EPACK Durable Shares Hit Lower Circuit of 5% After Release of Q2 FY25 Results

EPACK Durable Limited, India’s leading original design manufacturer of room air conditioners and other small domestic appliances, has reported its financial results for the quarter and half-year ended September 30, 2024.

EPACK Durables Q2FY25 Highlights

In Q2 FY25, the company witnessed a significant revenue growth of 112% year-on-year (YoY), driven by strong industry demand, an extended summer season, and the addition of new customers. EBITDA also grew by 25% YoY, reflecting higher sales. The product business continued to be the major revenue driver, contributing 98% of total revenues. Notably, the revenue from room air conditioners accounted for 70% of the total product revenue and grew by 187% on a YoY basis.

EPACK Durables 1HFY25 Highlights

For the first half of FY25, EPACK Durable reported an 87% YoY increase in revenue, supported by the strong growth momentum fueled by key strategic initiatives. The commissioning of the Sricity plant and the improved capacity utilization of the Bhiwadi plant were key factors in expanding the company’s manufacturing capabilities to meet rising demand. These initiatives have bolstered EPACK’s positioning and growth potential in the competitive market. EBITDA for the first half of FY25 rose by 66% YoY, driven by higher sales. The product business continued to dominate, contributing 98% of total revenues.

The revenue from room air conditioners accounted for 81% of total product revenue and grew by 101% YoY. Additionally, the Sricity plant has now become operational across all product lines, further enhancing the company’s manufacturing capacity.

Commenting on the results, Managing Director & CEO, Ajay DD Singhania commented: “EPACK Durable’s strategic focus on a diversified customer base and expanded production capabilities demonstrates its commitment to capturing new business opportunities in the RAC and Small Home Appliances markets. Full backward integration further strengthens its competitive advantage, allowing the company to produce critical components in-house, thereby improving cost efficiency and quality control. With a nationwide presence, EPACK Durable is well-positioned to meet customer needs promptly across India, enhancing both operational flexibility and market reach. This proactive approach supports the company’s vision for growth and adaptability in an evolving market landscape.” 

On November 13, 2024, EPACK Durable shares opened at ₹464.05 and touched the day low of ₹464.05 at 09:45 AM, reflecting a fall of 5% from the previous close.

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