Consolidated Revenue
Soars by 30% YoY to Rs. 350 Crores in Q2FY25; Profit
After Tax Surged
by 21% YoY to Rs. 49 Crores in Q2FY25
Mr.
Rishabh Agarwal, Non-Executive Director & Chairman,
Responsive Industries Ltd.
Mumbai, India,
22 October 2024:
|
H1FY25 Performance Highlights (Consolidated) |
||
|
+26% YoY Rs.
669 Cr |
+31% YoY Rs.
144 Cr |
+38% YoY Rs.
98 Cr |
Responsive
Industries Limited, a leading India-based manufacturer of Luxury Vinyl Plank (LVP), SPC Floors, Resilient
Sheet Vinyl, Synthetic Leather, Synthetic Ropes and Waterproofing Membrane, today
announced financial results for the quarter and half year ended 30th
September 2024.
Financial Highlights
(Consolidated):
|
Particulars (Rs Cr) |
Q2FY25 |
Q2FY24 |
YoY |
H1FY25 |
H1FY24 |
YoY |
|
Revenue |
349.5 |
268.3 |
30.3% |
669.4 |
531.5 |
25.9% |
|
EBITDA |
72.5 |
61.1 |
18.6% |
143.8 |
109.6 |
31.1% |
|
EBITDA Margin % |
20.7% |
22.8% |
|
21.5% |
20.6% |
|
|
PAT |
49.3 |
40.7 |
21.2% |
97.7 |
70.7 |
38.2% |
|
PAT Margin % |
14.1% |
15.2% |
|
14.6% |
13.3% |
|
·
Revenue: Revenue at Rs.
349.5 Cr in Q2FY25 as compared to Rs. 268.3 Cr reported in Q2FY24; a growth of 30.3% YoY; Revenue during
H1FY25 stood at Rs. 669.4 Cr a growth
of 25.9% YoY against
Rs.531.5 Cr reported in H1FY24
·
EBITDA: EBITDA stood at Rs.
72.5 Cr in Q2FY25 as against Rs. 61.1 Cr in Q2FY24 with an EBITDA Margin of 20.7% in Q2FY25;
EBITDA for H1FY25
stood at Rs. 143.8 Cr as compared
to Rs. 109.6 Cr in H1FY24, 31.1% YoY growth with an EBITDA margin
of 21.5% in H1FY25
·
PAT: PAT stood at Rs. 49.3 Cr in
Q2FY25 against Rs. 40.7 Cr, a growth
of 21.2% YoY; During H1FY25 PAT was at Rs. 97.7 Cr reporting a growth of 38.2% YoY
Commenting on the Financial Performance,
Mr. Rishabh Agarwal, Non-Executive Director & Chairman, said:
“The Q2 & H1 FY25 strong
operational performance reflects
the 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.”
About Responsive Industries Limited
Responsive
Industries is a well-established company with over 3 decades of experience in
manufacturing, marketing, and distributing a wide range of products, including
luxury vinyl planks, resilient vinyl sheet,
synthetic leather, synthetic
ropes, and waterproof membrane. They operate
within five product verticals, each catering to different industries. They are the largest vinyl flooring
player in India and have a US
subsidiary for distribution and customer service. The company's leadership is
in the hands of a second-generation entrepreneur with 15 years of experience in
the vinyl flooring business, holding a degree in Mechanical Engineering and
Business Administration. Their products, such as Luxury Vinyl Plank and
synthetic leather, find applications in various industries, including
residential and commercial spaces, healthcare, transportation, and more. This diverse product
portfolio and industry presence make Responsive Industries a significant
player in its field, with a strong focus on quality and innovation.
For more information, please contact:
Responsive Industries Limited Mohini
Purshottam Sharma cs@responsiveindustries.com
DISCLAIMER:
Certain statements in this document that are
not historical facts are forward-looking statements. Such forward-looking statements are subject
to certain risks and uncertainties like government actions, local, political, or economic
developments, industry risks, and many other factors that could cause actual
results to differ materially from those contemplated
by the relevant forward-looking statements. Responsive Industries will not be
responsible for any action taken based on such statements and undertakes no obligation to publicly update these
forward-looking statements to reflect subsequent events or circumstances.