Polycab India gains ~1% post Q3FY20 results

Polycab India gains ~1% post Q3FY20 results
Shares Polycab India gained in morning trade after its net profit jumped 13% yoy to Rs218.8cr in the quarter ended December 2019 vs. Rs193.4cr during the quarter ended December 2018.

The company’s sales rose 23.8% yoy to Rs2,507cr in the quarter ended December 2019 as against Rs2,024.84cr during the quarter ended December 2018.

Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “We have delivered yet another quarter of resilient growth. Our top-line growth remains strong across segments helped by our robust pan India distribution network coupled with exports while profitability improved sequentially on the back of enhanced and evolving product mix and various strategic initiatives which we have implemented over the past few years. As we enter the new decade we will continue to build on our current strengths while acquiring new ones to stay competitive and drive profitable growth.”

Polycab India Ltd is currently trading at Rs1,092.05, up by Rs9.6 or 0.89% from its previous closing of Rs1,082.45 on the BSE.

The scrip opened at Rs1,121 and has touched a high and low of Rs1,128.90 and Rs1,083.45 respectively.




About Gosip4U

Gosip4U is the digital wing of india - India's leading media and communications group with its interests spanning across country.

0 comments:

Post a Comment

Please add comment