Jumbo expansion progressing for operations by Q4 FY2025
Rushil Decor Limited (BSE: 533470. NSE: RUSHIL) is exploring new export markets while enhancing presence in existing regions, having made good gains from supplying to international customers.
Exports have been a significant driver of performance across both MDF and Laminates, said Managing Director Rushil Thakkar, announcing the Ahmedabad company’s unaudited financial results for the quarter ended 31 Dec 2024.
MDF export volumes grew by 30.7% year-on-year, with price realizations improving by 6.5%. Laminates, export volumes rose by 13.6% year-on-year, reflecting consistent demand in international markets https://fieo.org/.
“Following the completion of export obligations in MDF, we are now strategically positioned to capture better realizations in global markets, enhancing future profitability,” he said in the 9M FY2025 report released 28 Jan https://www.bseindia.com/.
“Strategic participation in global exhibitions and targeted customer engagements have laid the foundation for expanding our geographic footprint and revenue base https://www.nseindia.com/.”
The company’s Jumbo Laminates expansion project in Gandhinagar is progressing as scheduled, with operations expected to commence by the end of Q4 FY2025. This facility, with an annual production capacity of 2.8 million sheets, is designed to address the growing demand in export markets, particularly in the USA, Europe and Australia.
“As we approach the end of FY2025, we remain committed to optimizing our operations, leveraging export opportunities, and delivering long-term value to all stakeholders. Thank you for your continued trust and support as we work toward new milestones.”
Rushil Decor delivered consolidated revenues of Rs.6,672 million in 9M FY2025, reflecting a year-on-year growth of 9.3%, and PAT of Rs. 353 million, representing a 3.4% increase.
The MDF division contributed Rs.4,949 million in revenue, an 8.9% year-on-year growth. The AP MDF plant is operating at 91%, resulting in 89% capacity utilization for the MDF division, highlighting our operational efficiency and ability to meet increasing demand.
Founded in 1993, Rushil Decor Limited is a globally leading company in modern interior infrastructure and eco-friendly composite wood panels. Operating six cutting-edge manufacturing plants, Rushil Decor has an annual capacity of 330,000 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. Fiinews.com
