Polycab #Q2FY23 (Consol) - Great Numbers
- Revenue up 11%
- EBITDA up 33%
- Net profit up 35%
- Margins improve
- Segments - Wires grew, FMEG flat, Others flat
- FMEG segment reports loss of 2.6 cr v/s 6 cr, QoQ and 17 cr YoY
- Borrowings up 20 cr
- Great CFO and FCF
- Revenue up 11%
- EBITDA up 33%
- Net profit up 35%
- Margins improve
- Segments - Wires grew, FMEG flat, Others flat
- FMEG segment reports loss of 2.6 cr v/s 6 cr, QoQ and 17 cr YoY
- Borrowings up 20 cr
- Great CFO and FCF
In the Emkay meeting that we attended in August, mgmt. said -
FMEG – margin has seen big improvement Year after Year. They said FMEG margins will improve as they will increase the product mix with higher margins
FMEG – margin has seen big improvement Year after Year. They said FMEG margins will improve as they will increase the product mix with higher margins
Also note - Project Leap - topline target Rs 20000 cr by FY26
H1FY23 - 6000 cr done, 12000 cr seems to be FY23A numbers
No reco.
H1FY23 - 6000 cr done, 12000 cr seems to be FY23A numbers
No reco.
From PPT -
- Highest ever 2nd quarter revenue in the history of the Company
- Margin expansion due to - strong growth in exports and judicious price revisions
- FMEG business - subdued demand environment, exacerbated by realignment in distribution strategy
- Highest ever 2nd quarter revenue in the history of the Company
- Margin expansion due to - strong growth in exports and judicious price revisions
- FMEG business - subdued demand environment, exacerbated by realignment in distribution strategy
- Fans' business was affected due to seasonality, the inflationary environment, and the transition to the new BEE regulations.
- Switch business recovered from the lows of Q1FY23, posting 123% QoQ growth
- Switch business recovered from the lows of Q1FY23, posting 123% QoQ growth
- Merged Fans vertical with Lights & Luminaries vertical and Retail Wires vertical with Switches & Switchgears vertical to unlock latent value through crossselling opportunities and operational efficiencies
Loading suggestions...