Company Financials
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 1932.98 crore, down -20.93 % from last quarter sales of Rs 2444.80 crore and up 14.88 % from last year same quarter sales of Rs 1682.65 crore. The company has reported net profit after tax of Rs 135.05 crore in the latest quarter.
Investment Rationale
Polycab is not only the largest manufacturer of cables and wires in India but has also emerged as a successful entrant into the FMEG space, said Citi. Due to a healthy BS, internal cash generation, distribution, brand and execution, Polycab is well placed to capitalise on the growth opportunities in cables, wires and FMEG industries, it said.
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