Credit rating reaffirmed by Infomerics at IVR A with Stable outlook
RESPONIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.7 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Infomerics has reaffirmed credit ratings of Responsive Industries at IVR A/Stable for long-term and IVR A1 for short-term bank facilities, totaling Rs 430.27 crore. Term loan limit reduced from Rs 130.57 crore to Rs 125.47 crore. FY25 revenue grew 30 percent to Rs 1,417.91 crore, PAT at Rs 198.86 crore. Gearing stable at 0.19x, interest coverage improved to 12.31x. Outlook remains Stable.
Neutral for shareholders. Reaffirmed rating indicates stable credit health with no change in outlook or rating level.