10:1 Stock Split: Plywood Penny Stock Under Rs 40; Company Reports Revenue of Rs 212 Crore & Net Profit of Rs 11 Crore in Q3FY25
The company recognized Rs 4.44 crore in reimbursement of power costs under the Andhra Pradesh Industrial Development Policy (IDP).
On Tuesday, the shares of Rushil Decor Ltd plunged 1.93 per cent to Rs 27.51 per share from its previous closing of Rs 28.05 per share with an intraday high of Rs 28.55 per share and an intraday low of Rs 26.01 per share. The stock’s 52-week high is Rs 45.50 and its 52-week low is Rs 26.01. The shares of the company saw a spurt in volume by more than 3.75 times on BSE.
Rushil Decor Limited, a global leader in modern interior infrastructure and eco-friendly composite wood panels, has been setting industry benchmarks since its inception in 1993. With a strong focus on innovation and advanced technology, the company operates six state-of-the-art manufacturing plants, boasting an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates. Its diverse product range, including VIR Laminates, MDF boards, HDFWR boards, pre-laminated decorative boards, Modala Ply, PVC, and WPC boards/doors, caters to customers in over 53 countries. Rushil Decor's commitment to quality, design excellence, and customer-centricity, coupled with efficient supply chain management and strategic local plantations, enables it to create smarter spaces and meet global market demands sustainably.
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According to Quarterly Results (Q3FY25), the company reported revenue of Rs 212 crore, operating profit of Rs 27 crore and net profit of Rs 11 crore. In its nine-month results (9MFY25), the company reported revenue of Rs 667 crore, operating profit of Rs 83 crore and net profit of Rs 34 crore. Looking at its standalone annual results, the company reported revenue of Rs 884 crore, operating profit of Rs 120 crore and net profit of Rs 43 crore. Furthermore, shares of the company underwent a 1:10 stock split on August 9, 2024, resulting in each Rs 10 face value share being divided into 10 shares of Re 1 face value shares.
Rushil Decor Ltd. saw several key developments during the quarter. 9,00,000 Convertible Warrants were converted into an equal number of equity shares. The company recognized Rs 4.44 crore in reimbursement of power costs under the Andhra Pradesh Industrial Development Policy (IDP). An investment of Rs 25 lakh was made in Rushil Modala Ply Limited, a subsidiary company, through a rights issue subscription. Finally, Rushil Decor Pte. Ltd., a wholly owned subsidiary in Singapore, was incorporated to expand the company's business of Laminated Sheets, MDF Board, HDF Board, Plywood, and allied products.
Disclaimer: The article is for informational purposes only and not investment advice.