Key Financial Figures (Consolidated)

Profit & Loss Statement (INR Crores)

| Metric | Q1 FY27 | Q1 FY26 | Y-o-Y Change | Q4 FY26 | FY26 |

| Revenue from Operations | 1,853.3 | 982.5 | +88.6% | 1,752.9 | 5,176.6 |

| Gross Profit | 164.8 | 96.3 | +71.2% | 168.5 | 522.4 |

| Gross Profit % | 8.9% | 9.8% | | 9.6% | 10.1% |

| Operating EBITDA | 89.6 | 42.9 | +109.0% | 93.2 | 263.6 |

| EBITDA % | 4.8% | 4.4% | | 5.3% | 5.1% |

| Profit Before Tax (PBT) | 46.1 | 22.4 | +105.8% | 57.4 | 153.0 |

| PBT % | 2.5% | 2.3% | | 3.3% | 3.0% |

| Profit for the period (PAT) | 35.2 | 15.9 | +120.8% | 39.2 | 108.6 |

| PAT % | 1.9% | 1.6% | | 2.2% | 2.1% |

Historical Financial Performance (INR Crores)

Profit & Loss Statement

| Metric | FY26 | FY25 | FY24 | FY23 |

| Revenue from Operations | 5,176.6 | 3,676.7 | 2,983.3 | 2,649.6 |

| Gross Profit | 522.4 | 335.9 | 270.1 | 245.8 |

| EBITDA | 263.6 | 156.3 | 119.0 | 108.7 |

| Profit Before Tax | 153.0 | 97.2 | 74.6 | 64.4 |

| Profit for the period | 108.6 | 70.2 | 54.6 | 47.0 |

Balance Sheet Highlights (as of Mar-26)

  • Total Equity: ₹584.9 Cr (Mar-25: ₹487.7 Cr)
  • Total Borrowings: ₹654.1 Cr (Non-current: ₹265.3 Cr; Current: ₹388.8 Cr)
  • Total Assets: ₹1,993.5 Cr (Mar-25: ₹1,300.4 Cr)
  • Inventories: ₹486.1 Cr
  • Trade Receivables: ₹640.6 Cr

Business Overview and Strategy

The company describes itself as having evolved 'From a Modest Electrical Trading Shop to India's Leading Winding Wire Manufacturer'.

Expansion into Copper Tubes Portfolio

A significant strategic focus is on strengthening its copper tubes business, targeting import substitution. The company highlights India's ~70% import dependency on copper tubes as a major opportunity.

  • Products: Level Wound Coils (LWC), Inner Grooved Tubes (IGT), Pancake Coils, Straight Copper Tubes, VRV/VRF Application Tubes, PVC-Coated Copper Tubes, Capillary Tubes, Medical Grade Copper Tubes, Jumbo Coils, Low Finned Copper Tubes.
  • Manufacturing Facility: Bhiwadi, Rajasthan, described as one of India's largest for copper tubes.
  • Installed Capacity: 36,000 MTPA.
  • Technology: Advanced Cast & Roll technology, including IGT manufacturing setup. World-class testing infrastructure from USA and German providers.
  • Distribution: Presence across 200+ cities.

Joint Ventures and Subsidiaries

  • EPAVO ELECTRICALS PVT. LTD: A 50:50 Joint Venture established in 2020 with Epack Durable Ltd. Focuses on manufacturing BLDC Motors and PMSM Motors for applications including Ceiling Fans, HVLS Fans, Electric Mobility, Ventilation, and Industrial Equipment.
  • TEFABO PRODUCT PVT. LTD.: Acquired a 64% stake in this company, established in 2018. It engages in precision fabrication for Wind Turbine Components, Industrial Tanks, Machine Parts, and Engineering Equipment.
  • Manufacturing Footprint: Bengaluru, Karnataka (~40 towers/month capacity) and Vadodara, Gujarat (undergoing phased expansion from ~40 to ~80 towers/month).
  • Market Opportunity: The global wind turbine tower market is projected to reach USD 48-50 Bn by 2030 (from USD 31-32 Bn in 2025). The India market is projected at USD 2.4-2.5 Bn by 2030.

Key Growth Drivers

The presentation identifies several market tailwinds:

  • Indian Magnet Winding Wire Market: Estimated at ~USD 4.22 Bn in CY23, projected to reach ~USD 5.25 Bn by CY28 at a 4.5% CAGR.
  • Government Initiatives: PLI and Make in India accelerating localization.
  • EV Adoption: Supporting demand for specialized winding solutions for electric motors, charging systems, and sensors.
  • Transformers: India's Power Transformers Market valued at USD 3.25 Bn in 2026, expected to reach USD 4.82 Bn by 2031 (CAGR 8.22%), driven by a 500 GW non-fossil fuel capacity target by 2030 and Rs. 4.75 trillion in power transmission investments by 2027.
  • Electric Motors: India's market set to grow at a CAGR of 9.4% from 2026 to 2034.
  • Smart Meters: India is on track to become the largest market for smart electricity meters by 2030.

Management Team

The presentation lists key management personnel:

  • Shri Satish Kumar Agarwal, Strategic Advisor (CA, 30+ years with group)
  • Shri Iqbal Singh Saggu, Senior Vice President- Finance & CFO (CA, 23+ years exp.)
  • Shri Rajeev Maheshwari, Senior Vice President – Accounts & Taxation (CA)
  • Shri Saurabh Gupta, Asst. General Manager – Company Secretary (CA & CS)
  • Shri Vijay Chandak, Senior Vice President (Development) (B.E. Metallurgy)
  • Shri Nimesh Kapoor, Senior Vice President (Marketing)
  • Shri Sudhir Kasat, Vice President (Sales & Marketing)
  • Smt. Usha Vaghela, Vice President (Copper Tube Division Vadodara)
  • Shri Raj Narayan Singh, General Manager (Works)
  • Shri Amrut Kajrekar, General Manager (Tech Cell)

The Board of Directors includes Chairman Emeritus (Padma Shri Awardee 2018) and Independent Directors: Shri Ramesh Chandak, Shri Ashok Kumar Goel, Smt. Payal Agarwal, Shri Ankit Kedia, and Shri Sanjay Agarwal.

Investor Relations Contact

  • Company Contact: Mr. Saurabh Gupta, AGM - Company Secretary. Email: investorrelations.rrwl@rrglobal.com
  • IR Agency: MUFG Intime India Private Limited. Contacts: Ms. Prachi Ambre and Mr. Irfan Raeen.