POLYCAB Q2 FY27 Guidance vs Delivery (POLYCAB Management Mirror)

EHV Plant Commissioning Deferred to FY28 From CY26 End Guided in Mar'26 Qtr

In the Sep'26 Qtr concall, management updated timelines for the Extra High Voltage (EHV) plant, noting commissioning is now expected in FY28, potentially starting in April or May 2027. This stands deferred from the Mar'26 Qtr guidance, which had originally targeted commissioning by the end of calendar year CY26. Going forward, management guides that the asset will start contributing to top-line commercial revenue in FY28, targeting a domestic market where approximately 50% of current consumption is imported.