Eureka Forbes Ltd - 543482 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lunolux Ltd
Eureka Forbes Stake Sale: Goldman, Cassini, Morgan Stanley Among Buyers
Goldman Sachs India Equity Portfolio mopped up 23.45 lakh shares, representing 1.2% equity, for Rs 118.4 crore. Eureka Forbes Ltd - 543482 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 please find the transcripts of the earnings call held on Thursday, February 15, 2024. Eureka Forbes Ltd - 543482 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Discovery Fund Ltd Eureka Forbes Ltd - 543482 - Disclosure Under Reg 30 Of SEBI (LODR) - Presentation Made At Analysts/Institutional Investors'' Meet
Pursuant to Reg 30 of SEBI (LODR) and in continuation to our letter no. EFL/BSE/2023-24/89 dated February 12, 2024, please find enclosed herewith the presentation made at the Analysts/Institutional Investors'' Meet held on February 16, 2024. This is for your information and records. Eureka Forbes Ltd - 543482 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find Newspaper Publication for Financial Results for the Quarter and Nine Months ended December 31, 2023 Eureka Forbes Ltd - 543482 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that audio recording of the conference call held with Analysts/Investors on Thursday, February 15, 2024, has been uploaded on the Company''s website. Eureka Forbes Ltd - 543482 - Intimation Of Schedule Of Analyst/Instituional Investor Meeting Under Regulation 30 Of Securities And Exchange Of Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to the above, the Company wished to inform that the representatives of the Company is going to attend conference on February 20, 2024
Eureka Forbes Q3 profit triples to Rs 23 crore
The company had clocked a profit of Rs 6.85 crore in October-December FY23, according to a regulatory filing by the company now controlled by private equity firm Advent International. Q3FY24 Quarterly Result Announced for Eureka Forbes Ltd.
Consumer Electronics company Eureka Forbes announced Q3FY24 results: Financial Performance Highlights Revenue: Eureka Forbes reported a YoY revenue increase of 14.1% in Q3FY24, amounting to Rs 538.6 crore, with the continuing business posting a 16.8% growth. Adjusted EBITDA: The adjusted EBITDA showed a significant rise of 28.6% compared to Q3FY23, reaching Rs 52.9 crore. The adjusted EBITDA margin also improved by 111 basis points, indicating a more profitable quarter. Adjusted PBT: Adjusted Profit Before Tax (PBT) saw an uptick of 45.6% YoY, arriving at Rs 40.9 crore, up from Rs 28.1 crore in Q3FY23. Profit After Tax (PAT): The PAT skyrocketed by 131.3% YoY, settling at Rs 22.7 crore compared to Rs 9.8 crore in the same quarter of the previous fiscal year. Adjusted PAT: When adjusted for pre-ESOP expenses, PAT increased by an impressive 213.5% YoY to Rs 30.7 crore. Business Operations Highlights The revenue growth was broad-based across both product categories (water purifiers and vacuum cleaners) and service business. The quarter also marked the third consecutive period of volume growth in the mentioned categories, showcasing sustained demand and sales strength. New product launches across all categories were highlighted, including Slimtech Glass UV Water Purifiers, Zero Bend Vacuum Cleaners, Forbes Buddy Pet Grooming Kit, and Surround 360 Air Purifiers. Balance Sheet and Credit Rating Highlights The company successfully transformed from a net debt position of Rs 122 crore in Q3FY23 to a net cash surplus of Rs 60 crore. Eureka Forbes Limited received an upgrade in its credit rating from CARE A Stable to CARE A+ Stable, reflecting improved financial health and creditworthiness. Commenting on the Q3FY24 performance, Pratik Pota, MD, and CEO, Eureka Forbes said, “Q3 witnessed a step up in our growth and revenue grew 14.1% with continuing businesses growing at 16.8%. Growth was volume-led and was broad-based across product categories and service business. Within water purifiers, we witnessed strong growth in both Economy segment and Value Added segments while growth in vacuum cleaners was led by the Robotics range. EBITDA margins improved year on year to 9.8% and we had a cash surplus of Rs 60 crore vs a net debt of Rs 122 crore last year. Our transformation initiatives continued to gain momentum in the quarter. In Q3, this was most visible in our product innovations and product launches were made in all the 3 categories of water purifiers, vacuum cleaners and air purifiers. Looking ahead, we are confident that our transformation strategy will deliver results and lead to sustained, profitable growth in the future.” Result PDF