Responsive Industries Reports Impressive Growth in Q3 2023
Newzdaddy Business Updates
Responsive Industries Limited is excited to share its financial performance for the third quarter of 2023. They’ve had an outstanding period, thanks to their dedication to excellence and innovation. Here are the key highlights:
- More Money Coming In Responsive Industries made 9.48% more money compared to the same time last year. They did this by selling more things in new places and to more people.
- Making More Profit: The company made a lot more profit this quarter, reaching INR 40.67 Crores (that’s 15.16% of their money). Their profit for this quarter increased by 35.5% compared to the last quarter and a whopping 802.32% compared to the same time last year. This is way more than the growth in the money they made.
- Doing Well in Business: The company’s earnings before taking out expenses (EBITDA) also did great, reaching INR 66.59 Crores (that’s 24.82% of their money). Their EBITDA for this quarter increased by 30.6% compared to the last quarter and a remarkable 245.6% compared to the same time last year.
- Innovating and Growing: Responsive Industries is dedicated to using new ideas and technology to keep growing in the future.
- Reaching New Places: The company has expanded to new regions and is doing well there. They are taking advantage of new opportunities and making their business stronger globally.
Mr. Rishabh Agarwal, the Chairman of Responsive Industries Limited, is very proud of how the company did in Q3 of FY24. He says these financial results show how hard his team worked. They will keep focusing on new ideas, being eco-friendly, and giving excellent service to their customers. They believe Responsive Industries will continue to do well in the future.
Mr. Agarwal also said that their profits improved because they got better at running their business.