Responsive Industries Limited has informed the Exchange regarding 'Investor Presentation - February 2026'.
RESPONIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Responsive Industries shared an investor presentation covering Q3 and 9M FY26 results, with the main story being a sharp profit decline blamed on US import tariffs on select Indian exports. Q3 FY26 total income fell 15% YoY to ₹314 Cr, EBITDA dropped 36% to ₹48 Cr (margin slipping to 15% from 20%), and PAT nearly halved to ₹23 Cr (down 52%). For 9M FY26, revenue was ₹971 Cr (down 7%), EBITDA ₹202 Cr (down 6%), and PAT ₹126 Cr (down 13%). Chairman Rishabh Agarwal called the tariff hit 'transitory' and expects margin recovery as tariffs ease. The company, India's only integrated vinyl flooring manufacturer with plants in India and China, sees major upside in the $10B+ US LVP market and is in advanced talks with large US accounts. Balance sheet remains strong with net debt/equity at just 0.18x and current ratio at 3.5x.
Near-term pain is real—Q3 PAT nearly halved and EBITDA margin compressed by 500 bps—but management is framing it as a one-time tariff event with recovery expected. The forward guidance of 12-15% revenue growth, 20-24% sustainable EBITDA margins, and 15-18% RoE is constructive, though actual delivery will hinge on US tariff reversals and successful US account wins. Watch US policy news and export revenue trends closely.