Ahmedabad : Rushil Decor Limited (BSE: 533470.
NSE: RUSHIL), one of the leading suppliers of eco-friendly sustainable MDF Boards, Laminates and Plywood has announced its
unaudited financial results for the quarter ended 31st December 2024.
Financial
Performance for Q3 FY25:
Division Revenue:
Division Volume:
Business and
operational Highlights for Q3 FY2025:
- Net
Debt to Shareholder Equity at 0.44x
- Consolidated
Basic EPS of Q3 FY2025 is Rs. 0.42 and Diluted EPS is Rs. 0.38
- Added
50+ retail distributors
- MDF
Boards:
- Reported
EBITDA of Rs. 234 million with an EBITDA margin of 15.2%.
- Price
realization for per CBM in export and India are Rs. 21,415 and Rs.24,926
respectively
- Capacity
utilization optimized at 87%
- 54%
revenue of MDF boards contributed by value-added products
- Laminates:
- Reported
EBITDA of Rs. 38 million with an EBITDA margin of 7.7%.
- Price
realization for per sheet in export and India are Rs. 684 and Rs. 528
respectively
- Capacity
utilization for laminates was at 83%
Commenting on the
performance of Q3 FY25, Mr. Rushil Thakkar, Managing Director said:
“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.
As
we approach the end of FY2025, we remain committed to optimizing our
operations, leveraging export opportunities, and delivering long-term value to
all stakeholders. Thank you for your continued trust and support as we work
toward new milestones.”
About
Rushil Décor
Founded in
1993, Rushil Decor Limited is a globally leading company in modern interior
infrastructure and eco-friendly composite wood panels. The company excels in
setting industry benchmarks through innovative designs and advanced technology.
Operating six cutting-edge manufacturing plants, Rushil Decor has an annual
capacity of 3,30,000 CBM MDF and 3.49 million laminates, serving customers in
over 56 countries. The company's product range includes VIR Laminates, VIR MDF
boards, VIR MAXPRO (HDFWR) boards, VIR Pre-laminated Decorative MDF/HDFWR
boards, VIR Modala Ply, VIR PVC and VIR WPC boards/doors.
Rushil
Decor's commitment to quality, design excellence and customer-centricity
distinguishes it in the market. Driven automated plants, world class German
technologies and global standards, Rushil Decor relentlessly creates smarter
spaces. The company ensures optimal supply chain efficiencies and resource
utilization. Strategic local plantations further enhance cost advantages in raw
material sourcing, allowing Rushil Decor to meet global market demand
effectively and sustainably.
For more details, please visit: www.rushil.com
Hiren Padhya
Chief Financial Officer
Rushil Decor Limited
Rajiv Pandya / Abhishek Dakoria
Churchgate Partners
+91 22 6169 5988
Statements
in this document relating to future status, events, or circumstances, including
but not limited to statements about plans and objectives, the progress and
results of research and development, potential project characteristics, project
potential and target dates for project related issues are forward-looking
statements based on estimates and the anticipated effects of future events on
current and developing circumstances. Such statements are subject to numerous risks
and uncertainties and are not necessarily predictive of future results. Actual
results may differ materially from those anticipated in the forward- looking
statements. The company assumes no obligation to update forward-looking
statements to reflect actual results changed assumptions or other factors.