Revenue from operations fell 46.3 percent to Rs 211.3 crore in Q1, compared to Rs 393.6 crore in same period last fiscal.
Moneycontrol News
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Vinyl flooring and cloth rexine manufacturing company Responsive Industries' first quarter profit increased 5.6 times to Rs 16.3 crore, backed by operational performance.
Profit in the corresponding period last fiscal was at Rs 2.9 crore.
Revenue from operations fell 46.3 percent to Rs 211.3 crore in Q1, compared to Rs 393.6 crore in same period last fiscal.
EBITDA (earnings before interest, tax, depreciation and amortisation) shot up 48.7 percent year-on-year to Rs 37.9 crore and margin expanded by 1,140 basis points to 17.9 percent in June quarter, driven by lower raw material cost, finance cost and depreciation expenses.
At 13:38 hours IST, the stock price was quoting at Rs 91.30, down Rs 5.60, or 5.78 percent on the BSE.First Published on Jul 18, 2018 01:53 pm