The summers have just started but the heat is already quite unbearable in many parts of the country. As a result, the demand for air conditioners is on the rise. Even stocks of companies manufacturing air conditioners are in demand. But would you rate them as cool options to buy this Summer? Here is how these stocks fared in March and FY24.
Rising temperatures across the country have caused the shares of EPACK Durable, a leading supplier of air conditioners and its components, to soar by 28% in just the last seven trading sessions.
The Noida-based original design manufacturer (ODM) is a manufacturer of ACs for numerous consumer durables companies such as Voltas, Blue Star, Daikin, Havells India, Haier, Infiniti Retail, among others.
मौसम विभाग की ओर से देश के कुछ हिस्सों के लिए लू और भयंकर गर्मी की चेतावनी जारी की गई है। जिसके लिए एडवाइजरी भी जारी की गई है। वहीं दूसरी ओर बढ़ती गर्मी की खबर से देश की लीडिंग एयर कंडिशन Original Design Manufacturer Epack Durable ग्रोथ के लिहाज से अच्छी है। कैसे, इस पर बिजनेस टुडे बाजार के सवालों के जवाब दिए Epack Durable के MD अजय सिंघानिया से।
The pandemic has led to an increased dependency on digital services, raising concerns about data privacy and security. This prompted the government to increase their focus on data localisation in India.
Water is one of the most precious natural resources in the world. Yet, the world is moving towards an inevitable water crisis in many geographies globally. As governments seek to conserve water, the focus is on determining the water usage of diverse industries to discover how and where water consumption can be minimised.
Pre-engineered buildings have sustainable attributes, including a reduced carbon footprint (up to 60 per cent), dust-free construction processes, time saving by more than 50 per cent and zero water requirements, which make them not only suitable for flat terrains but also exceptionally well-suited for challenging hilly landscapes.
Epack Durable Share Price: जानें किन levels पर करनी चाहिए आपको खरीदारी और क्या है Target Price और जानिए किस Strategy के साथ इस Stock में पैसा कमाया जा सकता है
Noida-based room air conditioner maker EPack Durables announced its first quarterly earnings after its listing on January 30 where the company reported a net profit of Rs 4.9 crore for the December ended quarter versus net losses in Q3FY23 and Q2FY24. The consolidated revenue was up 1% year-on-year at Rs 279 crore.
Shares of Epack Durables Ltd surged over 8% on Friday after it registered a return to profit in the third quarter.
The home appliance manufacturer reported a net profit Rs 4.89 crore in quarter ended December, compared with a loss of Rs 6.24 crore in the corresponding period of the previous year, according to an exchange filing.
Net Sales at Rs 277.73 crore in December 2023 up 1.3% from Rs. 274.17 crore in December 2022.
Quarterly Net Profit at Rs. 4.60 crore in December 2023 up 257.19% from Rs. 2.92 crore in December 2022.
EBITDA stands at Rs. 23.60 crore in December 2023 up 196.11% from Rs. 7.97 crore in December 2022.
EPack Durables EPS has increased to Rs. 0.59 in December 2023 from Rs. 0.43 in December 2022.
Epack Durable rallied 6.31% to Rs 198.05 after the company’s consolidated net profit stood at Rs 4.89 crore in Q3 FY24 as compared with net loss of Rs 6.24 crore in Q3 FY23.
Revenue from operations increased 1.25% YoY to Rs 279.05 in Q3 FY24, primarily due to the effects of weather disruption in Q1-FY24, that lead to inventory destocking by customers in Q2 and Q3, resulting in lower demand, however the company said that this situation has now reversed as many brands have reported strong Q3 sales, and anticipate a strong summer season.
