Polycab India Q2 earnings: Net profit rises 43%, EBITDA at Rs 1,422 crore

Polycab India reported Rs 1,422 crore, with movement of 43% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.4% on the day at ₹8,215.00, and has returned -12.9% over three months. It sits 18% below its 52-week high. The capital goods & engineering sector has moved -2.0% over the same period, so Polycab India is running 10.9 points behind its peers.

For Polycab India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.