StockWatch
·

RESPONSIVE INDUSTRIES LTD.

BSE: 505509

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
149.31
+14.6%-0.7%
Expenditure
145.88
+14.6%+2.1%
Net Profit
2.54
+32.7%-55.3%
OPM %
12.83%
-3.86pp-3.75pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0042.8385.67128.50171.34Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Responsive Industries Q1 FY27: consolidated PAT sinks 94% YoY as trading volumes collapse

pvc products · vinyl flooring · margin compression

ResultsQ1 FY2714 Aug 20263 minConsumer & Retail

Can margins find a floor? Responsive Industries Q1 FY27 test

margins · tariffs · FII exodus

Result previewQ1 FY2711 Aug 20263 minConsumer & Retail
Latest
Board Meeting14 Aug, 4:09 pm

Responsive Industries Q1 FY27: consolidated PAT sinks 94% YoY as trading volumes collapse

Responsive Industries' Q1 FY27 consolidated print was a sharp miss against both our pre-result preview and its recent run-rate: revenue of ₹192.87 Cr came in well below the ₹340-360 Cr the preview had flagged, and net profit of ₹2.74 Cr missed the ₹15-20 Cr floor by a wide margin. Against the year-ago quarter, revenue is down 43.1% (₹338.71 Cr to ₹192.87 Cr) and PAT is down 94.5% (₹49.87 Cr to ₹2.74 Cr); sequentially, revenue fell 55.2% and PAT fell 88.0% from Q4 FY26. EPS dropped to ₹0.10 from ₹1.87 a year ago. Net profit margin compressed to 1.41% from 14.63% YoY, consistent with the bearish Street stance going in (68 analysts rated the stock Sell pre-result, with consensus targets implying 35-40% downside). The bulk of the revenue decline traces to the Cost of Traded Goods Purchased line, which fell to ₹18.53 Cr this quarter from ₹263.86 Cr in Q4 FY26 and ₹136.72 Cr in Q1 FY26 — a low-margin, pass-through trading/distribution business, so its pullback explains why margins didn't collapse in proportion to revenue. EBITDA-level margin (OPM) actually held at 12.09%, within the 11-13% band flagged pre-result and up from 10.77% last quarter, though still well off the 21.43% posted a year ago. The bigger squeeze shows up below the operating line, where finance costs and depreciation absorbed a much larger share of a smaller revenue base; net margin fell to a fraction of its year-ago level even as PBT before exceptional items (₹3.64 Cr) stayed marginally positive. There were no exceptional items this quarter, so the weakness is purely operational, not one-off-driven. Standalone and consolidated tell a broadly similar story: standalone revenue was ₹148.28 Cr with PAT of ₹2.54 Cr, while the three foreign subsidiaries (Hong Kong and USA units, covering the export/LVT vinyl-flooring business the preview flagged as a bull case) added ₹45.60 Cr of revenue but just ₹0.20 Cr of profit and a negative ₹(0.23) Cr other comprehensive income, per the auditor's review note — thin overseas profitability this quarter, not the offsetting driver bulls had hoped for. Management gives no formal guidance on record for this business, so vsGuidance cannot be assessed against a stated target; no separate management commentary accompanied this filing beyond the board-outcome letter, which addressed only the buyback process and said nothing about operating performance. Concurrently, the Board formed a Buy-Back Committee to evaluate a proposed share buyback — flagged pre-result as a possible catalyst — but deferred size, pricing and timing to a future meeting, alongside a previously-set ₹0.10/share dividend record date of August 14, 2026 and the FY26 BRSR filing ahead of the August 24 AGM. Going into Q2 FY27, the key markers are whether the traded-goods/distribution line rebounds or the pullback is structural, whether the ~12% OPM band holds as a floor, and what size and terms the Buy-Back Committee eventually proposes.

14 Aug 2026, 04:09 pm

Corporate Events

Board MeetingRESPONIND
2026
24Aug

Board Meeting

The 44th Annual General Meeting (AGM) and the Annual Report …

BSE Filing
DividendRESPONIND
2026
14Aug

₹0.1 / share

BSE Filing
Board MeetingRESPONIND
2026
14Aug

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing
Board MeetingRESPONIND
2026
24Jul

Board Meeting

The Board of Directors approved the Appointment of Mr. Bajr…

BSE Filing
Board MeetingRESPONIND
2026
26May

Board Meeting

The board meeting is scheduled to consider and approve Audit…

BSE Filing
Board MeetingRESPONIND
2026
13Feb

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingRESPONIND
2025
31Dec

Board Meeting

Intimation of Closure of Trading window

BSE Filing
Board MeetingRESPONIND
2025
11Nov

Board Meeting

Consideration and approval of the Unaudited Financial Result…

BSE Filing
DividendRESPONIND
2025
12Sep

₹0.1 / share

BSE Filing
Board MeetingRESPONIND
2025
30Jul

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingRESPONIND
2025
14May

Board Meeting

Audited financial results, Dividend recommendation

BSE Filing
Board MeetingRESPONIND
2025
10Feb

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingRESPONIND
2024
22Oct

Board Meeting

consider and approve Unaudited financial Results (Standalone…

BSE Filing
DividendRESPONIND
2024
6Sep

₹0.1 / share

BSE Filing
Board MeetingRESPONIND
2024
28May

Board Meeting

Consider and approve Audited Standalone Financial Results an…

BSE Filing
Board MeetingRESPONIND
2024
5Feb

Board Meeting

Consideration and Approval of Unaudited Financial Results

BSE Filing
Board MeetingRESPONIND
2023
1Nov

Board Meeting

Consideration and approval of Unaudited Financial Results (S…

BSE Filing
Board MeetingRESPONIND
2023
8Sep

Board Meeting

accept terms and conditions of the Sanction letter for takeo…

BSE Filing