Rushil Decor Limited has informed the Exchange regarding a press release dated August 11, 2025, titled "MDF Blended Realisation up 4.5% Y-o-Y in Q1 FY26, Laminates Blended Realisation up 5.0% Y-o-Y in Q1 FY26".
RUSHIL · price
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Rushil Decor reported a weak Q1 FY26, with consolidated revenue falling 20.4% year-on-year to Rs. 1,792 million, dragged down by a fire incident at its Andhra Pradesh MDF plant on April 9 that halted production for 43 days. The company slipped into losses, posting a negative EBITDA of Rs. 22 million (margin of -1.2%) versus Rs. 257 million last year, and a net loss of Rs. 141 million against a Rs. 124 million profit a year ago. MDF volumes dropped nearly 30% and laminates volumes fell 10%, though blended realisations improved — MDF up 4.5% and laminates up 5.0% year-on-year — on better pricing and product mix. The laminates division remained profitable with Rs. 45 million EBITDA at a 10.2% margin, while MDF turned negative at Rs. -73 million. Management received Rs. 930 million from a preferential allotment and began commercial production at its new jumbo laminates facility, expecting a strong rebound in Q2 FY26.
Negative short-term: a fire-driven loss quarter with a negative EPS of Rs. 0.49 may pressure the stock, but insurance coverage and improving realisations offer some cushion. Medium-term outlook is constructive as the new jumbo laminates plant ramps up and MDF utilisation recovers — investors should watch Q2 FY26 results to confirm the bounce-back story.