Key Points
Budget 2024: Rajesh Jain Chief Financial officer of R R Kabel Limited in talks with Mint said that Government continued focus on Infrastructure development and housing for all in the budget will drive growth for cable and wire industry..
The demand for cable and wires remains remains strong and apart from infrastructure and housing for all, the focus on renewable energy (Solar and wind) and also Electric vehicle push is favorable..
RR Kabel had reported strong 18.4% year on year revenue growth for wires and cables segment during first nine months of FY24 and 19.7% growth in the fast moving electric goods (FMEG) segment..
R R Kabel Ltd had reported revenues of Revenue from operations at Rs. 1,633.5 crores during the December quarter had grown 10% year on year and 1.5% sequentially..
However Jain said that the company is committed to achieving 140 bps margins improvement for the year as a whole during FY24. first nine months has seen Ebitda margins grow 173 basis points..
