What is your quick take on the quarterly numbers of Polycab India for Q4?

Electrical goods manufacturer Polycab India reported 34.9% growth in sales for Q4FY22 at Rs3,970 crore. FY22 revenues were up 38.8% at Rs12,204 crore for the full year. Its dominant business division of wires and cables grew sales by 39.8% in the quarter while the sales growth of the fast moving electrical goods (FMEG) was subdued at 9.22%. Net cash from operations for FY22 fell -59% due to higher inventory spike.

Coming to the bottom line, the net profit for Q4FY22 was up 19.6% at Rs322.15 crore. This was largely driven by an increase in operating profit from cables and wires business even as the EBIT from FMEG business dipped more than 50% yoy. Net profit margins were at 8.11% in Q4FY22 quarter compared to 9.15% in Q4FY21 and 7.32% in Q3FY22.