Responsive Industries posts profit of Rs 40.67 crore in Q2 FY24, ET RealEstate

November 3, 2023

NEW DELHI: Responsive Industries has reported net consolidated profit after tax of Rs 40.67 crore during the quarter ended September 30, 2023. It had registered loss after tax of Rs 5.79 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 273.80 crore in Q2 FY24, a growth of 9.39 per cent from Rs 250.30 crore it recorded in the similar quarter last year.

“The improved EBITDA margin and net margin have become possible due to our improved operational efficiency,” said Rishabh Agarwal, chairman of the company.

In October 2023, National Company Law Tribunal (NCLT), Mumbai Bench approved the scheme of amalgamation of Axiom Cordages with Responsive Industries, it said in the regulatory filing.

  • Published On Nov 3, 2023 at 11:30 AM IST

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