Fri, Jan 19, 2024
The growth in revenue was "on the back of strong volume growth in the wires and cables business," said Polycab in an earnings presentation.
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Wed, Jan 17, 2024
The research desk estimates margins to be steady at 14 per cent. PAT, or profit after tax, is also seen climbing 13 per cent on-year during the period under review to Rs 407 crore.
Thu, Jan 11, 2024
In an exclusive report, Zee Business said that the Income Tax Department conducted searches on more than 50 locations of Polycab India on December 22, 2023. The report said that in the searches, it was found that the company made sales of Rs 1,000 crore which was not shown in book of accounts.
Wed, Jan 10, 2024
Earlier, Zee Business reported, citing sources, that Polycab India was found involved in two types of tax evasions after the Income Tax Department searched the company's premises and plants on December 22. In a statement on Tuesday, Polycab India said that the company had not received any information from the Income Tax Department regarding the results of the search.
Thu, Oct 19, 2023
Polycab India has strong orders of about 4-6 months - Inder Jaisinghani, CMD, PolycabIndia. Expected 13-14% margin in cable & wires business - Gandharva Tongia, CFO, Polycab India
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