• Source:JND
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Polycab Share Price: Polycab shares tumbled over 5% after the wires and cable manufacturer reported an 11.5 per cent rise in profit in the December quarter. The heavy fall in the stock came after heavy selling as the Q3 performance of the company did not cheer the investors  At around 2:24 pm, the stock was trading at Rs 6,235.05, down 4.87% against the previous day's closing price.

In the morning the stock opened at Rs 6,597.90 and plunged over 5% intraday low at Rs 5,982.0 per share during the intraday trade.

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Polycab Q3 result

Polycab India Ltd, a manufacturer of cables, wires and fast-moving electrical goods, on Wednesday reported that its consolidated net profit rose 11.5 per cent to Rs 464.35 crore in the December quarter. Sales increased.

Polycab India said in a regulatory filing that the company had posted a consolidated net profit of Rs 416.51 crore in the same period of the previous fiscal.

Consolidated income from operations stood at Rs 5,226.06 crore during the quarter under review as against Rs 4,340.47 crore in the October-December period of the previous year.

Total expenditure in the third quarter stood at Rs 4,634.5 crore as against Rs 3,865.06 crore in the same period of the previous year.

The company said that the revenue of the wire and cable segment during the quarter stood at Rs 4,384.63 crore as against Rs 3,904.1 crore in the same period of the previous fiscal.

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