Responsive Industries Limited, a leading India-based manufacturer of Luxury Vinyl Plank (LVP), SPC Floors, Resilient Sheet Vinyl, Synthetic Leather, Synthetic Ropes and Waterproofing Membrane, has announced its financial performance for the fourth quarter and year ended on March 31st,2024.
The company's EBITDA showed robust growth, reaching Rs 261.25 Crores (107.36%) for the year ended March 31st, 2024 showcasing the company’s commitment and focus on margin accreditive products. EBITDA for Q4 increased by 70.36% on YoY basis to Rs 75.74 Crores, this growth is clearly demonstrated by the faith of our customers, creation of new product segments and inroads into established markets.
Net Profit: Responsive Industries continues its strong positioning by clocking a Net Profit of Rs 161.26 Crores (an increase of 561.17%) for the FY24. Net Profit for Q4 has increased by 101.72% (Rs 45.87 Crore vs. Rs 22.74 Crore) on YoY basis.
EPS for FY24 is at Rs 6.05 per share as against Rs 0.91 for FY23, an annualized growth of 564.84%. Responsive has become the preferred supplier of flooring products to many customers worldwide and continues to acquire new ones based on the goodwill and quality of its products.
Responsive Industries has been able to enter new markets globally and has established itself as a top source for materials. The company saw its SPC/LVP floor segment grow the fastest and helped capture market in the United States of America. Responsive now has a strong presence in a large number of stores across the USA.
In the current Global Scenario, we are the Preferred Diversification Option for most customers across the world. The increased energy prices across Europe also helped company increase its presence. The Company is under final stages of negotiations with New Customers that should enable guide the strong growth over the Next Multiple Quarters. We hope to continue our status as a Zero-Debt company.
