R R Kabel (RRKABEL) Q3 25/26 earnings summary

Executive summary

• Achieved record nine-month revenue, EBITDA, and PAT, driven by strong demand in wires and cables, operational efficiencies, and disciplined execution.

• Benefited from India's robust domestic growth, infrastructure, housing, and electrification trends.

• Maintained momentum despite global trade and commodity volatility, with improved macro stability and easing inflation.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025.

• Key senior management appointments and re-designations were made, including new CSO for FMEG and SVP for Wires and Cables.

Financial highlights

• Q3 FY26 consolidated revenue: ₹253,585.64 lakhs (₹2,535.9 Cr), up 42.3% year-on-year; nine-month revenue: ₹675,821.73 lakhs (₹6,758.2 Cr), up 25.1% year-on-year.

• Q3 FY26 EBITDA: ₹20,640 lakhs (₹206.4 Cr), up 86% year-on-year; nine-month EBITDA: ₹52,600 lakhs (₹526 Cr), up 80% year-on-year.

• Q3 FY26 PAT: ₹11,779.84 lakhs (₹118.2 Cr), up 72.4% year-on-year; nine-month PAT: ₹32,430 lakhs (₹324.3 Cr), up 77.7% year-on-year.

• EPS for Q3 FY26 stood at ₹10.46, compared to ₹6.07 in Q3 FY25; nine-month EPS was ₹28.68, up from ₹16.16 year-over-year.

• Exceptional item of ₹1,901.05 lakhs (~₹19 Cr) in Q3 FY26 due to new labour code implementation.

Outlook and guidance

• Expects continued strong fundamentals for India's electrical industry, supported by infrastructure and housing growth.

• Targeting 100 basis point annual improvement in margins, aiming for double-digit EBIT margins by FY28.

• FMEG segment expected to achieve EBIT break-even in Q4 FY26 and 5-6% EBIT margin by FY28.

• Export growth anticipated to outpace domestic growth over the next three years.

• Management highlights continued strong demand momentum in Wires & Cables and operational improvements in FMEG, with a focus on cost reduction and efficiency.