R R Kabel (RRKABEL) Q2 25/26 earnings summary

Executive summary

• Achieved record half-yearly revenue and profit, with H1 FY26 revenue up 16.7% year-on-year to ₹4,222.4 crore and PAT up 80.9% to ₹206.0 crore, driven by strong Wires & Cables performance and operational discipline.

• Q2 FY26 revenue grew 19.5% year-on-year, supported by robust demand in wires and cables and market momentum from construction, infrastructure, and electrification trends.

• Leadership transition: Rajesh Jain appointed COO, Jigar Mehta as CFO, with a focus on sustaining growth.

• Un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2025 were approved, with no material misstatements per auditor review.

• Interim dividend of INR 4 per share declared, with record date set for 7 November 2025.

Financial highlights

• Q2 FY26 revenue from operations: ₹2,163.8 crore, up 19.5% year-on-year; H1 FY26 revenue: ₹4,222.4 crore, up 16.7%.

• Q2 FY26 EBITDA: ₹176.1 crore, up 105.8% year-on-year; H1 FY26 EBITDA: ₹319.2 crore, up 76.3%.

• Q2 FY26 PAT: ₹116.3 crore, up 134.7% year-on-year; H1 FY26 PAT: ₹206.0 crore, up 80.9%.

• Gross profit margin improved to 18.9% in Q2 FY26 from 15.9% in Q2 FY25.

• Basic EPS for H1 FY26 at ₹18.2, up from ₹10.1 in H1 FY25.

Outlook and guidance

• Confident of sequential growth in H2 FY26, with expectations for H2 to outperform H1.

• Targeting 18% volume growth CAGR under Project RRise; margin improvement of 100 bps achieved and expected to sustain.

• FMEG segment expected to break even by Q4 FY26.

• Long-term EBIT margin target for Wires and Cable: 10.5%-11% by FY28.

• Board declared an interim dividend, reflecting confidence in ongoing performance and cash flow generation.