India's R R Kabel jumps to 18-month high after quarterly profit rise

R R Kabel

04/05/2026 07:02

** 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)

 ((abhirami.g@thomsonreuters.com))