Polycab India surges on reporting 29% rise in Q4 consolidated net profit
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Polycab India is currently trading at Rs. 6295.00, up by 141.40 points or 2.30% from its previous closing of Rs. 6153.60 on the BSE.
The scrip opened at Rs. 6263.60 and has touched a high and low of Rs. 6469.65 and Rs. 6225.90 respectively. So far 30155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6,469.65 on 13-May-2024 and a 52 week low of Rs. 3,239.20 on 12-May-2023.
Last one week high and low of the scrip stood at Rs. 6469.65 and Rs. 5679.45 respectively. The current market cap of the company is Rs. 94483.57 crore.
The promoters holding in the company stood at 65.24%, while Institutions and Non-Institutions held 19.18% and 15.58% respectively.
Polycab India has reported 6.00% rise in its net profit at Rs 458.14 crore for fourth quarter ended March 31, 2024 as compared to Rs 432.21 crore for the same quarter in the previous year. Total income of the company increased by 26.34% at Rs 5,484.75 crore for Q4FY24 as compared Rs 4,341.19 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 29.11% rise in its net profit at Rs 553.48 crore for fourth quarter ended March 31, 2024 as compared to Rs 428.70 crore for the same quarter in the previous year. Total income of the company increased by 29.04% at Rs 5,645.73 crore for Q4FY24 as compared Rs 4,375.20 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 39.45% rise in net profit at Rs 1,769.67 crore as compared to Rs 1,269.01 crore for the previous year. Total income of the company increased by 30.05% at Rs 18,270.68 crore for year under review as compared to Rs 14,049.31 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 40.51% rise in its net profit at Rs 1,802.92 crore as compared to Rs 1,283.09 crore for the previous year. Total income of the company increased by 28.22% at Rs 18,260.32 crore for year under review as compared to Rs 14,241.10 crore for year ended March 31, 2023.
