RR Kabel Q1 FY-25 Financials: Revenue Up 13%, PAT Slumps 14% YoY

August 5, 20241058 Views Cables, Financials, FMEG, RR Kabel, Wires

RR Kabel [NSE: RRKABEL], an Indian manufacturer of wires and cables and Fast Moving Electrical Goods (FMEG), has announced its financial results for Q1 of FY-25.

RR Kabel’s Standalone Financial Results for Q1 FY-25

During Q1 of FY-25, RR Kabel earned a standalone revenue of Rs. 1,808.11 crore and a Profit After Tax (PAT) of Rs. 63.89 crore.

The company’s Earnings Per Share (EPS) stood at Rs. 5.66 during initial quarter of FY-25.

Consolidated Revenue of RR Kabel in Q1 of FY-25

RR Kable’s Revenue Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY24

YoY Comparison of RR Kabel’s Financial Figures: Q1 FY-25 vs. Q1 FY-24

On a Year-over-Year (YoY) basis, RR Kabel’s revenue increased to Rs. 1,808.11 crore during Q1 of FY-25 from Rs. 1,597.31 crore during Q1 of FY-24, representing a growth of 13.20% YoY.

RR Kable’s PAT Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY24

Despite the increase in revenue, the company’s PAT fell by 13.41% YoY to Rs. 64.38 crore during Q1 of FY-25 from Rs. 74.35 crore earned during Q1 of FY-24.

The company’s EPS stood at Rs. 5.71 during Q1 of FY-25 against Rs. 6.69 during Q1 of FY-24.

RR Kabel’s QoQ Financial Numbers Comparison: Q1 FY-25 vs. Q4 FY-24

The company’s revenue from operations was up by 3.08% from Rs. 1,754.07 crore earned during Q4 of FY-24. However, RR Kabel’s PAT slumped by 18.22% QoQ from Rs. 78.72 crore clocked during Q4 of FY-24.

Segment-Wise Revenue Comparison of RR Kabel

Rs. in Cr.

RR Kable’s Segmental Revenue: Q1 FY-24 vs. Q1 FY-25

Wires & Cables: This segment of the company bought in a revenue of Rs. 1,578.19 crore during Q1 of FY-25 against Rs. 1,423.08 crore during Q1 of FY-24. This increase in revenue showed a growth of 10.90% YoY.

This segment contributed 87% of RR Kabel’s gross revenue* during Q1 of FY-25.

*Gross revenue of a company represents the total of segmental revenues before subtracting inter-segmental revenue.

The company mentioned in its corporate presentation for Q1 FY-25 financials “RR Kabel is one of India’s largest exporters of wires and cables from India with ~10% market share of the exports market (as of FY24)”. The company exports wires & cables to about 67 countries.

FMEG: The company’s revenue from FMEG segment increased by 24.25% to Rs. 229.97 crore during Q1 of FY-25 from Rs. 185.09 crore in Q1 of FY-24. The company mentioned that revenue from this segment increase because of volume growth in fans, appliances & switches.

RR Kabel’s CapEx Plans for FY-25

About the capex for financial year 2024-25, Mr. Rajesh Jain, Chief Financial Officer of RR Kabel, said “At the beginning of FY24 we had made a capex plan of INR 500 crores that is spread over FY24 and 25 and I am happy to inform that we are on track and this will be completed by March’25”. He added that out of the aforementioned Rs. 500 crore capex plan, the company had invested about Rs. 200 crore during FY-24 and will invest the remaining Rs. 300 crore during FY-25.

About RR Kabel Pvt. Ltd.: Mumbai-headquartered RR Kabel is a part of RR Global and is a manufacturer of wires, cables, and Fast Moving Electrical Goods (FMEG) in India. The company has manufacturing plants at Silvassa and Waghodia.