Ahmedabad,
16th May 2025: Rushil Decor Limited (BSE: 533470. NSE: RUSHIL), one of the
leading suppliers of eco-friendly sustainable MDF Boards, Laminates and Plywood has
announced its Audited financial results for the quarter and year ended 31st March,
2025.  

Business and operational
Highlights for Q4 FY202

  • Net Debt to Shareholder Equity at 0.41x

  • Consolidated Basic EPS of Q4 FY2025 is Rs. 0.45 and
    Diluted EPS is Rs. 0.42

  • Added 20 retail distributors

  • MDF Boards:

    • Reported EBITDA of Rs. 181 million with an EBITDA
      margin of 10.7%.

    • Price realization for per CBM in export and India are
      Rs. 21,961 and Rs.24,424

    • Capacity utilization optimized at 81% 

  • Laminates:

    • Reported EBITDA of Rs. 45 million with an EBITDA
      margin of 8.5%.

    • Price realization for per sheet in export and India
      are Rs. 681 and Rs. 701

    • Capacity utilization for laminates was at 83%

 

Commenting
on the performance Mr. Rushil Thakkar, Managing Director said:

“As FY2025 concludes,
Rushil Decor has delivered a resilient performance despite a dynamic business
environment. Consolidated revenue for FY2025 was INR 8,979 million, marking a
6.4% year-on-year growth, while Profit After Tax increased by 11.1% to INR 479
million. This performance reflects our disciplined strategy execution and
operational efficiency.

 

The MDF division
continued to be a key growth driver, with revenue of INR 6,637 million,
supported by a strong 42.8% year-on-year increase in export sales. Growing
acceptance of our MDF products in international markets has further
strengthened our global presence, leading to a 32.4% year-on-year increase in
export volumes. Furthermore, our continued focus on value-added products
remains central to our strategy for long-term margin improvement.

 

The Laminates division
also delivered a stable performance, recording revenue of Rs 1,989 million,
driven by steady export demand. Commercial production at the Jumbo Laminates
facility in Gandhinagar commenced in the month of April, 2025 under Phase 1,
with an initial installed capacity of 1.2 million sheets per annum. We have
already secured initial orders for exports accounting for 15% of this capacity,
marking a promising start for the new facility. Furthermore, we are on track to
commence the phase 2 production by the month of October this year.

 

Despite the increase in
industry MDF capacity from 2.3 million CBM to 3.5 to 4 million CBM over the
past two years, we have maintained our market share, supported by strong brand
recall and a customer-focused approach. Our distribution network continued to
grow with the addition of new distributors and retailers throughout the year,
further improving our market reach. We also closed FY2025 with a healthy net
debt-to-equity ratio of 0.41x, reflecting our focus on maintaining a strong and
stable financial position.

 

As we look ahead to
FY2026, we are aiming to cross Rs. 11,000 million in consolidated revenues.
Additionally, we are committed to capitalizing on emerging opportunities across
domestic and international markets, backed by focused execution, strategic
capacity augmentation and customer-led innovation.”

 

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
hiren.padhya@rushil.com 

Rajiv
Pandya / Abhishek Dakoria 
Churchgate Partners
+91 22 6169 5988
rushil@churchgatepartners.com 

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.