Capital Market
Capital Market

Epack Durable jumps after reporting turnaround Q3 numbers

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.

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Ndtv Profit
NDTV Profit

Epack Durables Shares Surge Over 8% After Reporting Profit In Q3

Shares of EPACK Durable Ltd surged over 8% on Friday after registered a return to profit in the third quarter.

The home appliances 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.

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The Economic Times 2
The Economic Times

What EPack Durable’s MD has to say on Q3 turnaround, debt and stock’s tepid show

EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company’s turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company’s falling debts, IPO proceeds and stock’s performance,

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Cnbc Tv18
CNBC TV18

Epack Durable IPO opens for subscription: Should you bid or skip?

EPACK Durable has a 24% market share in terms of domestically manufactured units by original design manufacturer (ODM) in FY23. The plants are vertically integrated and automated would improve the margins going forward. The IPO proceeds of ₹230 crore would be used for capacity expansion would lead to incremental business going forward.

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