RRKABEL

** Shares of Indian consumer electrical company R R Kabel RRKA.NS rise as much as 9.3% to 1,717 rupees, their highest point since October 2024

** Company on Thursday reported fourth-quarter profit up 30% y/y, revenue up 33.7%

** JM Financial ("buy"; PT 2050 rupees) observes stronger-than-expected performance in cables and wires business; expects normalization of working capital in FY27, increased revenues from capex expansion of 12 billion rupees ($126.48 million)

** Centrum ("buy"; PT 2000 rupees) notes that pressure of volatile input costs, currency depreciation and higher costs in quarter offset by timely pricing action and effective execution; expects near-term export business to be hit due to Iran war effects

** Stock up 16.1%, YTD

($1 = 94.8737 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

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April 30 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD- FINAL DIVIDEND OF 5.5 RUPEES PER SHARE

• R R KABEL Q4 CONSOL PROFIT 1.68 BILLION RUPEES

• R R KABEL Q4 CONSOL REVENUE FROM OPERATIONS 29.64 BILLION RUPEES

Further company coverage: RRKA.NS

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April 13 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD - EXPANDS FMEG PORTFOLIO WITH NEW KITCHEN APPLIANCES AND AIR COOLERS

Source text: ID:nNSEbMSQG0

Further company coverage: RRKA.NS

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April 10 (Reuters) - R R Kabel Ltd RRKA.NS:

• VEEFIN SOLUTIONS LTD - PSB XCHANGE ONBOARDS RR KABEL FOR DEALER FINANCING PROGRAM

Source text: ID:nBSE6tZqLS

Further company coverage: RRKA.NS

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March 30 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD - GETS INCOME-TAX DEMAND FOR AY 2022-23 WORTH 90.1 MILLION RUPEES INCLUDING 8.9 MILLION RUPEES INTEREST

Source text: ID:nBSE9gl53G

Further company coverage: RRKA.NS

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March 18 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD - GETS TAX ORDER FOR DEMAND 126.8 MILLION RUPEES

Source text: ID:nBSEb0ls3p

Further company coverage: RRKA.NS

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Updates with details from the interview in paragraphs 2, 4 onwards

By Hritam Mukherjee and Ananta Agarwal

Aug 1 (Reuters) - India's top wire exporter R R Kabel RRKA.NS will ramp up shipments to key markets, including Europe and the Middle East, to cushion the impact of a 25% U.S. tariff on Indian goods, a senior executive told Reuters on Friday.

"I will not take any extra hit on my profit and loss (statement) just to make supply to the U.S.," finance chief Rajesh Jain said in an interview, adding that he will pass on any price increases to his customers.

Jain reaffirmed the firm's 2026 fiscal year volume growth forecast of 16%-18%, saying R R Kabel plans to hedge against U.S. risks by redirecting products to other key markets.

While the United States contributes just 2.5% to R R Kabel's revenue, it accounts for around 10% of its export income. Europe and the Middle East, in comparison, contribute approximately 40% and 35% of overseas revenue, respectively.

"Sometimes when you are dealing in so many markets, so many products, there you can compensate if there is any negative movement in any of the geographies," he added.

Jain said his U.S. clients are in "wait and watch" mode amid tariff uncertainties, but added that existing orders have not been cancelled yet.

Trump on Wednesday said that Indian exports to the U.S. will face a 25% tariff from August 1 as well as an undisclosed penalty.

R R Kabel is among the first few Indian companies to react to the tariffs. On Thursday, Tata Steel's TISC.NS chief executive told Bloomberg News that the company is also exploring alternative markets.

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru; Editing by Sonia Cheema)

(([email protected]; X: @MukherjeeHritam;))

July 31 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL Q1 CONSOL PROFIT 897.7 MILLION RUPEES

• R R KABEL Q1 CONSOL REVENUE FROM OPERATIONS 20.59 BILLION RUPEES

Source text: [ID:]

Further company coverage: RRKA.NS

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** Brokerage Motilal Oswal expects incremental supply from India's cables and wires makers to be absorbed by strong demand growth

** Indian companies well-placed in low-medium voltage cable and medium voltage cables amid global transmission and distribution investments - note

** Brokerage says Polycab India POLC.NS better-positioned on strong market leadership and higher margins than peers

** Motilal Oswal's rating for POLC at 'buy'

** Has 'neutral' on Havells India HVEL.NS, KEI Industries KEIN.NS, and R R Kabel RRKA.NS

** YTD, POLC down ~17%, KEIN down ~18%, HVEL down ~8%, and RRKA down ~5%

(Reporting by Vijay Malkar)

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By Hritam Mukherjee and Ananta Agarwal

May 5 (Reuters) - Indian wire and cables maker R R Kabel's RRKA.NS expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday.

In fiscal 2026, R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals.

Higher levies on China make India's exports more competitive.

"I was having only one customer till last year, now I am already in talks with four or five big customers... There may be challenges for China, but not for us," Jain said.

The company's volumes grew 7% in fiscal 2025, below the company's own targets of 15%, due to a slowdown in construction spurred by Indian elections and disruptions in export markets caused by Red Sea tensions.

Jain noted that President Trump's fluctuating tariffs, which have unsettled global markets and threatened trade stability, have been beneficial for the company.

The U.S. has imposed a baseline 10% tariff on all exports, with additional reciprocal levies including a 26% rate on India, which are set to kick in July 8. In contrast, China faces a 145% tariff rate as both nations seek a trade agreement.

The U.S. is R R Kabel's fourth largest market by revenue and makes up about 10% of R R Kabel's export revenue. Overall exports make up 26% of sales for the company, a significantly higher proportion compared to larger domestic competitors Havells HVEL.NS and Polycab POLC.NS.

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru; Editing by Tasim Zahid)

(([email protected]; X: @MukherjeeHritam;))

May 2 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD - BOARD RECOMMENDS FINAL DIVIDEND OF 3.50 RUPEES PER SHARE

• R R KABEL Q4 CONSOL PROFIT 1.29 BILLION RUPEES

• R R KABEL Q4 CONSOL REVENUE FROM OPERATIONS 22.18 BILLION RUPEES

Source text: ID:nNSE473q0h

Further company coverage: RRKA.NS

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** Cables and wires makers Polycab India POLC.NS, KEI Industries KEIN.NS plunge ~7% and ~9%, respectively

** Havells India HVEL.NS, Finolex Cables FNXC.NS fall 4% and ~3%

** Adani Enterprises ADEL.NS says its unit incorporated a JV with cables company Praneetha Ventures

** ADEL's unit will hold 50% of the share capital in the JV

** POLC, KEIN, HVEL and FNXC lost 12%, 21%, 3% and 5% respectively, since UltraTech Cement ULTC.NS announced it will enter the segment

** POLC, KEIN, HVEL, FNXC rated "buy" on average, per data compiled by LSEG

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates levels, adds RR Kabel

** Indian cables and wires makers Polycab India POLC.NS, KEI Industries KEIN.NS plunge ~19% and ~21%, respectively, hitting lowest levels in nearly 11 months

** Havells India HVEL.NS slides 6% to lowest level in a year

** R R Kabel RRKA.NS falls ~20% to record low; shares debuted in September 2023

** UltraTech Cement ULTC.NS said it will spend 18 bln rupees ($206.3 mln) to start wires and cables business; ULTC down ~5%

** Analysts at J.P. Morgan see ULTC's move as disruptive for the wires and cables industry as it can lead to increased competition

** HSBC says ULTC's foray into the sector will likely have a material impact on industry leaders' growth and margins beyond FY27

** HSBC cuts price targets on POLC, HVEL, KEIN and RRKA by 20%, ~7%, 23%, 21%

** POLC, HVEL, KEIN, RRKA rated "buy" on average - data compiled by LSEG

** Year-to-date, POLC, HVEL down ~21% and ~8%

** KEIN, RRKA have declined 14% and 23%, YTD

($1 = 87.2530 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's KEI Industries KEIN.NS climb 3% to 3,840 rupees, set for third straight session of gains

** Brokerage Morgan Stanley starts coverage on cables and wires maker with "Overweight" rating and PT of 4,391 rupees

** KEIN to benefit from its well-diversified channel mix in cables business revenue vs peers Polycab POLC.NS and R R Kabel RRKA.NS, with a balanced presence in retail, institutional, and exports, brokerage says

** Adds, KEIN to also benefit from rising share in exports, from 11% so far in FY25 to 15-17% in next 2-3 years

** Favourable government policies like boosting local manufacturing and minimising imports will benefit KEIN - Morgan Stanley

** Analysts' average rating on KEIN, POLC at "Buy"- LSEG data

** YTD, KEIN has fallen 13.4%, while POLC is down 21%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Jan 28 (Reuters) - R R Kabel Ltd RRKA.NS:

• Q3 CONSOL PROFIT 685.7 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 17.82 BILLION RUPEES

Source text: [ID:]

Further company coverage: RRKA.NS

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** Shares of India's RR Kabel RRKA.NS drop 3% to 1,550 rupees, extend declines to seventh straight session

** Stock set to log worst week since its late-2023 listing, if losses hold

** Co, which makes cables and wires, reported a drop in Q2 profit on higher material costs

** RRKA, on an avg, rated "buy", median TP 2,035 rupees - LSEG data

** YTD stock has shed ~2%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Oct 24 (Reuters) - R R Kabel Ltd RRKA.NS:

• SEPT-QUARTER CONSOL PROFIT 495.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 18.1 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: RRKA.NS

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** KEI Industries KEIN.NS drops 5.8% to 4,417.60 rupees; set to snap 6-session winning run

** Wires and cables maker on track for worst day in about 3 months

** KEIN's Q2 profit rises, but EBITDA margins contract

** Motilal Oswal says margin contraction due to sharp fall in rev from highly profitable extra-high voltage cables business

** Q2 EBITDA margin dips to 10.42% vs year-ago 10.88%

** Stock biggest pct loser on Nifty 500 .NIFTY500 index, which is up 0.4%

** Stock rated "buy" on avg, same as smaller peer RR Kabel RRKA.NS - LSEG

** YTD, KEIN trims gains to ~36% but outperforms NIFTY500's 22.2% rise

(Reporting by Nandan Mandayam in Bengaluru)

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July 30 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL Q1 CONSOL PROFIT 643.8 MILLION RUPEES

• R R KABEL Q1 CONSOL REVENUE FROM OPERATIONS 18.08 BILLION RUPEES

Source text for Eikon: ID:nBSE8N7f42

Further company coverage: RRKA.NS

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May 28 (Reuters) - R R Kabel Ltd RRKA.NS:

• DIVIDEND 3 RUPEES PER SHARE

• Q4 CONSOL PROFIT 787.2 MILLION RUPEES VERSUS 652.9 MILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 17.54 BILLION RUPEES VERSUS 15.17 BILLION RUPEES

• RE-APPOINTS SHREEGOPAL RAMESHWARLAL KABRA AS MD

• RE-APPOINTS MAHENDRAKUMAR RAMESHWARLAL KABRA AS JOINT MD

Source text for Eikon: ID:nNSE96M4WR

Further company coverage: RRKA.NS

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April 22 (Reuters) - R R Kabel Ltd RRKA.NS:

• APPROVED TERMINATION OF EMPLOYMENT OF DINESH AGGARWAL AS CHIEF EXECUTIVE OFFICER

• ROLES, RESPONSIBILITIES OF CEO WILL BE TAKEN OVER BY SHREEGOPAL RAMESHWARLAL KABRA, MD

Source text for Eikon: ID:nNSE7VKF8z

Further company coverage: RRKA.NS

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** Wire maker R R Kabel's RRKA.NS shares end marginally higher; Citi starts coverage with "buy" rating and PT of 1,728 rupees

** Stock rose as much as 2.3% earlier in the session

** RRKA's countrywide and export distribution systems well placed for growth in revenue - brokerage

** Brokerage sees company as well positioned in strong domestic real estate market on the back of brand, products and existing market share

** Analysts covering R R Kabel's shares have "buy" or higher rating - LSEG

** Analysts have "buy" rating for peers Polycab POLC.NS and Havells HVEL.NS

** R R Kabel's shares down ~9% so far in March quarter, POLC stock has lost ~14%, while HVEL down ~7%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364))

By Hritam Mukherjee

BENGALURU, Jan 30 (Reuters) - As much as half of Indian wires and cables maker R R Kabel's RRKA.NS exports are being delayed due to the Red Sea crisis but it is passing on higher freight costs to customers via price hikes, the company's finance chief told Reuters on Tuesday.

Attacks by Yemen's Houthi militia on merchant ships in the Red Sea and retaliatory U.S. strikes have ratcheted up tensions in the Middle East as the Gaza war rages on, forcing companies to reroute shipments as they face delays and jacked-up rates.

"We have no option but to reroute supplies. The cycle will be delayed and we don't know how much time it would take to normalise," Chief Financial Officer Rajesh Jain said, estimating about 40%-50% of the company's exports were affected.

R R Kabel, which got 27% of its revenue for April-December from exports, is re-routing shipments to key export geographies, adding 10-15 days in travel time, Jain said, to the typical travel time of 25-30 days to Europe and the United States.

The comments sparked a 3% drop in the company's share price.

"Cargo costs have increased significantly, but since I am able to pass on this price to my customer, it will not have an impact on my bottom line," Jain said, adding there was no price sensitivity from buyers.

R R Kabel's rival Polycab POLC.NS, which gets about 8% of its revenue from exports, has also flagged increased delivery timelines, although Havells India HVEL.NS, with 3% of revenue from exports last fiscal year, has seen no impact.

Jain's comments come a day after R R Kabel posted a drop in quarterly profit, mainly due to higher copper prices. It did not flag any impact from the Red Sea crisis on its revenue, which rose 10% to 16.34 billion rupees ($197 million) in the quarter.

($1 = 83.0973 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza)

(([email protected]; X: @MukherjeeHritam;))

Jan 29 (Reuters) - R R Kabel Ltd RRKA.NS:

• R R KABEL LTD DEC-QUARTER CONSOL PROFIT 709.6 MILLION RUPEES VERSUS 714.3 MILLION RUPEES

• R R KABEL LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 16.34 BILLION RUPEES VERSUS 14.80 BILLION RUPEES

Source text for Eikon: ID:nBSEc5WPwP

Further company coverage: RRKA.NS

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** India's representation in the MSCI global standard index could cross 20% by mid-2024 from 17.1% currently - Nuvama

** Jindal Stainless JIST.NS, Punjab National Bank PNBK.NS, BHEL BHEL.NS and NMDC NMDC.NS among inclusion candidates for global standard index - brokerage

** JIST, PNBK, BHEL and NMDC likely to receive inflows of $149 mln, $144 mln, $137 mln and $132 mln, respectively, Nuvama adds

** The stocks are trading flat currently

** IREDA INAR.NS, Cello World CELO.NS, Honasa Consumer HONA.NS and SignatureGlobal SIGT.NS among inclusion candidates for smallcap index with expected inflows of $11 mln, $7 mln, $6 mln and $4 mln respectively

** Shares of CELO and HONA up ~1%, SIGT up 3%, while IREDA little changed in early trade

** GMR Airports Infrastructure GMRI.NS and Prestige Estates PREG.NS could be excluded from the global standard index, resulting in outflows of $26 mln and $1.8 mln respectively - Nuvama

(Reporting by Kashish Tandon in Bengaluru)

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Dec 4 (Reuters) - R R Kabel Ltd RRKA.NS:

• INCOME TAX DEPARTMENT OFFICIALS CONCLUDED SEARCH OPERATIONS AT OFFICES AND MANUFACTURING UNITS OF CO

Source text for Eikon: ID:nBSE8fZkjb

Further company coverage: RRKA.NS

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** Shares of R R Kabel RRKA.NS fall as much as 5.5% to 1554.6 rupees, their lowest level since Nov. 8

** Stock last down 2%, sees sixth straight day of losses, having lost 10% during the course

** India's tax department conducts search on some of the consumer electrical company's premises

** Avg recommendation of 5 analysts covering co is "BUY;" their median PT is 1,750 rupees - LSEG data

** Stock, which went public in September, is up 37% so far from its listing price

(Reporting by Aleef Jahan in Bengaluru)

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Nov 29 (Reuters) - R R Kabel Ltd RRKA.NS:

• INCOME TAX DEPARTMENT IS CONDUCTING SEARCH AT SOME OF OFFICES, MANUFACTURING UNITS OF CO

• BUSINESS OPERATIONS OF CO CONTINUE AS USUAL, HAVE NOT BEEN IMPACTED DUE TO SEARCH

Source text for Eikon: ID:nNSE2GDv20

Further company coverage: RRKA.NS

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BENGALURU, Nov 6 (Reuters) - India's RR Kabel RRKA.NS profit more than doubled in its first quarterly report since going public, benefiting from a sustained demand for its wires and cables from the housing and construction industry.

The company's consolidated profit increased to 741 million rupees ($8.91 million) in the July-September quarter, compared with 350.1 million rupees a year earlier, according to its statement on Monday.

"The company's strong sales growth has been underpinned by the thriving real estate sector, robust infrastructure development and a flourishing export market," Managing Director Shreegopal Kabra said in a statement.

According to analysts, the country's infrastructure demand swelled in the quarter with sustaining momentum of government spending, aiding profits at companies that supply products and appliances for housing and construction.

RR Kabel's consolidated revenue from operations rose almost 20% to 16.10 billion rupees, offsetting a nearly 15% climb in total expenses, led by a spike in raw material costs.

Revenue from the wires and cables business, which contributed to 90% of the company's total revenue, grew around 20% to 14.50 billion rupees.

RR Kabel competes with Havells India HVEL.NS and Polycab India POLC.NS, which also reported a surge in their quarterly profits.

Shares of RR Kabel, which went public on Sept. 20, have gained about 17% since then.

($1 = 83.2071 Indian rupees)

(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Editing by Shilpi Majumdar)

(([email protected]; X: @MukherjeeHritam;))

Adds details on IPO in paragraphs 4 and 6, analyst comment in paragraph 5

By Rama Venkat

BENGALURU, Oct 26 (Reuters) - Shares of IRM Energy IRME.NS fell as much as 10.9% in trading debut on Thursday, valuing the Indian natural gas distributor at 18.48 billion rupees ($222.03 million) in a weak market.

The stock fell to a low of 450 rupees in early trade after opening at 477.25 rupees. Its initial public offer (IPO) price was at 505 rupees.

The benchmark Nifty 50 .NSEI was down 1.3%, while the more domestically-focused mid-cap .NIFMDCP100 and small-cap .NIFSMCP100 stocks declined more than 2% each. .BO

Investors bid for about 206.3 million IRM Energy shares by the final day of subscription, 27.05 times more than the 7.6 million shares on offer, exchange data showed.

"The IPO was well-received by investors and oversubscribed. However, the current market condition could be a reason behind a poor listing," said Shivani Nyati, head of wealth at Swastika Investmart.

The company, with a diversified customer portfolio and distribution network, is well-positioned to benefit from the growing demand for natural gas in India, Nyati added.

The IPO of IRM Energy, a group company of Cadila Pharmaceuticals, comprised of fresh issue of 10.8 million shares worth 5.44 billion rupees, according to the prospectus.

The company plans to use about 3 billion rupees of proceeds from the IPO to fund the development of the gas distribution network in Namakkal and Tiruchirappalli in the southern state of Tamil Nadu.

The Ahmedabad-based company builds, operates and expands the gas distribution network for industrial, domestic and automobile customers.

HDFC Bank and BOB Capital Markets were book-running lead managers for the IPO.

So far this year, 173 Indian companies have gone public, raising $4.46 billion, compared with 115 companies that raised $6.06 billion in the same period last year, according to LSEG data.

($1 = 83.2325 Indian rupees)

(Reporting by Rama Venkat in Bengaluru;Editing by Nivedita Bhattacharjee and Eileen Soreng)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))