Net loss of Rushil Decor reported to Rs 1.38 crore in the quarter ended March 2020 as against net profit of Rs 3.83 crore during the previous quarter ended March 2019. Sales declined 11.93% to Rs 76.22 crore in the quarter ended March 2020 as against Rs 86.54 crore during the previous quarter ended March 2019.
For the full year, net profit rose 60.74% to Rs 23.05 crore in the year ended March 2020 as against Rs 14.34 crore during the previous year ended March 2019. Sales declined 2.37% to Rs 335.60 crore in the year ended March 2020 as against Rs 343.74 crore during the previous year ended March 2019.
As per the company, the outbreak of COVID-19 pandemic globally and in lndia is causing significant disturbance and slow down of economic activity, COVID 19 has caused interruption in production, supply chain disruption, unavailability of personnel, etc. during last week of March, 2020 and thereafter.
Rushil Décor Ltd. is one of the leading company in Laminate and MDF panel boards industry in India with a global foot print in and around 42 countries. The company offers a wide product portfolio of Laminates, MDF Boards, HDFWR (High Density Fiber Water Resistant) Boards, Pre-Laminated Decorative MDF Boards and PVC Boards with a fully supported robust after sales service network under VIR brand.