RR Kabel (RRK), a leading player in the consumer electricals sector and the fourth-largest Wires and Cables (W&C) company in India with over 7 per cent market share in the branded market, has announced its highest-ever revenue, EBITDA, and Profit After Tax (PAT) for the fiscal year ended 31 March 2024.
Key financial highlights for FY24 include revenues of Rs. 1,754.1 crores in Q4 FY24, up 15.7 per cent from Rs. 1,516.5 crores in Q4 FY23 and a 7.4 per cent increase from Rs. 1,633.5 crores in Q3 FY24, culminating in a total revenue of Rs. 6,594.6 crores for FY24, a 17.8 per cent rise from Rs. 5,599.2 crores in FY23.
Operating EBITDA for Q4 FY24 stood at Rs. 115.5 crores, a 14.3 per cent increase from Rs. 101.1 crores in Q4 FY23 and a 2.6 per cent increase from Rs. 112.6 crores in Q3 FY24, with a full-year figure of Rs. 462.8 crores, reflecting a significant 43.2 per cent increase from Rs. 323.3 crores in FY23. EBITDA margins were slightly lower at 6.6 per cent in Q4 FY24 compared to 6.7 per cent in Q4 FY23 and 6.9 per cent in Q3 FY24, but the overall FY24 margin improved to 7.0 per cent from 5.8 per cent in FY23.
Profit before tax reached Rs. 105.7 crores in Q4 FY24, a 19.8 per cent increase from Rs. 88.3 crores in Q4 FY23 and a 10.2 per cent increase from Rs. 95.9 crores in Q3 FY24, totaling Rs. 406.1 crores for FY24, up 58.6 per cent from Rs. 256.0 crores in FY23. Profit after tax was Rs. 78.7 crores in Q4 FY24, a 20.6 per cent increase from Rs. 65.3 crores in Q4 FY23 and a 10.9 per cent increase from Rs. 71.0 crores in Q3 FY24, with an annual figure of Rs. 298.1 crores, marking a 57.0 per cent increase from Rs. 189.9 crores in FY23.
PAT margins improved to 4.5 per cent in Q4 FY24 from 4.3 per cent in Q4 FY23 and Q3 FY24, and the annual margin increased to 4.5 per cent in FY24 from 3.4 per cent in FY23.
Commenting on the Results, Shreegopal Kabra, Managing Director of RR Kabel, expressed pride in the company's achievements, stating, "With great pride, RR Kabel announces its highest-ever revenue, EBITDA, and PAT for FY24, driven by robust volume growth. Positioned as the 4th largest player in the wire and cable industry by value, our strong presence in housing wire and focus on infrastructure development contribute to our success. Additionally, strategic emphasis on power cables and exploration of emerging sectors ensure sustainable growth. Supported by sustained demand in real estate, infrastructure, construction, and utilities sectors, our performance aligns with economic trends. We remain dedicated to delivering value to investors through strategic initiatives and market positioning."
RR Kabel Limited is a prominent consumer electrical company in India with over 25 years of operational history. As the country's largest exporter of wires and cables, RR Kabel offers a comprehensive range of electrical products, including wires & cables, fans, lighting, electrical accessories, and appliances for residential, commercial, industrial, and infrastructural purposes. The company is committed to quality and innovation, with its products adhering to global guidelines and standards for safety and reliability.
