Responsive Industries Limited
Add to watch list to get report alerts
BSE Code:
505509
NSE Code:
RESPONIND
Business Profile
Business Profile
Responsive Industries (RESPONDIND), incorporated in 1982, is engaged in manufacture of polyvinyl chloride (PVC) products used for household and commercial purposes. Earlier known as Responsive Polymers, it got its present name with effect from Apr. 16, 2007.
Located in the Thane district of Maharashtra, the company completed expansion of its installed capacity in FY07 to increase production of PVC leather cloth, PVC flooring, PVC sheeting, and PVC rigid pipes.
The registered office is at Betegaon Boisar (East) village, Mahagaon Road, Palghar taluka, Thane-401501, Maharashtra.
Financials
Responsive Industries reported a steep drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 61.43% to Rs 69.35 million from Rs 179.81 million in the same quarter last year.
Net sales for the quarter rose marginally 2.21% to Rs 959.68 million, while total income for the quarter dipped 0.2% to Rs 964.97 million, when compared with the prior year period.
The company posted earnings of Rs 3.3 a share during the quarter, registering 61.49% decline over previous year period.
Recent Developments
25-AUG-08
On Aug. 20, 2008, the shareholders authorized the board:
-To borrow in excess of paid-up capital and free reserve and mortgage movable and immovable assets to the extent of Rs 1,500 million.
- To issue further securities.