Polycab Q3 Profit Jumps 35.7% YoY, But Misses Estimates; Stock Dips 3.8%

• Polycab India reported a net profit of ₹621.7 crore in Q3, a 35.7% increase year-on-year, but below CNBC-TV18's estimate of ₹644 crore.
• Quarterly revenue surged by 46.1% year-on-year to ₹7,636 crore, surpassing the market estimate of ₹6,761 crore.
• EBITDA for Q3 stood at ₹967 crore, slightly below the estimated ₹977 crore, showing a 34.3% increase from the previous year.
• The company's margin was 12.7%, lower than the market's 14.4% estimate and down from 13.8% in the same quarter last year.
• Following the Q3 results, Polycab's stock price fell sharply by 3.8%, closing at ₹7044 on the BSE.

Why It Matters: Polycab's Q3 profit grew significantly year-on-year but missed estimates, leading to a stock decline despite strong revenue.