Q2 FY27: record H1 growth, margin gains and UM Cables deal
RRKABEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 1.2 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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H1 FY27 revenue rose 53% to INR 6,452 crore, operating EBITDA rose 79% to INR 571 crore and net profit rose 87% to INR 386 crore. Management guides wires and cables margin to 9.5% in FY27 and 10.5% in FY28; FY27 volume guidance was trimmed to 15%. The pending UM Cables deal is INR 77 crore. Capex: INR 550-600 crore, plus INR 200 crore for Rajasthan land. Fans and appliances target FY27 breakeven. Interim dividend: INR 6.50 per share.
Strong results, margin gains and dividend support sentiment, but the lower volume guide and major spending raise cash-flow and debt risks.