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- Reuters
Cable maker Polycab India posts Q4 profit rise on healthy demand
Polycab India reported a 28.5% jump in its fourth-quarter profit on Friday, driven by strong demand for its wires and cables, its largest segment. Consolidated net profit rose to 5.46 billion rupees ($65.4 million) for the three months ended March 31 from 4.25 billion rupees a year earlier. Cables and wires companies have benefited from a demand surge from the real estate and infrastructure sectors, further aided by the government as it tries to boost the economy.
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