Earnings Presentation on the Unaudited Financial Results for the quarter and half year ended September 30, 2026

Date: October 15, 2026 To To Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex Dalal Street, Mumbai, MH - 400001 Bandra (E), Mumbai, MH - 400051 Scrip Code: 542652 Scrip Symbol: POLYCAB ISIN: INE455K01017 Dear Sir(s) / Madam(s), Subject: Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Earnings Presentation on the Unaudited Financial Results of the Company for the quarter & half year ended September 30, 2026. Kindly take the same on your record. Thanking you Yours Faithfully For Polycab India Limited Manita Carmen A. Gonsalves Vice President-Legal & Company Secretary Membership No.: A18321 Address: #29, The Ruby, 21st Floor, Senapati Bapat Marg, Tulsi Pipe Road, Dadar (West), Mumbai, MH-400028 Encl: as above Corporate Office: Registered Office: Polycab India Limited Unit 4, Plot No 105, Halol Vadodara Road CIN: L31300GJ1996PLC114183 Village Nurpura, Taluka Halol, Panchmahal, #29, The Ruby, 21st Floor, Senapati Bapat Marg, Panch Mahals, Gujarat 389 350 Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: +91 2676- 227600 / 227700 Tel: +91 22 2432 7070 - 74 Email: shares@polycab.com Web: www.polycab.com Q2 FY27 Presentation 15 October 2026 Q2 FY27 Financial Performance Polycab India Limited / Q2FY27 Earnings Presentation 2 Key Highlights Top -line Margin Profitability Top-line (Revenue) Top-line (Revenue) Top-line (Revenue) (Revenue) (EBITDA %) (PAT %) Polycab India Limited / Q2FY27 Earnings Presentation 3 Q2FY27: 9,900 Mn 43% YoY 24% QoQ H1FY27: 17,867 Mn 38% YoY Broad - Based Revenue Growth and Strong Earnings Delivery ▪ The Company delivered strong consolidated revenue growth of 53% YoY in Q 2FY 27, driven by strong performance across all segments and continued execution momentum ▪ EBITDA grew by 39 % YoY during the quarter, supported by healthy margins in both W&C and FMEG businesses, improved operational efficiency, and a favourable business mix ▪ PAT registered a growth of 43 %, while PAT margin stood at 10.0 %. H 1FY 27 PAT increased 38 % YoY, with PAT margins at 9.9% Polycab India Limited / Q2FY27 Earnings Presentation 4 Wires & Cables Polycab India Limited / Q2FY27 Earnings Presentation 5 Strong Execution Driving Continued Growth Momentum ▪ The W&C business delivered strong performance, registering 47% YoY growth during the quarter, supported by healthy demand across government and private sectors . Both cables and wires grew strongly, with wires leading the growth momentum . Sales across channel and institutional markets remained healthy . ▪ The international business grew 17% YoY during the quarter, contributing 5.0 % to consolidated revenue ▪ Margins improved ~90 bps QoQ to 14.2%. Sequential margin improvement was driven by operational efficiencies and a favourable business mix Polycab India Limited / Q2FY27 Earnings Presentation 6 FMEG Polycab India Limited / Q2FY27 Earnings Presentation 7 FMEG Delivers Record Double Digit Profitability Backed By Robust Growth ▪ The FMEG business scaled new heights in Q 2FY 27, with revenue more than doubling YoY to attain an all -time high quarterly revenue of ₹9,931 Mn ▪ Growth remained broad -based across all product categories . Solar products continued to outperform, registering multifold growth and retaining their position as the largest growth driver within the FMEG portfolio . All other categories also recorded very strong growth during the quarter . ▪ Q 2FY 27 marked a defining quarter for the FMEG business, with EBIT margins reaching a record 10.1%, underscoring sustained progress in profitability Polycab India Limited / Q2FY27 Earnings Presentation 8 Polycab India Limited / Q2FY27 Earnings Presentation 9 EPC Segment ▪ Revenue registered an increase of 53% YoY for the quarter and 23% YoY for H 1 FY 27 ▪ EBITDA declined by 39 % YoY but improved by 31% QoQ . YoY decline was led by one -off gain in the EPC segment in Q 2FY 26 ▪ The company continues to maintain a healthy order book supporting upcoming execution ▪ Annual sustainable operating margin expected to be in high single digit over mid -to -long term Polycab India Limited / Q2FY27 Earnings Presentation 10 Shareholding Pattern Polycab India Limited / Q2FY27 Earnings Presentation 11 Shareholding Pattern Promoter Q2 FY27 QIB + AIF Others Note: As on 30th September 2026. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands for "Qualified Institutional Buyer"/ "Alternative Investment Fund“. Polycab India Limited / Q2FY27 Earnings Presentation 12 Financial Statements Polycab India Limited / Q2FY27 Earnings Presentation 13 Consolidated Profit and Loss Statement Polycab India Limited / Q2FY27 Earnings Presentation 14 t a l I T D u t i p e r n c o i a t i ( B ) ₹ M n ) Q 2 F Y 2 7 9 8 , 9 8 9 7 5 , 6 2 3 2 3 , 3 6 6 2 , 6 5 7 6 , 4 8 4 9 , 1 4 1 1 4 , 2 2 5 8 8 4 1 , 1 1 0 9 3 6 1 3 , 0 6 2 3 , 1 6 2 9 , 9 0 0 Q 1 F Y 8 2 , 1 0 , r t e r Q 2 F Y 2 6 4 , 7 4 7 , 2 1 7 , 5 2 , 3 1 0 , 2 9 , 2 2 , 2 6 , 9 1 0 0 H 1 F Y 1 , 8 1 1 , 3 4 2 , 2 5 , 2 3 , e a r . 0 % 6 . 3 3 . 7 2 . 9 6 . 7 9 . 6 4 . 1 1 . 2 1 . 0 3 . 1 3 . 2 9 . 9 o D a t e H 1 F Y 2 1 , 2 3 , 8 9 0 , 3 3 3 , 4 4 , 4 1 0 , 1 4 , 1 8 , 7 1 7 , 2 4 , 2 1 2 , 9 Consolidated Balance Sheet Particulars ( ₹ Mn) Sep-26 Jun-26 Sep-25 Particulars ( ₹ Mn) Sep-26 Jun-26 Sep-25 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 53,801 50,965 42,577 Share Capital 1,507 1,506 1 ,505 Non-current Deposits 452 675 2,723 Reserves and Surplus 1,29,434 1,19,504 1,04,432 Other Non-current Assets 10,481 9,854 8,376 Total Shareholder’s Funds 1,30,941 1,21,010 1,05,937 Total Non-current Assets 64,733 61,493 53,676 Minority Interest 1,431 1,305 968 Current Assets Non-current Liabilities Inventories 69,634 62,044 54,182 Borrowings 260 358 432 Trade Receivables 34,593 33,194 28,146 Others - Non-current Liabilities 4,911 3,909 3,576 Investments 40,131 35,441 16,975 Total Non-current Liabilities 5,171 4,267 4 ,008 Cash and Bank Balances 5,733 4,835 10,989 Current Liabilities Others - Current Assets 23,128 17,491 7,743 Short-term Borrowings 8 56 6 94 839 Total Current Assets 1,73,218 1,53,005 1,18,035 Acceptances 65,560 51,408 29,779 Trade Payables 19,667 16,978 15,749 Others - Current Liabilities 14,325 18,838 14,431 Total Current Liabilities 1,00,408 87,917 60,797 Total Assets 2,37,951 2,14,499 1,71,711 Total Equity and Liabilities 2,37,951 2,14,499 1,71,711 Polycab India Limited / Q2FY27 Earnings Presentation 15 Consolidated Cash Flow Statement Other Key Data Points Polycab India Limited / Q2FY27 Earnings Presentation 16 i v a l e n t s Q 2 F Quarter Year To Date Particulars ( ₹ Mn) Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 Advertisement and Sales Promotion Expense 405 328 322 733 472 Capex Spends 2,924 3,166 3,347 6,090 7,486 Net Cash Position* 45,199 39,900 29,416 45,199 29,416 Goods in Transit* 6,579 4,340 6,477 6,579 6,477 Exports Revenue 4,931 2 ,671 4,202 7,601 7,262 Exports Contribution (%) 5.0% 3.3% 6.5% 4.2% 5.9% * as at period end Other Financial Metrics * Including Acceptances Polycab India Limited / Q2FY27 Earnings Presentation 17 o r k e c e i v e n a y a b e t W t h e r t e r e a i n / a i r V x c h a i s c e o t a l i n a n t e r e t e r e t h e r o t a l a l u l l a g C a p i t a l D b l e D a y s r y D a y s D a y s * r k i n g C a p i ₹c o m e ( I n c o m e o s s ) o n R e d e o f F i n a n c e D i f f e r e n c n e o u s I n c o ₹ C o s t ( M o n B a n k B o o n L C , V B D o r r o w i n g C o a y s t a l e m p i a l A e s ( n r r o w a n d s t s t i o Q 1 F Y r a g e F Y 2 6 Q 2 F Y 2 7 8 8 4 Q 2 F Y 2 7 [Showing first 8,000 characters — download PDF for full document]