R R Kabel (RRKABEL) Q1 24/25 earnings summary

Executive summary

• Achieved record revenue of over INR 6,595 Cr in FY24, up 17.8% year-over-year, driven by strong volume growth in both Wires & Cables (W&C) and Fast Moving Electrical Goods (FMEG) segments.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2024 were approved, with statutory auditors issuing an unmodified review conclusion.

• Appointment of PricewaterhouseCoopers Services LLP as Internal Auditor for FY 2024-25 was approved following the completion of the previous auditor's term.

• W&C contributed 88% and FMEG 12% to FY24 revenue, with robust domestic and export performance.

• Listed on NSE & BSE in Sep 2023 with a 14% listing day gain.

Financial highlights

• FY24 revenue from operations: INR 6,594.6 Cr (up 17.8% YoY); Q4FY24 revenue: INR 1,754.1 Cr (up 15.7% YoY).

• Consolidated revenue from operations for Q1 FY25 was ₹180,811.02 lakhs, up from ₹159,731.35 lakhs in Q1 FY24.

• FY24 EBITDA: INR 462.8 Cr (up 43.2% YoY); EBITDA margin: 7.0%.

• FY24 PAT: INR 298.1 Cr (up 57% YoY); PAT margin: 4.5%.

• Consolidated profit after tax for Q1 FY25 was ₹6,437.87 lakhs, compared to ₹7,434.78 lakhs in Q1 FY24.

Outlook and guidance

• Focus on expanding FMEG segment with new product launches and premiumization.

• Continued investment in R&D, sustainability, and distribution network to drive future growth.

• Management does not anticipate any material adverse impact from ongoing income tax search proceedings as of the reporting date.