BENGALURU, Nov 6 (Reuters) – India’s RR Kabel (RRKA.NS) revenue greater than doubled in its first quarterly report since going public, benefiting from a sustained demand for its wires and cables from the housing and development trade.

The firm’s consolidated revenue elevated to 741 million rupees ($8.91 million) within the July-September quarter, in contrast with 350.1 million rupees a 12 months earlier, based on its assertion 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 stated in an announcement.

According to analysts, the nation’s infrastructure demand swelled within the quarter with sustaining momentum of presidency spending, aiding earnings at firms that provide merchandise and home equipment for housing and development.

RR Kabel’s consolidated income from operations rose virtually 20% to 16.10 billion rupees, offsetting a virtually 15% climb in whole bills, led by a spike in uncooked materials prices.

Revenue from the wires and cables enterprise, which contributed to 90% of the corporate’s whole income, grew round 20% to 14.50 billion rupees.

RR Kabel competes with Havells India (HVEL.NS) and Polycab India (POLC.NS), which additionally reported a surge of their quarterly earnings.

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

($1 = 83.2071 Indian rupees)

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