RR Kabel is the fifth-largest player in the branded wires and cables market in India, representing approximately 7% market share by value as of FY23 (vs. 5% in FY15).
Shares of the recently listed RR Kabel hit their record high in intra-day deals on Tuesday after the company s net profit more than doubled in the September quarter of FY24 (Q2FY24).
The EBITDA in the quarter under review rose 92.7% to Rs 121.1 crore from Rs 62.8 crore in the same quarter last year. The margin was up to 7.5% in the June-September period as against 4.6% in the same quarter a year ago.