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.
Improvement in the operating efficiency led to a surge in the Epack Durables' Ebitda, subsequently aiding profit despite lackluster growth in revenue.
Epack Durable Q3 Results Highlights (Consolidated, YoY)
Revenue up 1.24% at Rs 279.05 crore.
Ebitda up 454.2% at Rs 23.72 crore.
Margin up 695 basis point at 8.5%.
Net profit at Rs 4.89 crore vs loss of Rs 6.24 crore.
Shares of the company rose as much as 8.22% to Rs 201.50 apiece, the highest level since Feb 5. It was trading 6.07% higher at Rs 197.70 apiece, as of 10:14 a.m. This compares to a 0.55% advance in the NSE Nifty 50 Index.
It has declined 4.8% in 12 months. The relative strength index was at 41.30.
RECOMMENDED FOR YOU

AC Stocks Blue Star, Voltas Surge On GST Rate Cut Expectations


'Reduce' Manappuram Finance Shares Maintains Dolat Capital Post Q1 Results — Check Target Price

PG Electroplast Shares Plunge Nearly 15% As Q1 Net Profit Declines 20%


NTPC Green Energy Shares Swing After Q1 Profit Surges Nearly 60%
