Bumper Dividend Announced! THIS Cable Stock Declares 350% Dividend, Posts 33% Profit in Q4; Do You Own?

Polycab India Limited, on Tuesday, announced a 350% dividend to its eligible shareholders for the financial year 2024-25. The cable sector company announced a dividend while announcing its Q4 results for FY25, in which it had registered a 33% year-on-year increase in its net profit.

Shares of Polycab India Limited surged during Tuesday's trading session after Q4 results and dividend announcements. The company scrip was trading 4.4% higher at Rs 6055 per share on BSE at 2 pm. Its market capitalisation stood at Rs 91,083.79 crore.

Polycab India dividend

Polycab India on Tuesday announced a dividend of Rs 35 per equity share with a face value of Rs 10 per share. The company is yet to finalise the record date for the dividend payment.

"Recommendation of dividend 350% i.e. ₹35/- per equity share of face value of ₹10/- each for the financial year 2024-25, subject to approval of members at the ensuing Annual General Meeting," noted the company in its BSE exchange filing.

Polycab India's dividend will be paid within a month after the Annual General Meeting (AGM). "The dividend, if approved by the members in the ensuing Annual General Meeting will be paid on or before 30 days from the date of Annual General Meeting. The Book Closure and Record Date for dividend purpose will be intimated in due course," the company added in its press release.

Polycab India Dividend: How To Become Eligible For Payment?

For investors interested in Polycab India's dividend and are willing to get its benefit, it is important to own the company's scrip on or before its record date. So far, there is no clear information about the record date.

Polycab India Q4 Result

The wire and cables company registered a 33% annual increase in its net profit after tax to Rs 726.7 crore in Q4FY25 against Rs 546 crore reported in the year-ago period. Its revenue increased by 25% YoY to Rs 69,858 million during the quarter under review. EBITDA was higher by 35% YoY to Rs 10,254 crore during the March quarter.

Moving to Polycab India's performance in FY25, the company's revenue increased by 24% YoY to Rs 2,24,083 million during FY25. Its EBITDA was up 35% YoY to Rs 10,254 million.

"We have concluded FY25 on a historic high, delivering record revenues for both the fourth quarter and the full year, driven by strong, broad-based growth across business segments. Exceeding our Project Leap FY26 revenue goal a year ahead of the committed schedule is a testament to our focused execution, market leadership, and strategic resilience. Our core Wires and Cables business maintained its strong momentum, the FMEG business grew ahead of the industry as well as achieved quarterly profitability," said Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited.

Company's wires and cables segment clocked a 22% You growth during the quarter ending in March, supported by sustained momentum across key sectors. Key contributors in the segment growth were increased government spending, improved project execution, continued strength in real estate, and an inflationary trend in commodity prices.