Consumer Electronics firm Eureka Forbes announced Q3FY23 results: Q3FY23 & 9MFY23: For Q3FY23, revenue from operations stood at Rs 472 crore, down 8.9% on a YoY basis For Q3FY23, EBITDA stood at Rs 41.2 crore as against Rs (2.7) crore for Q3FY22. The benefits of improved productivity and cost optimization measures led to margin expansion of 924 bps YoY For Q3FY23, profit after tax stood at Rs 9.8 crore as against a loss after tax of Rs 9.7 crore in Q3FY22 As per the standalone results for 9MFY23, revenue from operations stood at Rs 1,572.3 crore, up 6.0% on a YoY basis During the quarter, Eureka Forbes launched new products in the premium segment for vacuum cleaners & water purifier categories. Commenting on the Q3FY23 performance, Mr. Pratik Pota, MD, and CEO, Eureka Forbes Limited said, “Q3 witnessed a softening of demand owing largely to inflationary pressures and a pullback by consumers on category spending. In this challenging environment, our focus remained on executing our key strategic priorities and driving efficiencies in the business model. We executed a set of specific cost initiatives that helped improve our operating margins by 924 bps YoY. While we are conscious that more work remains to be done here, the early margin improvement will allow us the headroom to invest for growth. We are in the early phase of an exciting transformation agenda. Looking ahead, we are confident that our strong brand and innovation capabilities, our omni-channel GTM and our nation-wide service network are foundational strengths that will help us drive sustained, profitable growth and create long term value for our shareholders.” Result PDF