Polycab India surges on reporting 81% rise in Q1 consolidated net profit
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Polycab India is currently trading at Rs. 4073.95, up by 161.90 points or 4.14% from its previous closing of Rs. 3912.05 on the BSE.
The scrip opened at Rs. 3949.95 and has touched a high and low of Rs. 4100.00 and Rs. 3912.35 respectively. So far 61653 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4100.00 on 18-Jul-2023 and a 52 week low of Rs. 2132.00 on 19-Jul-2022.
Last one week high and low of the scrip stood at Rs. 4100.00 and Rs. 3745.00 respectively. The current market cap of the company is Rs. 60939.51 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 first quarter ended June 30, 2023 (Q1FY24).
Polycab India has reported 84.73% rise in its net profit at Rs 403.47 crore for the quarter under review as compared to Rs 218.40 crore for the same quarter in the previous year. Total income of the company increased by 42.67% at Rs 3,913.52 crore for Q1FY24 as compared Rs 2,743.06 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 81% rise in its net profit at Rs 402.81 crore for the quarter ended June 30, 2023 as compared to Rs 222.55 crore for the same quarter in the previous year. Total income of the company increased by 42.16% at Rs 3,953.38 crore for Q1FY24 as compared Rs 2,780.90 crore for the corresponding quarter previous year.
