| Metric | Value (₹ Cr) | vs Q3 FY25 |
|---|---|---|
| Revenue | 230.73 | 9.0% |
| Total Income | 235.51 | 9.6% |
| Expenditure | 222.43 | 11.5% |
| PBT | 15.08 | 2.4% |
| Net Profit | 12.61 | 9.7% |
| OPM | 10.86% | 12.22pp |
| NPM | 5.35% | 0.00pp |
| EPS | 0.45 | 7.1% |
Rushil Decor's FY25 Revenue from Operations at Rs. 8,979 Million, up 6.4% Y-o-Y; FY25 PAT at Rs. 479 Million, up 11.1% Y-o-Y
15 May 2025 · 15 May 2025, 12:36 pm
Summary
Rushil Decor Limited, a leading supplier of eco-friendly sustainable MDF Boards, Laminates and Plywood, has announced its Audited financial results for the quarter and year ended 31st March, 2025. The company's revenue from operations for Q4 FY25 stood at Rs. 2,307 Million, up 1.2% Q-o-Q and 6.4% Y-o-Y. The gross profit for the quarter was Rs. 1,011 Million, down 4.8% Q-o-Q but up 0.5% Y-o-Y. The PAT for the quarter was Rs. 126 Million, up 400% Q-o-Q and 9.7% Y-o-Y.
Key Highlights
- 1
FY25 Revenue from Operations at Rs. 8,979 Million, up 6.4% Y-o-Y
- 2
FY25 PAT at Rs. 479 Million, up 11.1% Y-o-Y
- 3
FY25 MDF Export Sales Volume increase by 32.4% Y-o-Y
- 4
Net Debt to Shareholder Equity at 0.41x
- 5
Consolidated Basic EPS of Q4 FY2025 is Rs. 0.45 and Diluted EPS is Rs. 0.42
- 6
Added 20 retail distributors
- 7
MDF Boards reported EBITDA of Rs. 181 million with an EBITDA margin of 10.7%
- 8
Laminates reported EBITDA of Rs. 45 million with an EBITDA margin of 8.5%
- 9
Commercial production at the Jumbo Laminates facility in Gandhinagar commenced in April, 2025 under Phase 1
- 10
Aiming to cross Rs. 11,000 million in consolidated revenues in FY2026
Management Comments
Mr. Rushil Thakkar
As FY2025 concludes, Rushil Decor has delivered a resilient performance despite a dynamic business environment. Consolidated revenue for FY2025 was INR 8,979 million, marking a 6.4% year-on-year growth, while Profit After Tax increased by 11.1% to INR 479 million. This performance reflects our disciplined strategy execution and operational efficiency. The MDF division continued to be a key growth driver, with revenue of INR 6,637 million, supported by a strong 42.8% year-on-year increase in export sales. Growing acceptance of our MDF products in international markets has further strengthened our global presence, leading to a 32.4% year-on-year increase in export volumes. Furthermore, our continued focus on value-added products remains central to our strategy for long-term margin improvement. The Laminates division also delivered a stable performance, recording revenue of Rs 1,989 million, driven by steady export demand. Commercial production at the Jumbo Laminates facility in Gandhinagar commenced in the month of April, 2025 under Phase 1, with an initial installed capacity of 1.2 million sheets per annum. We have already secured initial orders for exports accounting for 15% of this capacity, marking a promising start for the new facility. Furthermore, we are on track to commence the phase 2 production by the month of October this year. Despite the increase in industry MDF capacity from 2.3 million CBM to 3.5 to 4 million CBM over the past two years, we have maintained our market share, supported by strong brand recall and a customer-focused approach. Our distribution network continued to grow with the addition of new distributors and retailers throughout the year, further improving our market reach. We also closed FY2025 with a healthy net debt-to-equity ratio of 0.41x, reflecting our focus on maintaining a strong and stable financial position. As we look ahead to FY2026, we are aiming to cross Rs. 11,000 million in consolidated revenues. Additionally, we are committed to capitalizing on emerging opportunities across domestic and international markets, backed by focused execution, strategic capacity augmentation and customer-led innovation.
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