Consumer Electronics company Eureka Forbes announced Q1FY25 results: Revenue from operations increased 9.4% YoY to Rs 552.8 crore Continuing businesses grew higher at 10.8% YoY. Adjusted (Adj.) EBITDA increased 27.9% YoY to Rs 63.4 crore from Rs 49.6 crore in Q1 FY24; Adj. EBITDA margin improved 166bps YoY to 11.5%. Adj. PBT (before exceptional items and ESOP) increased 44.3% YoY to Rs 50.2 crore from Rs 34.8 crore in Q1 FY24. Profit After Tax increased 40.7% YoY to Rs 31.0 crore from Rs 22.1 crore in Q1 FY24. Commenting on the Q1FY25 performance, Pratik Pota, MD, and CEO, Eureka Forbes Limited said, "Despite a muted demand environment, we are pleased to report the third successive quarter of double-digit growth in our continuing business which grew by 10.8% in Q1. Growth was broad-based across both Water Purifier and Vacuum Cleaner categories and the service business, with our premium products across both Water and VCs being the engines of growth. We made progress on the profitability front too with EBITDA margins for Q1 reaching a lifetime high of 11.5%, an improvement of 166bps year on year. Looking ahead, we have strong conviction in our strategy and believe that we have the right set of plans to drive sustained and profitable growth in the future." Result PDF
Consumer Electronics company Eureka Forbes announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations increased 8.8% YoY to Rs 553.1 crore. Continuing businesses grew higher at 11.4% YoY. Adjusted (Adj.) EBITDA increased 30.6% YoY to Rs 61.9 crore from Rs 47.4 crore in Q4 FY23; Adj. EBITDA margin improved 186bps YoY to 11.2%, the highest ever Adj. PBT (before exceptional items and ESOP) increased 38.9% YoY to Rs 48.6 crore from Rs 35.0 crore in Q4 FY23. Profit After Tax increased 31.1% YoY to Rs 21.4 crore from Rs 16.3 crore in Q4 FY23. Adj. PAT (pre-ESOP) increased 81.0% YoY to Rs 29.5 crore from Rs 16.3 crore in Q4 FY23. FY24 Financial Highlights: Revenue from operations increased 5.2% YoY to Rs 2,189.2 crore. Continuing businesses grew at 7.9% YoY. Adj. EBITDA increased 71.9% YoY to Rs 226.3 crore from Rs 131.7 crore in FY23; Adj. EBITDA margin improved 401bps YoY to 10.3%. Adj. PBT (before exceptional items and ESOP) increased 156.8% YoY to Rs 172.0 crore from Rs 67.0 crore in FY23. Profit After Tax increased 435.5% YoY to Rs 91.5 crore from Rs 17.1 crore in FY23. Adj. PAT (pre-ESOP) increased 590.3% YoY to Rs 118.0 crore from Rs 17.1 crore in FY23. Commenting on the Q4 FY24 and FY24 performance, Pratik Pota, MD, and CEO, Eureka Forbes Limited said, “As we exit the first full year of our transformation program Udaan, I am pleased to report progress on multiple fronts. Continuing businesses grew by 11.4% in Q4 and by 7.9% for the year with H2 growth of 14.0%. Driven by operating efficiencies and leverage, EBITDA margins for Q4 reached a lifetime high of 11.2% - an improvement of 186bps year on year. For the FY, EBITDA margins expanded by 401bps to 10.3% in FY24 with a full year operational cash flow generation of Rs 194 crore. Transformation initiatives gathered momentum with the most visible impact in the areas of product innovations and consumer campaigns. Several new and industry first products were launched in all 3 categories of Electric Water Purifiers, Vacuum Cleaners and Air PurifieRs New launches were backed with advertising campaigns focused on driving penetration and category adoption. The progress we have achieved in the first year of our transformation and with momentum of a double-digit H2 growth and lifetime high margins in Q4 give us the confidence and the energy as we enter the next stage in this journey of transforming this iconic brand and Company to its rightful place.” Result PDF