Eureka Forbes Q3 Results: Profit Soars 52.5% to Rs 35 Crore
Eureka Forbes Ltd, a prominent health and hygiene products manufacturer, has announced a significant increase in its consolidated net profit for the December quarter. The company, now under the control of private equity firm Advent International, reported a 52.5% surge in profit.
Key Financial Highlights for Q3
- Net Profit: Increased to Rs 35.03 crore, a 52.5% rise from Rs 22.97 crore in the same quarter last year.
- Revenue from Operations: Grew by 10.8% to Rs 597.74 crore, up from Rs 539.43 crore in the corresponding quarter of FY24.
- Total Income: Rose by 11% to Rs 602.17 crore.
Detailed Analysis of Eureka Forbes' Performance
Profitability
Eureka Forbes' impressive net profit of Rs 35.03 crore demonstrates a substantial improvement compared to the Rs 22.97 crore reported in the same quarter of the previous fiscal year. This growth reflects the company's strong performance in the health and hygiene sector.
Revenue Growth
The company's revenue from operations reached Rs 597.74 crore, showcasing a solid increase compared to Rs 539.43 crore in the corresponding quarter of FY24. This growth is attributed to the increasing demand for Eureka Forbes' health and hygiene products.
Expenses
Eureka Forbes' total expenses climbed by 8.4% to Rs 554.86 crore in the December quarter. This increase is consistent with the company's revenue growth, indicating efficient cost management.
Market Reaction
Shares of Eureka Forbes Ltd were trading at Rs 548.40 apiece on the BSE in the afternoon, up 0.33% from the previous close. This positive market reaction reflects investor confidence in the company's performance and future prospects.
Overall, Eureka Forbes' Q3 results highlight a strong financial performance, driven by significant growth in net profit and revenue. The company's focus on health and hygiene products has positioned it well in the market, contributing to its continued success.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
0 comments:
Post a Comment