Polycab India Ltd, a prominent cables and wires manufacturer, disclosed a robust financial performance in its Q3 report, with a noteworthy 15.35% surge in consolidated net profit, reaching Rs 416.51 crore compared to Rs 361.06 crore in the same quarter the previous year. This positive outcome was attributed to a substantial increase in revenue from … Read more
Polycab India Ltd, a prominent cables and wires manufacturer, is set to reveal its December quarter results amid speculation about the impact of recent income tax raids on the company’s performance. Analysts anticipate a substantial year-on-year (YoY) profit surge ranging up to 25%, coupled with a revenue increase of 12-20%. Despite a recent decline in … Read more
Jefferies, in its recent note, has set a base case target of Rs 7,000 for Polycab India Ltd shares. Despite ongoing concerns about alleged tax evasion, the brokerage remains optimistic, citing similar instances in other companies where share prices eventually recovered post regulatory issues. The nature of regulatory developments may differ, but recovery is often … Read more