R R Kabel (RRKABEL) Q4 22/23 earnings summary

Executive summary

• FY23 revenue rose 27.66% YoY to ₹559,920 lakh, driven by higher business volumes; EBITDA increased 2.07% to ₹35,676 lakh.

• Consolidated profit after tax was ₹18,987 lakh, down from ₹21,393 lakh in FY22, while operating cash flow increased to ₹45,375 lakh from ₹9,817 lakh.

Financial highlights

• Revenue from operations: ₹559,920 lakh vs ₹438,594 lakh in FY22; other income decreased to ₹3,444 lakh from ₹4,628 lakh.

• Profit before tax was ₹25,599 lakh, including ₹94 lakh share of JV profit; FY22 PBT was ₹28,436 lakh, including ₹420 lakh JV profit.

• Consolidated PAT was ₹18,987 lakh vs ₹21,393 lakh; total comprehensive income was ₹20,215 lakh vs ₹23,068 lakh.

• EBITDA was ₹35,676 lakh vs ₹34,953 lakh; profit decline was attributed to higher operating expenses.

Outlook and guidance

• E-Beam plants were being installed, with cable production expected to begin by the end of 2023; expansion focused on solar, fire-safety, medium-voltage, EV and green-energy cables.

• Development and approvals for 66 kV cables were underway, targeting demand from power transmission and distribution infrastructure projects.

• Hybrid renewable-energy sourcing was targeted to exceed 10% of total energy within two years, with projected savings of up to ₹4 crore annually.

• Rainwater recharge at Waghodia was 34% of equivalent water use, with a target of at least 50% the following year.