RR Kabel Ltd.'s profit increased in the fourth quarter of fiscal 2024.
The wire and cables-maker's net profit rose 20.6% year-on-year to Rs 78.72 crore in the quarter-ended March 2024, according to an exchange filing on Tuesday. This compares with the Rs 100-crore consensus estimate of analysts polled by Bloomberg.
RR Kabel Q4 FY24 Highlights (Consolidated, YoY)
Revenue up 15.7% to Rs 1,754 crore (Bloomberg estimate: Rs 1,782 crore).
Ebitda up 15.7% to Rs 115.2 crore (Bloomberg estimate: Rs 141 crore).
Margin flat at 6.56% (Bloomberg estimate: 7.9%).
Net profit up 20.6% to Rs 78.72 crore (Bloomberg estimate: Rs 100 crore).
Shares of RR Kabel closed 0.45% lower, as compared with a 0.39% decline in the Nifty 50.
(This is a developing story.)
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