R R Kabel (RRKABEL) Q4 20/21 earnings summary

Executive summary

• FY2020-21 revenue from operations reached ₹271,594.22 lakh; reported EBITDA was ₹252.14 crore and PAT ₹134.30 crore, amid COVID-related disruption and recovery in H2.

• Revenue and profit increased YoY despite factory closures, supply interruptions and weaker demand early in the year; cost optimisation supported EBITDA growth.

Financial highlights

• Total revenue was ₹273,793.73 lakh vs ₹249,944.88 lakh in FY2019-20; the directors reported 9.54% growth. Revenue from operations was ₹271,594.22 lakh vs ₹247,243.07 lakh.

• PBT rose to ₹18,033.39 lakh from ₹15,775.31 lakh; PAT increased to ₹13,429.80 lakh from ₹12,247.64 lakh.

• EBITDA was ₹252.14 crore, up 9% YoY; PAT was reported up 10% YoY in the Chairman’s message.

• Basic and diluted EPS were ₹48.37 vs ₹44.11; total comprehensive income was ₹14,195.66 lakh vs ₹11,484.26 lakh.

• Net operating cash flow was an outflow of ₹7,105.89 lakh vs an inflow of ₹21,129.03 lakh, reflecting working-capital absorption, including higher inventories.

Outlook and guidance

• Demand improved in Q3 and Q4 as consumption recovered; management cited expected Indian GDP growth of 8%-9% from economists, not as company guidance.

• Digital transformation, micro-market expansion through Project KaRRma, product training and the Loyalty Management Program were positioned to support sales reach and brand loyalty.

• COVID-related economic and operating conditions were to remain under monitoring; forecasts indicated capacity to meet obligations due over the next year.