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
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