Epack Durable shares drop 4% following the release of its Q3 financial results. As of 11:02 AM, the shares were trading 4.77% lower at Rs 441.15.
The company reported a significant 48.86% decline in its consolidated net profit, which stood at Rs 2.5 crore for the December 2024 quarter. This is a sharp drop from the Rs 4.89 crore profit posted during the same period in the previous year.
Despite the profit slump, Epack Durable’s revenue from operations saw a notable increase of 35% year-on-year, reaching Rs 376.83 crore in Q3, up from Rs 279.05 crore in the corresponding quarter of 2023. Total income, which includes other income, also grew by 35.8%, reaching Rs 381.70 crore.
However, the company faced a rise in expenses, with total expenses for the quarter increasing by 37.73% to Rs 377.28 crore, which impacted its bottom line.
EPACK Durable shares opened at ₹440.20 today, reflecting a decline from the previous close of ₹463.35. The stock reached a high of ₹448.50 and matched its low at ₹440.20. Over the past 52 weeks, the stock has seen a low of ₹150.60 and a high of ₹669.95, showing significant volatility.
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