Mumbai, India, 23 October 2024: 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, today announced financial results for the quarter and half year ended 30th September 2024.

Revenue: Revenue at Rs. 349.5 Cr in Q2FY25 as compared to Rs. 268.3 Cr reported in Q2FY24; a growth of 30.3% YoY; Revenue during H1FY25 stood at Rs. 669.4 Cr a growth of 25.9% YoY against Rs.531.5 Cr reported in H1FY24
• EBITDA: EBITDA stood at Rs. 72.5 Cr in Q2FY25 as against Rs. 61.1 Cr in Q2FY24 with an EBITDA Margin of 20.7% in Q2FY25; EBITDA for H1FY25 stood at Rs. 143.8 Cr as compared to Rs. 109.6 Cr in H1FY24, 31.1% YoY growth with an EBITDA margin of 21.5% in H1FY25
• PAT: PAT stood at Rs. 49.3 Cr in Q2FY25 against Rs. 40.7 Cr, a growth of 21.2% YoY; During H1FY25 PAT was at Rs. 97.7 Cr reporting a growth of 38.2% YoY

Commenting on the Financial Performance, Mr. Rishabh Agarwal, Non-Executive Director & Chairman, said: “The Q2 & H1 FY25 strong operational performance reflectsthe resilience of our business model and the successful execution of our strategic initiatives, even as we navigated through the challenges posed by an extended monsoon and global macro headwinds.

 We are confident in our ability to continue delivering robust performance moving ahead. Our focus on operational efficiencies and cost management has allowed us to maintain healthy margins, and we are confident in our ability to sustain the same.

 Looking ahead, we are excited about the vast opportunities that lie before us and are committed to capitalizing on these prospects. We believe that our strategic investments, product innovation, and market expansion efforts will drive our growth and solidify our position as a leader in the industry. Our strong performance in Q2FY25 is a clear indicator of our potential, and we are enthusiastic about the future as we work to reap the benefits of the opportunities ahead.”