“We are focused more on creating value for the company and being profitable at the EBITDA level,” said Rishabh Agarwal, Managing Director, Responsive Industries.
“So from next year, we expect to see turnover to be more or less consistent but the impact will be at the EBITDA level because of transition from low margin to high margin strategy,” he said.
Agarwal said we reduced our topline because we discontinued our economical vinyl flooring which used to service the low segments.
Responsive Industries posted a mixed set on numbers with revenues taking a big hit. However, low material costs led to higher margins while profits were aided by other income.
Talking about margins, he said, “The margin improve we expect to see from 10 to 20% odd on the EBITDA level. So we expect to see a significant improvement in margins.”