Rushil Decor Ltd Share Price – NSE  /  BSE

Plywood Boards/Laminates, Small Cap

Rushil Decor is expanding its presence into the North American market, marking a significant milestone in its global growth strategy. Rushil Decor already reaching over 50 countries, aims to capitalize on one of the world's largest markets for Laminates and MDF.

 This strategic move coincides with the company's participation at the “International Woodworking Fair” (IWF) in Atlanta from August 6th to 9th, 2024. IWF Atlanta is renowned as North America's premier trade show and conference for woodworking technology and design, attracting industry leaders and professionals from around the globe.

 Rushil Thakkar, Executive Director of Rushil Decor Limited, expressed optimism and added “Our Company's participation at IWF Atlanta underscores our commitment to establishing a robust presence in North America, leveraging our expertise in sustainable manufacturing practices and high-quality product offerings. We emphasize the strategic significance of venturing into the North American market, stressing the prospects offered by the multibillion-dollar wood panel market and our dedication to providing sustainable, superior products customized to meet the demands of both local and global clientele.

As Rushil Decor prepares to showcase its innovative products and forge new partnerships at IWF Atlanta, the company is poised to make a significant impact in the North American woodworking sector, further solidifying its position as a key player globally.

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Rushil Decor will hold a meeting of the Board of Directors of the Company on 1 August 2024.

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Artemis Medicare Services Ltd, Surya Roshni Ltd, Krebs Biochemicals & Industries Ltd and Future Consumer Ltd are among the other losers in the BSE's 'B' group today, 10 May 2024.

Rushil Decor Ltd tumbled 7.23% to Rs 305.9 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 19606 shares were traded on the counter so far as against the average daily volumes of 8408 shares in the past one month.

Artemis Medicare Services Ltd crashed 6.06% to Rs 181.5. The stock was the second biggest loser in 'B' group.On the BSE, 72102 shares were traded on the counter so far as against the average daily volumes of 12226 shares in the past one month.

Surya Roshni Ltd lost 5.42% to Rs 584.1. The stock was the third biggest loser in 'B' group.On the BSE, 31893 shares were traded on the counter so far as against the average daily volumes of 35816 shares in the past one month.

Krebs Biochemicals & Industries Ltd slipped 5.27% to Rs 65.39. The stock was the fourth biggest loser in 'B' group.On the BSE, 21392 shares were traded on the counter so far as against the average daily volumes of 1071 shares in the past one month.

Future Consumer Ltd corrected 5.00% to Rs 1.14. The stock was the fifth biggest loser in 'B' group.On the BSE, 140.11 lakh shares were traded on the counter so far as against the average daily volumes of 39.94 lakh shares in the past one month.

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Net profit of Rushil Decor declined 33.63% to Rs 9.00 crore in the quarter ended March 2024 as against Rs 13.56 crore during the previous quarter ended March 2023. Sales rose 9.12% to Rs 233.43 crore in the quarter ended March 2024 as against Rs 213.92 crore during the previous quarter ended March 2023.

For the full year,net profit declined 44.50% to Rs 43.11 crore in the year ended March 2024 as against Rs 77.67 crore during the previous year ended March 2023. Sales rose 0.66% to Rs 843.97 crore in the year ended March 2024 as against Rs 838.40 crore during the previous year ended March 2023.

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