Responsive Industries Reports Strong Financial Performance in Q2 FY25

Oct 22 2024 08:01 PM IST
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Responsive Industries, a midcap company in the plastic products industry, has reported a positive financial performance for the quarter ending September 2024. The company's Operating Profit to Interest ratio has improved, indicating efficient management of interest expenses. Its Operating Cash Flow and profitability have also shown positive trends, while sales and earnings have increased.

Responsive Industries, a midcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance, with its score improving from 22 to 24 in the last three months.

One of the key factors contributing to this improvement is the company’s ability to manage interest payments, as seen in its Operating Profit to Interest ratio, which is the highest at 14.14 times and has grown each quarter in the last five quarters. This indicates that Responsive Industries is becoming more efficient in handling its interest expenses.


Another positive aspect of the company’s financials is its Operating Cash Flow, which has been consistently growing each year in the last three years and is currently at its highest at Rs 225.08 crore. This shows that the company is generating higher cash revenues from its business operations.


In terms of profitability, Responsive Industries has also shown a positive trend. Its Operating Profit (PBDIT) for the quarter is the highest at Rs 72.52 crore and has grown each quarter in the last five quarters. Similarly, its Profit After Tax (PAT) for the quarter is also the highest at Rs 49.28 crore and has grown each quarter in the last five quarters. This indicates that the company is on a path of increasing profitability.


The company’s sales have also seen a positive trend, with its Net Sales for the quarter at Rs 349.52 crore, the highest in the last five quarters. This is a growth of 22.2% over the average Net Sales of the previous four quarters, which was Rs 285.93 crore. This shows that Responsive Industries is experiencing a positive sales trend.


In terms of earnings, the company has also shown a positive trend, with its Earnings per Share (EPS) for the quarter at Rs 1.85, the highest in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.


Overall, Responsive Industries has shown a strong financial performance in the quarter ending September 2024, with positive trends in key areas such as interest management, cash flow, profitability, sales, and earnings. This is a promising sign for the company and its investors.


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