AI assistant
R R KABEL LIMITED — Earnings Release 2023
Nov 6, 2023
62213_rns_2023-11-06_6b019f86-530d-497e-b7e8-71495ff8f69c.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [116 x 56] intentionally omitted <==
6[th] November 2023
Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
Script Code: 543981
National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1, Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051
Symbol: RRKABEL
Sub: Press Release on the Unaudited Financial Results of the Company under Regulation 30 of SEBI ~~(Listing Obligations and Disclosure Requirements) Regulations, 2015 (2015’) ‘SEBI (LODR) Regulations,~~
Dear Sir/Madam,
Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and the half year ended 30[th] September 2023.
Kindly take the same on your record.
Thanking you,
Yours sincerely,
For R R KABEL LIMITED
HIMANSHU NAVINCHANDRA PARMAR Digitally signed by HIMANSHU NAVINCHANDRA PARMAR DN: c=IN, postalCode=390019, st=GUJARAT, street=A33 VRAJ BUNGLOWSVADODARAWAGHODIA DABHOI RING ROADNEAR NARAYAN SCHOOL 390019, l=VADODARA, o=Personal, title=8515, serialNumber=1a3a534c79507f4f529cc067919d243ce581e1d4630b87aff6dad7f9b3d080be, pseudonym=851520230518181721243, 2.5.4.20=21612d28ba563e6d156fe449d2543b0aaaa93560b8179fb746c3b3b129c152b4, [email protected], cn=HIMANSHU NAVINCHANDRA PARMAR Date: 2023.11.06 20:52:40 +05'30'
Himanshu Navinchandra Parmar
M. No. – F10118
==> picture [425 x 28] intentionally omitted <==
Investor Release
==> picture [101 x 25] intentionally omitted <==
==> picture [101 x 24] intentionally omitted <==
==> picture [101 x 25] intentionally omitted <==
RR Kabel Limited reports strong performance for Q2 & H1 FY24
Mumbai, November 06, 2023 – RR Kabel (RRK), the leading consumer electricals player and 5[th ] largest Wires and Cables (W&C) Company in India with over 7% market share (of the branded market) & strong presence in Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter ended on September 30, 2023.
==> picture [496 x 21] intentionally omitted <==
----- Start of picture text -----
Q2FY24 Financial Performance Snapshot (y-o-y)
----- End of picture text -----
| Revenue from Operations Rs. 1,609.7 crores +17.7% |
EBITDA Rs. 121.1 crores 92.7% |
Profit Before Tax (PBT) Rs. 105.0 crores +120.1% |
Profit After Tax (PAT) Rs. 74.1 crores +111.7% |
|||
|---|---|---|---|---|---|---|
Key Financial Highlights
| Particulars (Rs. Crs.) | Q2 FY24 | Q2 FY23 | y-o-y | Q1 FY24 | q-o-q | H1 FY24 | H1 FY23 | y-o-y |
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,609.7 | 1,367.2 | 17.7% | 1,597.3 | 0.8% | 3,207.0 | 2,603.1 | 23.2% |
| EBITDA | 121.1 | 62.8 | 92.7% | 113.6 | 6.6% | 234.7 | 102.6 | 128.7% |
| EBITDA Margins (%) | 7.5% | 4.6% | 293 bps | 7.1% | 41 bps | 7.3% | 3.9% | 338 bps |
| Profit Before Tax | 105.0 | 47.7 | 120.1% | 99.4 | 5.7% | 204.4 | 72.4 | 182.5% |
| Profit After Tax | 74.1 | 35.0 | 111.7% | 74.3 | -0.3% | 148.4 | 53.2 | 179.3% |
| PAT Margins (%) | 4.6% | 2.6% | 204 bps | 4.7% | -5 bps | 4.6% | 2.0% | 259 bps |
Operational Highlights
==> picture [179 x 18] intentionally omitted <==
----- Start of picture text -----
Q2FY24 Revenue Mix
----- End of picture text -----
W&C
-
Revenue from the W&C segment registered ~24% growth in H1 FY24 compared to H1 FY23.
-
EBIT from the W&C segment doubled from Rs 126 cr to Rs 258 cr, demonstrating a remarkable growth of over 100%, on the back of margin expansion.
FMEG
-
Revenue from FMEG segment registered a growth of ~20% in H1 FY24 over H1 FY23 on the back of the product mix, and increase in contribution from HEB which was acquired last year in May’22
-
EBIT improved due to increase in the gross margin which is partly off set by indirect expenses
==> picture [56 x 87] intentionally omitted <==
----- Start of picture text -----
Revenue Mix
(Q2FY24)
90%
W&C FMEG
----- End of picture text -----
- FMEG business segment continue to remain negative, due to higher fixed cost and lower capacity utilization
Commenting on the Results, Mr. Shreegopal Kabra, MD said, - “ Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in our sales volume. This has been underpinned by the thriving real estate sector, robust infrastructure development, and a flourishing export market. It is equally essential to recognize that this success has been achieved through a steadfast commitment to deliver products of the highest quality while ensuring the utmost safety for our customers.”
1
==> picture [500 x 22] intentionally omitted <==
----- Start of picture text -----
Q2 & H1FY24 (y-o-y) Key Financial Highlights Consolidated:
----- End of picture text -----
==> picture [500 x 200] intentionally omitted <==
----- Start of picture text -----
Revenue (Rs. Cr) EBITDA (Rs. Cr) & Margin(%) PAT (Rs. Cr) & Margin(%)
INR in Crs
4.6% 7.5% 3.9% 7.3% 2.6% 4.6% 2.0% 4.6%
+129% +179%
+23%
3207.0 234.7 148.4
2603.1 +112%
+18% +93%
1609.7 121.1 74.1
1367.2 102.6
53.2
62.8
35.0
Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24
----- End of picture text -----
About RR Kabel Limited
RRK is one of the leading companies in India’s consumer electrical industry (comprising wires and cables and FMEG) and has an operating history of over 23 years in the country. RRK is the fifth largest player in the branded wires and cables market in India, representing approximately 7% market share by value as of FY23 (vs. 5% in FY15).
It is one of India’s largest exporters of wires and cables from India with 9% market share of the exports market (as of FY23). The company had one of the largest networks of electricians – 3,26,214 electricians across India as of Sep’23.
| Company | Investor Relations: Orient Capital | ||
|---|---|---|---|
| Name: Pratik Agarwal (GM- Corporate Affairs & Investor Relations) |
Name: Irfan Raeen/ Ronak Jain | ||
| Email: [email protected] | Email:[email protected]/ [email protected] |
||
| CIN: U28997MH1995PLC085294 | Tel :+91 9820 950544 | ||
| https://www.rrkabel.com | www.orientcap.com |
Safe Harbor
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. Past performance also should not be simply extrapolated into the future. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forwardlooking statements to reflect events or circumstances after the date thereof.
2