Consumer Electronics company Eureka Forbes announced Q3FY25 results Revenue from operations increased 11.0% YoY to Rs 597.8 crore. Continuing businesses grew higher at 11.3% YoY. Adjusted (Adj.) EBITDA increased 21.6% YoY to Rs 64.4 crore from Rs 52.9 crore in Q3FY24; Adj. EBITDA margin improved 94bps YoY to 10.8%. Adj. PBT (before exceptional items and ESOP) increased 28.7% YoY to Rs 52.6 crore from Rs 40.9 crore in Q3FY24. Profit After Tax increased 53.6% YoY to Rs 34.8 crore from Rs 22.7 crore in Q3FY24. Pratik Pota, MD & CEO, Eureka Forbes, said: “We are pleased to report the fifth successive quarter of double-digit growth in our continuing business which grew by 11.3% in Q3FY25. In the context of a relatively muted demand environment, the momentum in our product business continued and our product business sustained its double-digit growth. Our innovations in premium EWPs and Robotics were the key engines of growth. Our profitability improved and EBITDA margins for Q3 at 10.8% expanded by 94bps year on year. Profit after Tax grew 53.6% year on year. Looking ahead, our focus will remain on execution of our transformation strategy and we are confident that we will deliver sustained and profitable growth.” Result PDF
Consumer Electronics company Eureka Forbes announced Q2FY25 results Revenue from operations increased 13.6% YoY to Rs 672.9 crore. Continuing business grew higher at 14.7% YoY. Adjusted (Adj.) EBITDA increased 25.1% YoY to Rs 77.5 crore from Rs 62.0 crore in Q2FY24; Adj. EBITDA margin improved 106bps YoY to 11.5%. Adj. PBT (before exceptional items and ESOP) increased 36.2% YoY to Rs 65.1 crore from Rs 47.8 crore in Q2FY24. Profit After Tax increased 83.2% YoY to Rs 46.7 crore from Rs 25.5 crore in Q2FY24. The company got listed on the National Stock Exchange (NSE) on 11th September 2024; NSE scrip symbol - EUREKAFORB. Pratik Pota, MD, and CEO, Eureka Forbes, said: “Our transformation efforts continued to gain momentum with a strong performance in Q2FY25. Driven by a range of innovations across both Water and Cleaning, increased marketing investments and onset of an earlier festive season, we delivered a 14.7% continuing business growth in Q2, making this the fourth successive quarter of double-digit growth in our continuing business. Growth continued to be broad based and product business grew in excess of 20%. The impact of growth led to operating leverage benefits and despite the sharp step up in advertising investments, adjusted EBITDA margin expanded 106 bps and Profit after Tax grew 83% YoY. With strong double-digit growth for the last four consecutive quarters, and our transformation efforts continuing, we are excited about what lies ahead and remain confident of driving sustained and profitable growth in the future.” Result PDF