Polycab India Q4FY21 consolidated net profit higher at Rs. 281.44 Cr
Petrochemical

Polycab India Q4FY21 consolidated net profit higher at Rs. 281.44 Cr

The company reported total income of Rs.2175.83 crores during the period ended March 31, 2020.

  • By ICN Bureau | May 13, 2021

Polycab India Ltd. has reported total income of Rs.3064.79 crores during the period ended March 31, 2021 as compared to Rs.2833.30 crores during the period ended December 31, 2020.

The company reported total income of Rs.2175.83 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.281.44 crores for the period ended March 31, 2021 as against net profit of Rs.262.50 crores for the period ended December 31, 2020. It posted net profit of Rs.213.93 crores for the period ended March 31, 2020.

The company has reported total income of Rs.9054.73 crores during the 12 months period ended March 31, 2021 as compared to Rs.8922.74 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.882.09 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.759.05 crores for the 12 months period ended March 31, 2020.

Commenting on the performance, Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: "FY21 has been an extraordinary year marked by disruption, resilience, compassion, and transformation. Our endeavour to ensure safety of Polycabians and help the society at large remains untethered. Concurrently, we also ensured uninterrupted operations through agility and technology which helped us leverage the favourable market trends and report robust business performance in the fourth quarter.

“We are excited to commence on a journey towards our five-year vision which will shift orbits of our brand positioning, operations, and business growth along with strong emphasis on governance and sustainability. Considering our ongoing transformation initiatives, I believe we are well placed to take a leap and create long term value for everyone connected to Polycab."

 

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