Shares of EPack Durable slid 5% on November 13 as the company reported a wider Q2 net loss of Rs 8.5 crore, up from Rs 6.1 crore in the previous year. By 9:30 AM, the stock was trading at Rs 462.50, despite having doubled in value year-to-date.
Key Financials:
- Revenue Growth: Revenue more than doubled to Rs 377 crore, driven by high demand, an extended summer season, and new customers.
- Expenses: Total costs surged to Rs 392.8 crore, adding pressure to the bottom line.
- Room Air Conditioners (RAC): Contributed 70% of product revenue, with a 187% YoY growth.
- EBITDA: Operating EBITDA grew by 25% YoY to Rs 9.6 crore, though margins contracted to 2.55%.
Half-Year Highlights:
For H1FY25, EPack’s revenue grew 87% to Rs 1,150.8 crore, driven by increased utilization at its new plants in Sricity and Bhiwadi, meeting growing demand more efficiently. H1FY25 net profit rose significantly by 452% to Rs 14.9 crore.
Managing Director Ajay DD Singhania highlighted that EPack’s expansion in the Room Air Conditioners and Small Home Appliances segments, combined with in-house production capabilities, helps reduce costs and improve quality.
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Source: Moneycontrol
News Desk
