R R Kabel (RRKABEL) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever nine-month FY25 revenue of ₹5,400.4 Cr, up 11.6% year-over-year, with Q3 FY25 revenue at ₹1,782.2 Cr, despite macroeconomic challenges and volatile commodity prices.

• Sequential improvement in EBITDA and PAT margins in Q3 FY25, with strong performance in both Wires & Cables (W&C) and Fast Moving Electrical Goods (FMEG) segments.

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended 31 December 2024.

• Strategic initiatives include capacity expansion, high-margin product launches, and distribution network expansion to drive future growth and profitability.

• Appointment of Ms. Deepa Gupta as Secretarial Auditor for FY 2024-25.

Financial highlights

• Q3 FY25 revenue reached ₹1,782.2 Cr, up 9.1% year-over-year; nine-month FY25 revenue at ₹5,400.4 Cr, up 11.6% year-over-year.

• Q3 FY25 EBITDA at ₹111.0 Cr, down 1.4% year-over-year but up 29.7% sequentially; PAT at ₹68.6 Cr, down 3.3% year-over-year but up 38.5% sequentially.

• Export revenues increased 11% YOY in Q3; domestic revenue grew 6% YOY in Q3.

• EPS for Q3 FY25 at ₹6.0 and for nine months at ₹16.1.

• Standalone and consolidated net profit for Q3 FY25: ₹7,092.57 lakhs and ₹7,116.62 lakhs, respectively.

Outlook and guidance

• Anticipates double-digit EBITDA margins in coming years, targeting company-level double-digit margins by FY28.

• Expects 15% volume growth in Q4 FY25, aiming for 10%-12% overall volume growth for FY25.

• Wire and cable segment margin expected to reach ~8% in Q4 FY25; FMEG segment expected to break even by Q1 FY26.

• Management does not anticipate any material adverse impact from ongoing income tax search proceedings.