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Polycab India fall despite reporting 14% rise in Q3 consolidated net profit
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Polycab India is currently trading at Rs. 2779.75, down by 49.80 points or 1.76 % from its previous closing of Rs. 2829.55 on the BSE.
The scrip opened at Rs. 2843.00 and has touched a high and low of Rs. 2843.00 and Rs. 2757.65 respectively. So far 20475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3025.00 on 15-Dec-2022 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. 2844.75 and Rs. 2651.15 respectively. The current market cap of the company is Rs. 41718.85 crore.
The promoters holding in the company stood at 67.97%, while Institutions and Non-Institutions held 16.79% and 15.23% respectively.
Polycab India has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a rise of 5.80% in its net profit at Rs 357.60 crore for the quarter under review as compared to Rs 338.01 crore for the same quarter in the previous year. Total income of the company increased 10.16% at Rs 3704.50 crore for Q3FY23 as compared to Rs 3362.80 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 14.13% in its net profit at Rs 360.83 crore for the quarter under review as compared to Rs 316.16 crore for the same quarter in the previous year. Total income of the company increased 10.64% at Rs 3754.86 crore for Q3FY23 as compared to Rs 3393.65 crore for the corresponding quarter previous year.
