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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.

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.

Shares of Epack Durable had a rather dull beginning at the bourses on Tuesday. The stock of the air-conditioner maker tumbled 9.70 per cent to ₹207.70 on the BSE against the issue price of ₹230. The stock was listed 2.17 per cent lower at ₹225 and slipped further by 10.56 per cent to ₹205.70. On the NSE, it tanked 9.5 per cent to ₹208.15.

Epack Durable makes its market debut today as analysts expect the stock to list at a 2-10 per cent premium over the issue price- to open between ₹235 and ₹253 against the issue price of ₹230. The offer was subscribed 16.37 times and it received bids for 32.7 crore shares against the issue size of 1.99 crore. High net-worth individuals (HNIs) bought 28.1 times the allotted quota while retail investors picked up 6.29 times the portion set aside for them. Qualified institutional buyers booked 25.5 times of their part.

EPACK Durable made a weak stock market debut, with shares of the company listed at Rs 221, a 4 per cent discount when compared with its issue price of Rs 230 per share on the National Stock Exchange (NSE) on Tuesday. On the BSE, the stock of household appliances started trade at Rs 225.