Polycab India Stock Falls as Higher Expenses Squeeze Q3 Margins Despite Revenue Surge

• Polycab India's stock fell 3.7% after its Q3 results, closing at ₹7,049.5.
• Revenue surged 46.1% year-on-year to ₹7,636.1 crore, exceeding CNBC-TV18 poll estimates.
• EBITDA rose 34.2% to ₹966.7 crore but was slightly below street expectations.
• EBITDA margin narrowed by over 100 basis points to 12.66%, missing estimates due to higher expenses.
• Advertising and sales promotion expenses more than doubled, and finance costs also increased significantly.

Why It Matters: Polycab India's Q3 revenue grew strongly, but increased expenses led to margin contraction and a stock drop.