RR Kabel Reports 33.16% Decline in Q2 FY25 Net Profit Despite Revenue Growth
Despite strong double-digit volume growth in the domestic market, RR Kabel's net profit fell by 33.16% in Q2 FY25. The company's revenue from the wires & cables segment grew by approximately 11%, driven by increased volume and average realization.
Rr KabelNet ProfitRevenue GrowthWires And CablesFmeg SegmentReal Estate NewsOct 24, 2024
Shreegopal Kabra, Managing Director of RR Kabel, commented on the results, stating, “RR Kabel has delivered its highest-ever quarterly and half-yearly revenues, despite overall moderate volume growth. The Wires & Cables business in the domestic market achieved strong double-digit volume growth, while the FMEG segment recorded solid revenue performance. We are optimistic about margin improvements in the second half of the year, with our capital expenditure (capex) plans progressing as scheduled and expected to be completed by the fiscal year-end.”
The board of directors of RR Kabel declared an interim dividend of Rs 2.50 per share, representing a 50% dividend on the equity shares of face value Rs 5 each for the financial year 2024-25.
Revenue from the wires & cables segment grew by approximately 11% in Q2 FY25 compared to Q2 FY24. This growth was driven by volume expansion and an increase in average realization. The company's focus on enhancing operational efficiency and strategic investments is expected to yield better financial outcomes in the coming quarters.
About RR KabelRR Kabel is a prominent manufacturer of wires and cables in India, known for its high-quality products and innovative solutions. The company operates in both the domestic and international markets, catering to a wide range of industries including power, infrastructure, and electronics. With a strong emphasis on research and development, RR Kabel continues to expand its product portfolio and market presence.
FAQs1. What was RR Kabel's net profit for Q2 FY25? - RR Kabel's net profit for Q2 FY25 was Rs 49.52 crore.
2. How much did RR Kabel's revenue grow in Q2 FY25? - RR Kabel's revenue grew by 11.88% to Rs 1,817.35 crore in Q2 FY25.
3. What is RR Kabel's outlook for the second half of the fiscal year? - RR Kabel expects margin improvements in the second half of the fiscal year, with capex plans progressing as scheduled.
4. What was the growth rate of the wires & cables segment in Q2 FY25? - The wires & cables segment saw a growth of approximately 11% in Q2 FY25 compared to Q2 FY24.
5. What interim dividend did RR Kabel declare for the financial year 2024-25? - RR Kabel declared an interim dividend of Rs 2.50 per share (50%) for the financial year 2024-25.
Frequently Asked Questions
What was RR Kabel's net profit for Q2 FY25?
RR Kabel's net profit for Q2 FY25 was Rs 49.52 crore.
How much did RR Kabel's revenue grow in Q2 FY25?
RR Kabel's revenue grew by 11.88% to Rs 1,817.35 crore in Q2 FY25.
What is RR Kabel's outlook for the second half of the fiscal year?
RR Kabel expects margin improvements in the second half of the fiscal year, with capex plans progressing as scheduled.
What was the growth rate of the wires & cables segment in Q2 FY25?
The wires & cables segment saw a growth of approximately 11% in Q2 FY25 compared to Q2 FY24.
What interim dividend did RR Kabel declare for the financial year 2024-25?
RR Kabel declared an interim dividend of Rs 2.50 per share (50%) for the financial year 2024-25.
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