RR Kabel Limited (RRK) just dropped their latest financials, and it’s lit. As one of the top dogs in consumer electricals and the 4th biggest Wires and Cables (W&C) company in India, RR Kabel is flexing hard with their highest-ever revenue, EBITDA, and Profit After Tax (PAT) for FY24.
For Q4 FY24, RR Kabel pulled in ₹1,754.1 crores, up 15.7% from last year. Their Operating EBITDA is at ₹115.5 crores with a 6.6% margin. Profit Before Tax (PBT) is ₹105.7 crores, and their Profit After Tax (PAT) hit ₹78.7 crores, marking a 20.6% jump from the previous year.
The whole FY24 was fire, with revenues hitting ₹6,594.6 crores, a 17.8% boost from FY23. Operating EBITDA skyrocketed 43.2% to ₹462.8 crores, and EBITDA margins rose to 7%. PBT for the year was ₹406.1 crores, and PAT shot up to ₹298.1 crores, a whopping 57.0% increase from last year. PAT margins also improved, climbing to 4.5% from 3.4% in FY23.
Their Wires and Cables segment is on fleek, with revenues jumping about 18% in FY24 thanks to more demand from infrastructure projects and new sectors. This segment’s profit also soared by 43% due to cost cuts and better efficiency. The Fast Moving Electrical Goods (FMEG) segment also slayed, with revenue up around 19% from more distribution, e-commerce, and new product launches. Plus, the rebrand from Luminous to RR Signature helped boost their game. They also saw better margins from a smarter product mix and buying strategies.
Shreegopal Kabra, MD of RR Kabel, is super stoked about the results. He gave a shoutout to their strong position in the wire and cable market and their focus on housing wires, infrastructure, and power cables. Kabra says they’re all about keeping up the growth with strategic moves that match the vibes in real estate, infrastructure, construction, and utilities.
