Polycab shares rally 6% on strong operational performance in Q2

In Q2FY21, the company's Ebitda grew 16 per cent year on year at Rs 312 crore, and margin improved 272 basis points to 14.76 per cent over the previous year quarter

Shares of Polycab India rallied 6 per cent to Rs 935 on the BSE on Monday in an otherwise subdued market after the company reported strong operational performance for the quarter ended September 2020 (Q2FY21).

The management remains optimistic about robust economic potential over mid to long term, government initiatives and reviving consumer sentiment should support demand in months to come.

In Q2FY21, the company’s Ebitda (earnings before interest, taxes, depreciation, and amortization) grew 16 per cent year on year (YoY) at Rs 312 crore, margin improved 272 basis points to 14.76 per cent over the previous year