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.

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

• Cable and wire segment showed moderate volume growth; FMEG segment delivered robust 25% revenue growth for the nine-month period.

• Sequential improvement in EBITDA and PAT margins in Q3 FY25, despite marginal year-over-year reduction.

• Strategic initiatives include capacity expansion, high-margin product launches, and distribution network expansion.

Financial highlights

• Q3 FY25 revenue reached ₹1,782.2 Cr, up 9.1% year-over-year; nine-month FY25 revenue was ₹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 grew 11% YOY in Q3, contributing 27% of total revenue.

• EPS for Q3 FY25 at ₹6.07 (consolidated); nine months at ₹16.16.

• Margins improved sequentially, with Q3 segment profit at 7% and nine-month margin at 6.4%.

Outlook and guidance

• Anticipates 15% volume growth in Q4 FY25, targeting 10%-12% volume growth for the full year.

• Expects wire and cable segment margin to reach 8% in Q4 FY25.

• Confident in achieving double-digit EBITDA margins at company level by FY28.

• FMEG segment expected to break even by Q1 FY26 and accelerate growth through premiumization and omni-channel expansion.

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