EPACK Durable Reports Over Two-Fold Jump in Quarterly Profit

EPACK Durable, an outsourced design manufacturer of room air conditioners, reported a substantial rise in its consolidated net profit for the June 2024 quarter, reaching Rs 23.40 crore. This marks a significant increase from Rs 8.73 crore in the same quarter last year. The company's revenue from operations also saw a sharp rise of 77.16%, while total expenses increased by 75.84%. Shares of EPACK Durable closed at Rs 273.05, up 2.40% on Wednesday.

EPACK Durable, a prominent outsourced design manufacturer of room air conditioners, reported a significant increase in its consolidated net profit for the June 2024 quarter, achieving Rs 23.40 crore. This is more than double the Rs 8.73 crore reported in the same quarter last year, according to their regulatory filing.

The company's revenue from operations surged by 77.16 per cent to Rs 773.67 crore, compared to Rs 436.70 crore in the previous year. However, total expenses also saw a substantial rise, increasing by 75.84 per cent to Rs 747.31 crore.

EPACK Durable's total income for the June quarter was Rs 779.80 crore, up 78.24 per cent year-on-year. On Wednesday, shares of the company closed at Rs 273.05 apiece on the BSE, marking a 2.40 per cent increase.

(With inputs from agencies.)