India's Rushil Decor down after Q4 profit fall

Rushil Decor

10/05/2024 06:13

** Shares of Rushil Decor  RUSH.NS  fall as much as 7.5% to
305.15 rupees; last down 5.7% 
    ** The wood panel maker reports 33.6% fall in March-qtr net
profit to 90 mln rupees ($1.1 mln)
    ** Revenue from operations up over 9% Y/Y 
    ** EBITDA margin contracts to 12.5% from 13.2% a year
earlier
    ** Decline in margins can primarily be attributed to rising
timber costs and heightened sales and marketing expenditures -
RUSH 
    ** Stock on track to snap two straight weeks of gains if
trends hold 
    ** Including session's move, stock down 20.6% YTD


($1 = 83.4860 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))