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.
Ballarpur Industries Ltd, EPACK Durable Ltd, Hardwyn India Ltd, R Systems International Limited, and Shivom Investment & Consultancy Ltd are Companies scheduled to post their earnings on February 15.
As the earnings season is nearing its end some leftover companies will keep announcing their results. Over 620 companies announced their December quarter earnings on February 14.
EPACK Durable Ltd on Thursday reported Rs 4.83 crore consolidated net profit for the third quarter ended December 2023.
The company had posted a net loss of Rs 6.30 crore during the October-December quarter a year ago, EPACK Durable said in a regulatory filing.
EPACK Durable Ltd on Thursday reported Rs 4.83 crore consolidated net profit for the third quarter ended December 2023.
The company had posted a net loss of Rs 6.30 crore during the October-December quarter a year ago, EPACK Durable said in a regulatory filing.
The stock of the company started the trade at Rs 225, lower by 2.17 per cent from the issue price on the BSE. During the day, it fell by 10.56 per cent to Rs 205.70. It ended at Rs 207.70 apiece, down 9.69 per cent. On the NSE, it tanked 9.5 per cent to Rs 208.15 per share after beginning the trade at Rs 221, lower by 3.91 per cent.
EPACK DURABLE Share Price Today : On the last day of trading for EPACK DURABLE, the open price was ₹225 and the close price was ₹230. The stock reached a high of ₹225 and a low of ₹205.7. The market capitalization for EPACK DURABLE is 0.0 cr. The 52-week high and low prices for the stock are not provided. The BSE volume for the stock was 1276036 shares.
EPACK Durable manufactures room air conditioners and small household appliances.
The stock of the company started the trade at Rs 225, lower by 2.17 per cent from the issue price on the BSE. It further fell by 8.15 per cent to Rs 211.25.
EPACK Durable Ltd, an original equipment manufacturer of home appliances, made a week stock market debut Tuesday to the issue price and then falling further.
FIRST ON ZEE BUSINESS: Management of EPACK Durable IPO after listing at 4% discount… What is the future plan and business model of Epack Durable? Where will the money raised from IPO be used? Watch Anil Singhvi’s conversation with company Chairman & WTD Bajrang Bothra and MD & CEO Ajay DD Singhania.
