Furniture-Furnishing company Responsive Industries announced Q3FY25 results Total Income stood at Rs 370.5 crore as against Rs 268.7 crore in Q3FY24; a growth of 37.9% YoY. EBITDA at Rs 75.0 crore as against Rs 67.9 crore in Q3FY24 with an EBITDA Margin of 20.2%. Profit after Tax stood at Rs 47.0 crore in Q3FY25 as against Rs 44.7 crore, growth of 5.0% YoY. Rishabh Agarwal, Non-Executive Director & Chairman, said: “I am proud to share with you that the Company reported yet another quarter of strong performance. Our strategic shift towards high-value-added products has significantly augmented our operational margins, maintaining them above the 20% mark, a notable increase from the previous 10-15% range. Despite facing headwinds of increased input costs year-over-year, our commitment to innovation and efficiency has allowed us to sustain our margins. Our recent product launches of Wood Plastic Composite (WPC) Flooring further solidify our position as a comprehensive provider in the flooring industry, complementing our existing popular offerings such as LVT Dryback, LVT Loose Lay, and SPC Rigid Core. Our company's success is rooted in our vertical integration model, which guarantees the high quality, efficiency, and cost-effectiveness of our products. With over 30 years of experience, Responsive Industries continues to lead as India's premier vinyl flooring manufacturer. We are dedicated to maintaining this legacy by consistently introducing new, state-of-the-art products that meet the evolving needs of our diverse customer base across residential, commercial, and industrial sectors. Looking forward, we are poised for continued growth, fueled by the rising consumption in India and our strong presence in the US market, supported by an extensive distributor network. Our focus remains on maximizing the utilization of our existing capacities to meet the surging domestic and international demand. We are confident in the road ahead and are fully prepared to capitalize on the promising opportunities, delivering unparalleled value to our partners and customers worldwide.” Result PDF
Furniture, Furnishing & Paints company Responsive Industries announced Q2FY25 & H1FY25 results Revenue: Revenue at Rs 349.5 crore in Q2FY25 as compared to Rs 268.3 crore reported in Q2FY24; a growth of 30.3% YoY; Revenue during H1FY25 stood at Rs 669.4 crore a growth of 25.9% YoY against Rs 531.5 crore reported in H1FY24. EBITDA: EBITDA stood at Rs 72.5 crore in Q2FY25 as against Rs 61.1 crore in Q2FY24 with an EBITDA Margin of 20.7% in Q2FY25; EBITDA for H1FY25 stood at Rs 143.8 crore as compared to Rs 109.6 crore in H1FY24, 31.1% YoY growth with an EBITDA margin of 21.5% in H1FY25. PAT: PAT stood at Rs 49.3 crore in Q2FY25 against Rs 40.7 crore, a growth of 21.2% YoY; During H1FY25 PAT was at Rs 97.7 crore reporting a growth of 38.2% YoY. Rishabh Agarwal, Non-Executive Director & Chairman, said: “The Q2 & H1FY25 strong operational performance reflectsthe resilience of our business model and the successful execution of our strategic initiatives, even as we navigated through the challenges posed by an extended monsoon and global macro headwinds. We are confident in our ability to continue delivering robust performance moving ahead. Our focus on operational efficiencies and cost management has allowed us to maintain healthy margins, and we are confident in our ability to sustain the same. Looking ahead, we are excited about the vast opportunities that lie before us and are committed to capitalizing on these prospects. We believe that our strategic investments, product innovation, and market expansion efforts will drive our growth and solidify our position as a leader in the industry. Our strong performance in Q2FY25 is a clear indicator of our potential, and we are enthusiastic about the future as we work to reap the benefits of the opportunities ahead.” Result PDF
Furniture-Furnishing-Paints company Responsive Industries announced Q1FY25 results: Financial Highlights: Consolidated Revenue at Rs 319.90 crore, Up 21.56% YoY Consolidated Net Profit Grew To Rs 48.38 crore, Up 61.27% YoY Consolidated EBITDA at Rs 73.28 crore, Up 43.74% YoY Business Highlights: Revenue: Responsive Industries continues to grow and the same is seen on the growth in revenue numbers. Consolidated Sales grew to Rs 319.90 crore (Up 21.56% YoY and 11.00% QoQ) on the back of strong export orders. Profitability: The company's pursue of margin accreditive products helped it maintained an EBITDA margin of 22.91%, reaching Rs 73.28 crore for the 1st Quarter. EBITDA for Q1 increased by 43.74% on YoY basis, helping the company cement its position as a strong market player. Net Profit: Responsive Industries had a Stellar Growth in the Net Profit to Rs 48.38 crore, an increased by 61.27% on YoY basis. This growth is clearly demonstrated by the faith of our customers, creation of new product segments and inroads into established markets. Customer Acquisition: Responsive has become the preferred supplier of flooring products to many customers worldwide and continues to acquire new ones based on the goodwill and quality of its products. Commenting on the business performance, Rishabh Agarwal, Non-Executive Director & Chairman, Responsive Industries said, “Congratulations to the entire team on our outstanding performance in the vinyl flooring industry! Our dedication to innovation, commitment to quality, and unwavering focus on customer service have truly set us apart in a competitive global market. It is impressive to see how the efforts have not only captured the attention of the world but also positioned us as a leader in the industry. Our customers have shown great faith in us and our products and the presence has continued to grow. The acceptance among the international audience is high. All of this will help us continue our journey towards growth on both the top and bottom line. As the demand for high-quality vinyl flooring continues to grow globally, our strong presence and ability to meet market needs will undoubtedly drive even greater success in the future. We will continue to do the exceptional work—our accomplishments are a testament to the strength and vision of our company. Here’s to continued growth and success in the years to come!", added Mr. Agarwal. Result PDF
Furniture-Furnishing-Paints company Responsive Industries announced Q4FY24 & FY24 results: Profitability: The company's EBITDA showed robust growth, reaching Rs 261.25 crore (107.36%) for the year ended March 31st, 2024 showcasing the company’s commitment and focus on margin accreditive products. EBITDA for Q4 increased by 70.36% on YoY basis to Rs 75.74 crore, this growth is clearly demonstrated by the faith of our customers, creation of new product segments and inroads into established markets. Net Profit: Responsive Industries continues its strong positioning by clocking a Net Profit of Rs 161.26 crore (an increase of 561.17%) for the FY24. Net Profit for Q4 has increased by 101.72% (Rs 45.87 crore vs. Rs 22.74 crore) on YoY basis. Earning Per Share: EPS for FY24 is at Rs 6.05 per share as against Rs 0.91 for FY23, an annualised growth of 564.84%. Customer Acquisition: Responsive has become the preferred supplier of flooring products to many customers worldwide and continues to acquire new ones based on the goodwill and quality of its products. New Market Expansion: Responsive Industries has been able to enter new markets globally and has established itself as a top source for materials. Commenting on the business performance, Rishabh Agarwal, Non-Executive Director & Chairman, Responsive Industries Limited said, "We are thrilled to announce another year of Robust Growth and Strong Financial Performance. Our consistent focus on Innovation, Quality, and Customer Satisfaction has driven us to new heights. As we move forward, we remain committed to expanding our market presence. We're seeing all our Business Verticals Firing on all Cylinders now. This Strong Revenue Growth across the board is a testament to our team's Dedication and our Strategic Focus on Diversification. We're excited to keep this Momentum Going and deliver even Greater Value to our Stakeholders. The company saw its SPC/LVP floor segment grow the fastest and helped capture market in the United States of America. Responsive now has a strong presence in a large number of stores across the USA. In the current Global Scenario, we are the Preferred Diversification Option for most customers across the world. The increased energy prices across Europe also helped company increase its presence. The Company is under final stages of negotiations with New Customers that should enable guide the strong growth over the Next Multiple Quarters. We hope to continue our status as a Zero-Debt company. As I have mentioned before, we are Exceptionally Proud of Responsive Industries’ performance in FY24. These financial results are a testament to the Dedication and Hard Work of our team. As we move forward, we Remain Committed to our Core Values of Innovation, Sustainability, and Exceptional Service to our customers. We are confident that Responsive Industries is Well-Positioned for Continued Success and Growth in the Future", added Mr. Agarwal. Result PDF