Rushil Decor Reports 15.9% YoY Revenue Growth for Q1 FY2025

Rushil Decor Limited, leading in eco-friendly MDF boards and laminates, recorded a 15.9% year-over-year revenue increase for Q1 FY25. Profit after tax margins rose to 5.5%. Expansion efforts and agroforestry initiatives are underway, with a stock split to enhance liquidity. A new laminates facility is set to open soon.

Rushil Decor Limited (BSE: 533470, NSE: RUSHIL), a pioneering supplier of eco-friendly MDF boards, laminates, and plywood, unveiled its unaudited financial results for the quarter ending June 30, 2024.

For Q1 FY25, Rushil Decor reported a 15.9% year-over-year revenue growth, recording ₹2,235.0 million. Gross profit stood at ₹1,014.6 million, showing a 7.6% rise compared to the previous year. However, the EBITDA witnessed an 11.6% decline to ₹255.7 million. The profit after tax margins improved to 5.5%, a 1.6% increase from Q4 FY24.

In his statement, Krupesh Thakkar, Chairman & Managing Director, highlighted the company's expansion within the laminates division, with a new facility for jumbo-size sheets expected to start operations by Q3 FY25. Additionally, a preferential funding of Rs. 122.66 crores through convertible warrants has been approved, with significant investment into the new facility. Rushil Decor also continues to champion sustainability through agroforestry initiatives to ensure a sustainable supply chain.

(With inputs from agencies.)