| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 211.69 | 8.1% |
| Total Income | 214.92 | 7.2% |
| Expenditure | 199.47 | 7.7% |
| PBT | 15.45 | 0.3% |
| Net Profit | 11.49 | 0.9% |
| OPM | -1.36% | 0.93pp |
| NPM | 5.35% | 0.43pp |
| EPS | 0.42 | 0.0% |
Rushil Decor Reports Q3 FY2025 Revenue of Rs. 2,117 Million, Net Debt to Shareholder Equity Ratio at 0.44x, and EPS of Rs. 0.42
28 Jan 2025 · 28 Jan 2025, 11:59 pm
Summary
Rushil Decor Limited, a leading supplier of eco-friendly sustainable MDF Boards, Laminates and Plywood, has announced its unaudited financial results for the quarter ended 31st December 2024. The company reported a revenue from operations of Rs. 2,117 Million, a decrease in net debt to shareholder equity ratio to 0.44x, and a consolidated basic EPS of Rs. 0.42. The MDF division reported an EBITDA of Rs. 234 million with an EBITDA margin of 15.2%, and the laminates division reported an EBITDA of Rs. 38 million with an EBITDA margin of 7.7%. The company is strategically positioned to capture better realizations in global markets, and is expanding its Jumbo Laminates production facility in Gandhinagar, Gujarat.
Key Highlights
- 1
Revenue from Operations at Rs. 2,117 Million
- 2
Net Debt to Shareholder Equity at 0.44x
- 3
Consolidated Basic EPS of Q3 FY2025 is Rs. 0.42
- 4
MDF Export Sales Volume increase by 38.2% Y-o-Y
- 5
Laminates Export Sales Volume increase by 13.8% Y-o-Y
Management Comments
Mr. Rushil Thakkar
Managing Director
Rushil Decor delivered consolidated revenues of Rs. 6,672 million in 9M FY2025, reflecting a year-on-year growth of 9.3%, and PAT of Rs. 353 million, representing a 3.4% increase. Our MDF division contributed Rs. 4,949 million in revenue, an 8.9% year-on-year growth. The AP MDF plant is operating at 91%, resulting in 89% capacity utilization for the MDF division, highlighting our operational efficiency and ability to meet increasing demand. Exports have been a significant driver of performance across both MDF and Laminates. MDF export volumes grew by 30.7% year-on-year, with price realizations improving by 6.5%. Following the completion of export obligations in MDF, we are now strategically positioned to capture better realizations in global markets, enhancing future profitability. Laminates, export volumes rose by 13.6% year-on-year, reflecting consistent demand in international markets. We are actively exploring new export markets while enhancing our presence in existing regions. Strategic participation in global exhibitions and targeted customer engagements have laid the foundation for expanding our geographic footprint and revenue base. Our Jumbo Laminates expansion project in Gandhinagar is progressing as scheduled, with operations expected to commence by the end of Q4 FY2025. This facility, with an annual production capacity of 2.8 million sheets, is designed to address the growing demand in export markets, particularly in the USA, Europe and Australia.
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