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Polycab India Limited (NSE: Polycab) Achieves Highest Ever First Quarter Revenue, Ebitda & Profitability

Polycab India Limited (NSE: POLYCAB) reports its highest-ever first quarter results for FY27, with revenue, EBITDA, and profitability surging by 39%, 32%, an.

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Polycab India Limited NSE Polycab Q1 FY27 Results

Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its results for the quarter ended June 30, 2026, marking its highest-ever first quarter revenue, EBITDA, and profitability. The company’s consolidated revenues grew by a robust 39% year-on-year to ₹ 82,097 million, driven by strong execution across both Wires & Cables and Fast-Moving Electrical Goods (FMEG) businesses.

Wires and Cables Segment

The Wires and Cables business reported a growth of 39% year-on-year during the quarter, led by a robust 43% increase in domestic revenues. This performance was supported by healthy market demand and on-ground execution excellence under Project Spring. The wires segment outperformed the cables segment, with channel sales registering higher growth than institutional sales within the cables business.

FMEG Business

The FMEG business delivered an outstanding quarter, recording 71% year-on-year growth. Growth momentum remained broad-based across all product categories. Solar products continued to be the key growth driver, achieving more than two-fold growth over the previous year and retaining its position as the largest category within the FMEG portfolio. Profitability continued to improve, with EBIT margins expanding to 8.0%.

Looking Ahead

Supported by a strong financial position and ongoing investments in capacity enhancement, innovation, and distribution expansion, Polycab India Limited is well-positioned to strengthen its market leadership and deliver sustainable, industry-leading growth over the long term.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Polycab India Limited

Polycab India Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

POLYCAB
Industrials › Electrical Equipment & Parts
—
84
Fundamental
50
Technical
67
Overall

1W +0.3%
1M +1.14%
3M -9.55%
P/E: 43.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Polycab gains 18.0% over three months and trades near its 52-week highs. Thin margins at 9.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 26.6% and profits at 28.1% CAGR. Both numbers are exceptional. The stock gives back 2.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The business grows revenue at 26.6% and profits at 28.1%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.87 premium is usually justified. Check Fundamentals of Polycab India Limited.

Industrials

Tembo Global Industries Lists on BSE Main Board, Strengthens Focus on Defence

Tembo Global Industries Limited lists on BSE Main Board, focusing on defence manufacturing, small arms, ammunition, and drone technologies.

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Tembo Global Industries Limited TEMBO BSE Main Board Defence

Tembo Global Industries Limited has listed its equity shares on the Main Board of BSE Limited, marking a significant milestone in the company’s growth journey. The listing ceremony was attended by Mr. Sanjay J. Patel, Managing Director of Tembo Global Industries Limited, along with members of the company’s leadership team. Alongside its established engineering and industrial businesses, the company is strengthening its strategic focus on defence manufacturing through its subsidiary, Tembo Classic Engineering Private Limited.

Strategic Focus on Defence Manufacturing

The company’s key areas of focus include small arms, ammunition, and unmanned aerial vehicle (UAV) technologies, reflecting the group’s ambition to develop specialised manufacturing capabilities and participate in India’s evolving defence and aerospace ecosystem.

Collaborations and Licences

A key initiative in the company’s defence manufacturing strategy is its collaboration with Belgium-based Lachaussee SA to establish an ammunition production line in India. The proposed project, valued at approximately €50 million, is expected to have an annual production capacity of around 100 million rounds, subject to agreed terms and project implementation plans. Separately, the company has entered into a technology tie-up with a strategic European partner that includes a 100% production buyback arrangement. These initiatives form part of the group’s broader efforts to develop domestic arms and ammunition manufacturing capabilities and strengthen its presence in India’s defence manufacturing sector.

Future Prospects

The subsidiary has received a government licence for ammunition manufacturing and has also obtained a small-arms manufacturing licence. Its defence manufacturing facility in Amravati, Maharashtra, is under development, with commercial production targeted for Q1 FY2028. These developments form part of the group’s broader plans to establish a presence in arms and ammunition manufacturing while building the capabilities required to serve relevant domestic and international markets.

Drone and UAV technologies represent another important area of the Tembo Group’s expansion strategy. Through JR UAV Limited, a joint venture with international partners, the group is pursuing opportunities in specialised UAV component manufacturing. This initiative supports the group’s efforts to participate in the growing unmanned systems ecosystem.

The BSE listing is expected to enhance the company’s capital-market visibility and investor engagement as it pursues its broader growth strategy.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Tembo Global Industries Limited

Tembo Global Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

TEMBO
Industrials › Metal Fabrication
BREAKOUT
70
Fundamental
78
Technical
74
Overall

1W -1.21%
1M -0.61%
3M -89.87%
P/E: 11.8 Cap: Small
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Tembo falls 89.9% over three months and has not found a floor yet. The PEG of 0.08 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 8.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. RSI stands at 21, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. Both the business and the stock move in the right direction. Revenue grows at 61.4%, profits at 156.9%, and the PEG sits at 0.08 — below its growth rate. That combination is rare. Check Fundamentals of Tembo Global Industries Limited.

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Industrials

Polycab India Limited (NSE: Polycab) Q2 FY27: Highest Ever Revenue, Ebitda & Profitability

Polycab India Limited (NSE: POLYCAB) announced its Q2 FY27 results with highest ever revenue, EBITDA & profitability.

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Polycab India Limited NSE Polycab Q2 FY27 Results

Polycab India Limited (NSE: POLYCAB) today announced its results for the quarter ended September 30, 2026. The company delivered its highest-ever second quarter and half-yearly revenue and profitability, reflecting the strength of its market position and the robust performance of its Wires & Cables business, as well as the continued strengthening of its Fast-Moving Electrical Goods (FMEG) business.

Quarterly Performance

The consolidated revenues delivered a strong 53% year-on-year growth to stand at ₹98,989 Mn. The Wires & Cables business registered 47% year-on-year growth, driven by a robust 50% increase in domestic revenues. The FMEG segment delivered another breakthrough quarter, with revenues increasing more than doubling year-on-year (+124%) on the back of strong demand across all key product categories. EBITDA grew by a strong 39% year-on-year and 25% quarter-on-quarter, driven by sequential margin expansion across segments. PAT registered a strong growth of 43% year-on-year.

Half-Yearly Performance

The company achieved a significant milestone, with half-year revenues surpassing ₹180 billion for the first time. Revenue grew by 46% year-on-year to ₹1,81,086 Mn from ₹1,23,832 Mn in H1 FY26. EBITDA grew 36% year-on-year to ₹25,587 Mn in H1 FY27 from ₹18,784 Mn in H1 FY26. PAT increased by 38% year-on-year to ₹17,867 Mn from ₹12,927 Mn in H1 FY26, registering the company’s highest-ever half-yearly PAT.

As a result, Polycab India Limited remains committed to accelerating growth, driving premiumization, deepening market penetration, and consistently delivering superior value to customers, partners, and shareholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Polycab India Limited

Polycab India Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

POLYCAB
Industrials › Electrical Equipment & Parts
—
84
Fundamental
50
Technical
67
Overall

1W +0.3%
1M +1.14%
3M -9.55%
P/E: 43.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Polycab falls 9.6% over three months and has not found a floor yet. Thin margins at 9.2% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 26.6% and profits at 28.1% CAGR. Both numbers are exceptional. The stock gains 1.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 26.6% and profits at 28.1% CAGR, with D/E of 0.15. Meanwhile, the stock dips 9.6% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Polycab India Limited.

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AXISCADES

Axiscades Technologies Limited (NSE: Axiscades) to Acquire Silicon Valley-based ITSJ Business

AXISCADES Technologies Limited (NSE: AXISCADES) announces the acquisition of ITSJ Group’s business, enhancing its AI hardware supply chain.

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Axiscades Technologies Limited NSE Axiscades October 2026 Acquisition

AXISCADES Technologies Limited (NSE: AXISCADES) announced on October 14, 2026, that its Board of Directors has approved the acquisition of substantially all the business assets of ITSJ Group, Inc. (“ITSJ”), a San Jose-based precision engineering and electronics manufacturer, by XIDA Inc. (“XIDA”), the group’s US AI-infrastructure company. This acquisition gives XIDA an operating base in Silicon Valley and direct supplier positions in two of the fastest-growing parts of AI hardware: semiconductor equipment and data-centre infrastructure.

Strategic Acquisition for AI Infrastructure

The transaction provides XIDA with a ready-made Silicon Valley platform, including design-to-build capability in San Jose — precision machining, PCB design and assembly, cable and box build, and full system integration, from prototype to production. ITSJ supplies sub-systems to two of the world’s top-five semiconductor-equipment manufacturers and to a leading hyperscale data-centre operator, with live purchase orders in hand.

Performance-Linked Terms

The acquisition will be considered for up to US$ 7.0 million (≈ ₹67 crore), of which only US$ 2.5 million is cash at completion. The balance is XIDA shares vesting over 30 months and an earn-out of up to US$ 2.0 million tied to customer, revenue, and margin milestones. As an asset purchase, ITSJ’s legacy liabilities stay with the seller.

This strategic move will enhance XIDA’s global delivery capabilities, combining a US front end with Indian engineering capabilities, thereby enhancing resilience to tariffs and evolving global trade dynamics. Dr. S. Ravi Narayanan, Chairman, AXISCADES Technologies, said: “AI runs on two things: the tools that make the chips, and the data centres that run them. ITSJ is XIDA’s gateway to both — supplier positions in Silicon Valley that take years to earn, ours from day one. We are delighted to welcome Chau and the ITSJ team as we build XIDA into a global AI-infrastructure company.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of AXISCADES Technologies Limited

AXISCADES Technologies Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

AXISCADES
Industrials › Engineering & Construction
APPROACHING SUPPORT
40
Fundamental
84
Technical
62
Overall

1W -6.9%
1M +14.13%
3M +33.86%
P/E: 203.2 Cap: Mid
AI-Powered Analysis • TradeAlone
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AXISCADES gains 33.9% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 33.9% in three months. Yet revenue grows at only 12.5% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of AXISCADES Technologies Limited.

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