StockWatch
·

R R Kabel Ltd

BSE: 543981

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
3.2K
+7.5%+54.6%
Expenditure
2.9K
+6.8%+50.7%
Net Profit
203.10
+22.3%+128.8%
OPM %
9.37%
+0.54pp+2.47pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00896.311.8K2.7K3.6KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Record Quarter, But Management's Caution Signals Margin Peak Ahead

cable growth · margin peak · FMEG breakeven

Result verdictFollow-upQ1 FY2703 Aug 20266 minIndustrials & Infra

Strong growth masks guidance caution; FMEG breakeven achieved but sustainability flagged

margin expansion · cable momentum · FMEG breakeven

TranscriptDeep diveQ1 FY2703 Aug 20266 minIndustrials & Infra

Industrials Q1 Reset: Margin Recovery, Capex Conviction

Q1 FY27 · margin recovery · capex

ResearchDeep dive27 Jul 20267 minIndustrials & Infra
Latest
Board Meeting27 Jul, 3:03 pm

R R Kabel Q1: consolidated PAT more than doubles to ₹205 Cr as W&C drives 54% revenue jump

R R Kabel's Q1 FY27 (quarter ended 30 June 2026) is a strong print on both lines. Consolidated revenue rose ~53.9% YoY to ₹3,168 Cr and consolidated PAT jumped ~128.6% to ₹205.2 Cr (EPS ₹18.14), versus ₹2,059 Cr and ₹89.8 Cr a year ago. Sequentially the gains are milder — revenue +6.9% and PAT +22.2% over Q4 FY26 (₹2,964 Cr / ₹167.9 Cr) — so the year-on-year comparison, not the QoQ, is the story. The print carries a ₹13.8 Cr pre-tax exceptional gain (a partial write-back of the labour-code provision the company had charged in FY26); adjusting for it, underlying PAT is ~₹195 Cr, still up ~117% YoY since the year-ago base had no such item. Standalone tells the same story (revenue ₹3,168 Cr, PAT ₹203.1 Cr, EPS ₹17.96); the only gap is the JV (RR-Imperial Electricals) contributing ₹2.1 Cr, so standalone and consolidated do not diverge materially. The margin bridge is the substance behind the profit surge. Operating margin expanded to ~8.8% from ~6.9% a year ago (roughly flat vs Q4's ~8.8%), and net margin widened to ~6.5% from ~4.3% YoY. The lift is led by Wires & Cables, where segment revenue grew ~57% YoY to ₹2,880 Cr and segment PBT more than doubled to ₹285 Cr — a mix of volume, premiumisation and copper/aluminium price pass-through, so reported value growth runs ahead of underlying volume. Just as important, the FMEG segment reached breakeven (segment result ~₹0 Cr) against a ₹7.1 Cr loss a year ago and a ₹9.3 Cr loss in Q4, with FMEG revenue up ~28% YoY to ₹288 Cr. Against management's own 'Project RRise' guidance from the Q4 concall — 16-18% W&C volume growth, FMEG breakeven in FY27, and OPM building toward the ~9.5% FY27 / 10.5% FY28 target — this quarter validates the roadmap: FMEG hit breakeven at the very start of the guided year, W&C growth is running hot, and OPM at ~8.8% sits just below the FY27 aim. On the Street, Motilal Oswal was Neutral (₹2,020, 4 Jun) even as the stock ran up ~47% YTD; no published point estimate for the June quarter was found, so the beat-versus-consensus call is unconfirmed. Alongside the numbers, the board's May appointment of Mahhesh and Rajesh Kabra as Joint Managing Directors and the ₹5.5 FY26 final dividend frame the quarter; a new EPR (non-ferrous scrap recycling) obligation is flagged but not yet quantifiable pending CPCB rules.

27 Jul 2026, 03:03 pm

Corporate Events

Board MeetingRRKABEL
2026
24Sep

Board Meeting

The Board of Directors considered and approved the purchase …

BSE Filing ↗
Board MeetingRRKABEL
2026
27Jul

Board Meeting

The meeting of the Board of Directors is scheduled to consid…

BSE Filing ↗
Board MeetingRRKABEL
2026
15Jul

Board Meeting

The 32nd Annual General Meeting (AGM) is scheduled to be hel…

BSE Filing ↗
DividendRRKABEL
2026
16Jun

₹5.5 / share

BSE Filing ↗
DividendRRKABEL
2025
7Nov

₹4 / share

BSE Filing ↗
DividendRRKABEL
2025
14Jul

₹3.5 / share

BSE Filing ↗
Board MeetingRRKABEL
2024
28May

Board Meeting

Consider and approve Audited Standalone and Consolidated Fin…

BSE Filing ↗