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Polycab shares drops 3.8% despite Q1 beats; analysts split on outlook
Shares of Polycab India were under pressure Friday morning, falling ₹351 or 3.81 per cent to ₹8,864 by 11.42 am, as investors appeared to book profits following the stock’s recent 21 per cent one-month rally, even as the company’s Q1 FY27 results came in ahead of estimates on most parameters.
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economictimes.indiatimes.com
Polycab Q1 Results: Profit surges 33% YoY to Rs 797 crore, revenue jumps 39%
Polycab India delivered its strongest-ever first quarter, with revenue rising 39% and net profit increasing 33%, driven by robust wires and cables demand and strong FMEG growth.…
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Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY
Polycab India shares slipped 4% on Friday despite the company reporting its best-ever first-quarter performance. Q1FY27 net profit rose 33% year-on-year to Rs 797 crore, while…
