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.