Polycab India Q4 expenses rise 29%, margins contract
after close1 source ↓written by the desknot a recommendation
- in total expenses
- 29.7% increase
- in Q4 FY26
- ₹7,875.6 cr
- contraction in EBITDA
- 160 basis points
- EBITDA margin
- 13.1%
- revenue grew
- 27% YoY
Polycab India Limited reported a 29.7% increase in total expenses to ₹7,875.6 cr in Q4 FY26, leading to a 160 basis points contraction in EBITDA margin to 13.1%. Despite this, revenue grew 27% YoY to ₹8,864.4 cr, driven by strong performance in the Wires Cables segment. The margin pressure reflects an unfavorable product mix and operating deleverage.
Not investment advice. For informational purposes only.