced at ₹35 per share, highlighting an increase in the FY26 recommendation. Separately, the dataset also mentions a dividend of ₹35 declared on June 24, 2025.

Snapshot table: Q4 FY26 vs Q4 FY25

Recent quarterly context: Q3 FY25-26 numbers referenced

The provided dataset also lists Polycab’s “Last Earnings Date” as Q3 FY25-26 on January 16, 2026. For that quarter, revenue is shown as ₹7,636 crore, gross profit as ₹860 crore, and net profit as ₹630 crore. These figures are presented as part of the broader earnings tracker information and provide a near-term comparison point to the March quarter. The same tracker also repeats January 16, 2026 as the “upcoming earnings date,” which appears as part of the embedded feed content.

Background: what Polycab reported in Q4 FY25

A separate set of details in the supplied text relates to Q4 FY25 (quarter ended March 31, 2025). In that quarter, Polycab reported net profit of ₹727 crore and revenue from operations of about ₹6,985.7-₹6,986 crore, with EBITDA around ₹1,025 crore. It also references a final dividend recommendation of ₹35 per share for FY25. The same FY25 coverage notes that wires and cables revenue grew 22.34% year-on-year to ₹6,019.1 crore, and that EPC business revenue grew 47% year-on-year to ₹602.80 crore. Another excerpt states that the company crossed ₹22,000 crore in yearly revenue in FY25, exceeding a “Project Leap FY26” revenue goal of ₹20,000 crore a year ahead of schedule.

Market impact: how investors are reacting

In the FY26 Q4 update, buying was seen in Polycab shares after the result announcement, with the stock trading near 1% higher at ₹8,419.20 on the BSE. The reaction suggests the market is weighing strong top-line growth and a higher dividend recommendation against the softer margin outcome. The financial comparison table shows that while revenue expanded sharply, EBITDA margin moved down year-on-year, which can be a key sensitivity for earnings expectations.

Why the FY26 Q4 print matters

The FY26 Q4 result combines three clear signals for investors. First, revenue growth of 27% to ₹8,864.4 crore indicates strong quarterly demand and/or execution versus the prior year’s base. Second, net profit growth of 6.3% to ₹772.7 crore shows a positive outcome, but at a slower pace than revenue. Third, margin compression to 13.1% from 14.7% highlights that cost structure and mix matter as the company scales.

Conclusion

Polycab’s Q4 FY26 results show a sharp rise in revenue to ₹8,864.4 crore, with net profit at ₹772.7 crore and EBITDA at ₹1,161 crore, while the EBITDA margin fell to 13.1%. The board’s recommended dividend of ₹47 per share adds a shareholder-return element to the update. After the announcement, the stock was trading around 1% higher at ₹8,419.20 on the BSE. The next steps to watch, based on the information provided, are further company communications around dividend timelines and any additional disclosures beyond the headline quarterly figures.