EPACK Durable Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
EPACK Durable Limited Reports 35% YOY Growth in Revenues in Q3-FY25
01 Feb 2025 · 1 Feb 2025, 04:38 am
Summary
EPACK Durable Limited, India's leading room air conditioner and other small domestic appliances original design manufacturer, announces its results for the quarter and 9 months ended December 31, 2024. The company reported a 35% YoY growth in revenues for Q3-FY25, with EBITDA margin at 6.4% and net profit at INR 25 Mn. The revenue increase was supported by strong industry demand and addition of new customers across all segments. However, EBITDA growth was lower due to higher costs related to the new Sricity plant. The Product business contributed to 98% of the total revenue, with Room Air Conditioners contributing 66%. The company is ramping up capacity utilisation at the Sricity plant and expects to reach optimum levels in coming quarters, which will contribute considerably well to margins.
Key Highlights
- 1
35% YoY growth in Q3-FY25 revenues
- 2
EBITDA margin at 6.4% for Q3-FY25
- 3
Revenue increase supported by strong industry demand and new customers
- 4
Lower EBITDA growth due to higher costs at new Sricity plant
- 5
Revenue from Room Air Conditioners contributed 66% of total product revenue
Management Comments
Ajay DD Singhania
We had a strong performance in Q3-FY25 due to the strategic initiatives taken by the company and meeting the strong industry tailwinds. We have added various new customers this quarter and a better product mix of sales resulting in better EBITDA Margins and profitability vis-a-vis previous quarter. The capacity utilisation at Sricity plant is gradually being ramped up as we gear up to meet customers’ demand with enhanced production efficiency to support the growing needs of key customers across multiple product categories, and as we reach optimum utilization levels in coming quarters this plant will contribute considerably well to our margins.
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