Responsive Industries Reports Mixed Q3 FY24-25 Results Amid Rising Interest Costs

Responsive Industries, a midcap player in the plastic products industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat financial performance for Q3 FY24-25, with a notable adjustment in its evaluation score, which has shifted to a lower figure over the past three months.
On a positive note, the company achieved its highest quarterly net sales at Rs 367.82 crore, reflecting consistent growth over the last five quarters. Additionally, the profit after tax (PAT) for the nine-month period reached Rs 144.61 crore, showcasing a year-on-year growth of 25.86%. This trend suggests a favorable near-term outlook for sales and profitability.

Conversely, the financial results also highlight challenges for Responsive Industries. The quarterly interest expense has risen to Rs 6.63 crore, marking the highest level in the last five quarters. This increase in interest costs, which has grown significantly quarter on quarter, raises concerns about the company's ability to manage its borrowings effectively. Furthermore, the operating profit to interest ratio has reached its lowest point in recent quarters, indicating potential difficulties in covering interest payments.

Overall, the financial results present a mixed picture for Responsive Industries, with both positive sales trends and emerging challenges related to rising interest costs.

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