This Consumer Durable stock is in focus after it recovered over 7 percent from its day low to trade in green amid negative market after making an announcement of entering into manufacturing of Washing Machines
Share Price Movement
With a market capitalization of Rs. 3,442 Crore, the stock of Epack Durable opened at Rs. 355, around the same level as yesterday’s close, and after opening, it made a high of Rs. 365.25, up 2.36 percent. Additionally, the stock reacted positively after the company’s announcement and recovered from its day low of Rs. 341 to reach a high of Rs. 365.
Update from Company
The company has announced that they are entering into Manufacturing Washing Machines for the Domestic market. They will make an approximate investment of Rs. 50 Crore, which will be funded on internal accruals.
The invested amount will be used to enhance the current production capacity, which is used for producing other durable products. After the enhancement, the company will be manufacturing 6,00,000 units per annum. The period within which the proposed capacity is to be added is approximately 1 year. Â
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Financial HighlightsÂ
The company reported a 35.12 percent YoY increase in revenue from Rs. 279 Crore in Q3FY24 to Rs. 377 Crore in Q3FY25. On a QoQ basis, the company reported no change in revenue from Rs. 377 Crore in the previous quarter. Their Net profit saw a decrease of 48.67 percent YoY from Rs. 4.89 Crore to Rs. 2.51 Crore for the same period. On a QoQ basis, the company reported a turnaround from a loss of 8.49 Crores.
About the Company
​EPACK Durable Limited, headquartered in Greater Noida, Uttar Pradesh, is a leading Indian Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) specializing in consumer electronics and home appliances. The company offers a diverse product range, including room air conditioners, induction cooktops, mixer grinders, and water dispensers.
Written By Abhishek Das
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