R R Kabel

“Our objective remains to achieve full year breakeven at segment profit level in FY '27.”

“So we could not achieve profitability in this quarter, but we are working as per our plan only, and we will achieve breakeven at yearly level by FY '27 levels.”

“We are expecting H2 at much higher levels with improvement in profitability, and that is the reason when we say that on yearly basis, we will achieve breakeven at EBIT level in spite of the cumulative losses of around INR 17 crores.”

“Major, maybe few part in this year and some part maybe in first half of next year.”

“As earlier we said that after maybe one or two quarters, we will come up with detailed capex plan. But of course, it will be towards our capex in wire and cable growth original plan only. So, it will enhance our capacities in that product range.”

“No, it is apart from that. Rajasthan, that land is new capex than what we have now.”

“That is like we are taking on lease, so there will be not huge capex there.”

“That will also be separate part of it.”

“In Roorkee, we are shifting our plant, but we have a plan in such a way that there will be no disturbance. But we will increase our capacity in FMEG also.”

“Segment profit grew by 78% to around INR 568 crores, with segment margin expanding to 9.6% from 8.4% last year.”

“The segment reported a loss of approximately INR 12 crores in Q2, similar to the corresponding quarter last year.”

“Though we achieved the breakeven in Q1 itself, but Q2 is always, since we have some seasonal effect also, and Q2 is always a little bit like demand is muted.”

“This ratio is slightly changing in favor of cable now. At the same time, since we have presence in so many continents, and we have seen equal growth in all continents, like specifically in Europe and Middle East, which are the biggest contributor in my export pie.”

“If you see my overall revenue breakup in FMEG, we are fan-heavy company in FMEG segment side, and since this fan is low season period for this Q2, the other segments like light and appliances contributed more”

“Overall wire and cable volumes grew by high single -digit in Q2, and for H1, the volume growth stands at low teens.”

“Our overall volume growth was in high single -digits, where wire outpacing cables. If we further see, our wires were growing in double digits, while cables, we have seen a single digit growth.”

“No, we are quite confident to achieve our growth plans and since we are putting more capex towards enhancing our capacities and we see good growth in domestic as well as export market.”

“But overall, I don't find any fundamental change in industry growth or our growth plans. So I haven't seen any specific factor which is decreasing growth for this industry.”

“Not declined. I will not say declined, but yes, growth was less when I compare with wires growth.”

“Operating EBITDA stood at approximately INR 286 crores, compared with INR 176 crores last year, a growth of 63%. The EBITDA margins improved to 8.7% from 8.1% in the corresponding quarter, an expansion of approximately 60 basis points.”

“EBITDA margins expanded by around 130 basis points to 8.9% from 7.6%.”

“One is, of course, product mix is there. Secondly, since we are working on very high raw material base prices, there will be some impact.”

“No. Nothing like one-off kind of thing, but it is like normal course of business, where we have mix of variable and fixed cost.”

“Our net working capital cycle improved to 46 days as of September '26, from 49 days in March and 50 days in June.”

“But still, if you see majority of our purchases in metal, now we are doing on LC-backed trade facility. So you have seen higher levels of our payables.”

“Yes, it is like if I see overall amount of LC back there is INR 1,290 crores or something like that.”

“With such a high raw material prices, interest cost seems to a normal way of business.”

“It is quite a normal course of business because if you see my number of days have improved from 34 days to 32 days.”

“On 25th September 2026, we entered into new business transfer agreement with UM Cables Limited, a wholly owned subsidiary of Usha Martin Limited.”

“The agreed consideration is approximately INR 77 crores, subject to post-closing adjustments.”

“But it will be too early to have some detailed plan regarding next three, four years. But I think by next quarter we will come with detailed plan.”

“And since this plant was having very low capacity utilization, so we will improve our capacity utilization and improve revenue as immediate effect also.”

“So, I will not suggest to consider any bigger revenue or any bigger pie in my overall revenue, at least for this year. And for next year, of course, we will come with detailed guidelines, maybe next quarter.”

“I am also pleased to share that our board has declared an interim dividend of INR 6.50 per equity share.”

“I always believe competition was always there, and it will remain always because competition is part of business, though there may be players may change or their competition intensity can be changed”

“We remain attentive to commodity price movements and their impact on both realization and margins.”

“but it is part of business and we have our own growth plans, and we will keep growing as per our planning by doing efficient utilizations of our plant and as well as improving on our sales and marketing strategy.”

“For H1 FY '27, our consolidated revenue grew by 53% year-on-year. Operating EBITDA grew by 79%, and PAT increased by 87%.”

“Revenue from operations stood at INR 3,284 crores, compared with INR 2,164 crores in Q2 FY '26, representing year-on-year growth of 52%.”

“Profit before tax stood at approximately INR 242 crores, up 56% year-on-year. Profit after tax was approximately INR 181 crores, compared with INR 116 crores last year, a growth of 55%.”

“So this is, again, also normal process, where we keep getting or adding new approvals of three to four international approvals each year. Right now, also we are in process to getting few approvals, and it is again looking to new markets, new product category.”

“Profit after tax increased to approximately INR386 crores compared with INR 206 crores last year, a growth of 87%.”