Polycab India Limited (BSE: 542652, NSE: POLYCAB) announced its consolidated results for thesecond quarter and half year ended September 30 2019.
Commenting on the financial performance, Mr. Inder Jaisinghani, Chairman and Managing Director, Polycab India Limited, said:“We have delivered another quarter and half year of robust growth. Our profitability has more than doubled during the quarter andour customer centric focus and robust distribution network have ensured that we maintain our growth momentum. Going forward, we remain committed to delivering consistent and profitable growth”.
Polycab India Limited (PIL) is engaged in the business of manufacturing and selling wires and cables and Fast Moving Electrical Goods (FMEG) under the “POLYCAB” brand. PIL is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment. In the FMEG segment, PIL also manufactures and sells electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
PIL has 25 manufacturing facilities, including two joint ventures with Techno Electromech Private Limited (“Techno”) and Trafigura Pte Limited. (“Trafigura”), located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu. The Company has an established supply chain network in India comprising of over 3,400 authorised dealers and distributors and 30 warehouses. PIL supplies their products directly to authorised dealers and distributors who in turn supply these products to over 120,000+ retail outlets in India.