EPACK Durable Limited — Updates, 31-01-2025: Press Release

EPACK Durable Limited reported a robust 35% year-over-year revenue growth for the quarter and 71% growth for the nine months ending December 31, 2024. Consolidated revenues reached INR 3,768 Mn for Q3 FY25, while nine-month revenues totaled INR 15,276 Mn. Although EBITDA saw a modest year-on-year increase of 1.3% to INR 240 Mn, it surged 150% quarter-on-quarter, driven by an improved product mix. The EBITDA margin declined slightly to 6.4% year-on-year.

Notably, net profit for Q3 dipped by 49% year-on-year to INR 25 Mn, despite a significant 129% rise compared to the previous quarter. Room air conditioners currently represent 66% of total product revenue, demonstrating a strong 37% increase year-over-year. Management highlighted the strategic initiatives underlying the growth and improved capacity utilization at the Sricity plant, which is expected to enhance margins as operations ramp up. Investors should monitor the company's continued focus on customer acquisition and production efficiency, which position it for further growth opportunities.