POLYCAB Q1FY25 Highlights –
SALES 4,700cr from 3,890cr (20% up YoY)
Operating Margins has fall to 12% from 14% YoY
PAT 402cr (flat YoY)
PAT Margins 8.5% from 10.3% YoY
Q1FY25 Concall Highlights –
- Capex for the year is expected to be in the range of ₹1,000 Cr to ₹1,100 Cr. Already done capex of 280cr.
(FY24 Fixed Asset is of 2,300cr and company is doing 1,000cr Capex in FY25) - Capacity utilization is at 70-75%
- Optimistic about sustained demand momentum throughout the remainder of the year. Expecting a pickup in demand due to ongoing real estate projects.
- Focusing on expanding distribution network to improve presence in all geographies.
- Management expects improvement in margin profile in the near future.
- Working towards optimizing inventory levels and maintaining a working capital cycle of 50 to 55 days.
– Company is reaching towards 20,000cr of topline target so Team is working on new mid-term guidance which will be released during the current financial year.
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