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

Executive summary

• Achieved record revenue of INR 6,595 Cr in FY24, up 17.8% year-over-year, with highest-ever operating EBITDA and PAT 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.

• Expanded global and domestic distribution, with presence in 85+ countries and a robust pan-India network of 4,000+ dealers and 3,900+ distributors.

• Continued focus on premiumization, product innovation, and operational efficiency, supporting margin improvement and brand strength.

Financial highlights

• Revenue from operations grew 17.8% year-over-year to INR 6,594.6 Cr in FY24; Q4FY24 revenue was INR 1,754.1 Cr, up 15.7% year-over-year.

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

• Operating EBITDA rose 43.2% year-over-year to INR 462.8 Cr in FY24; EBITDA margin improved to 7.0% from 5.8% in FY23.

• PAT increased 57.0% year-over-year to INR 298.1 Cr in FY24; PAT margin improved to 4.5% from 3.4% in FY23.

• Basic EPS for Q1 FY25 stood at ₹5.71, compared to ₹6.69 in Q1 FY24.

Outlook and guidance

• Positioned for continued growth in both W&C and FMEG segments, leveraging strong brand, expanding product portfolio, and distribution network.

• Focus on premiumization, operational excellence, and omni-channel presence to drive future revenue and margin expansion.

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