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Polycab India s consolidated net profit jumped 19.1% to Rs 263.62 crore on 11.6% rise in net sales to Rs 2,798.83 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) soared 22.1% to Rs 354.11 crore in Q3 December 2020 as against Rs 289.97 crore in Q3 December 2019. Total tax expense for the quarter increased 31.99% to Rs 90.49 crore as against Rs 68.56 crore in Q3 December 2019. The Q3 result was declared on Saturday, 23 January 2021.
Wires & cables business grew 6% Y-o-Y (year-on-year) to Rs 2,270.30 crore in Q3 FY21 from Rs 2,150.20 crore in Q3 FY20 despite a high base. Construction activities are progressing, albeit at a slower pace as consumer demand remains robust with improving sentiment. Wires saw strong traction, as per the company s disclosure.
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