Polycab Shares In Focus As Promoters To Sell Rs 888 Crore Stake In Block Deal Thursday

Polycab India Share Price: Polycab India shares will be in focus on Thursday as promoters are likely to sell 0.81 per cent stake through block deal worth Rs 888 crore. According to CNBC-TV18 report, the floor price for the transaction has been fixed at Rs 7300 per share, reflecting a 3.09 per cent discount from the last traded price.

The sellers in the transaction include promoter group members: Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani, the CNBC-TV18 report added.

As per the terms, the promoters will observe a 90-day lock-in period on any further share sales following the block deal.

On Wednesday, shares of Polycab India Ltd fell 1.19 per cent to settle at Rs 7,529 per share.

Polycab India reported a strong set of numbers for the quarter ended June 2025, driven by healthy demand and improved operational efficiency. Revenue stood at Rs 5,910 crore, marking a 25.71% year-on-year growth, supported by robust performance across its cables and wires segment. Net income jumped sharply by 49.54% to Rs 592.12 crore, reflecting margin expansion and better cost management. The company’s diluted EPS came in at 39.21, up 49.31% from the same period last year.

Profitability also improved, with the net profit margin rising to 10.03%, compared with 8.43% in the year-ago quarter. The earnings performance surpassed market expectations, with EPS beating estimates by 16.63% and revenue coming in 4.69% higher than projected. This strong showing highlights Polycab’s ability to sustain growth momentum amid industry headwinds while maintaining healthy returns.

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