NewsEarningsEpack Prefab Technologies Reports Strong Q2 Growth with Net Profit Doubling Year-on-YearEpack Prefab Technologies Reports Strong Q2 Growth with Net Profit Doubling Year-on-Year
EPACK Prefab Technologies Limited reported impressive Q2 results with net profit increasing to 294.7 million rupees from 136.7 million rupees year-over-year. Revenue grew to 4.34 billion rupees from 2.68 billion rupees. EBITDA rose to 499.4 million rupees with margin improvement to 11.51%. The company's Prefab Division generated revenue of 4.05 billion rupees, while the EPS Division contributed 293.7 million rupees. EPACK recently completed its IPO, issuing 24.7 million equity shares at 204 rupees each, and increased its paid-up capital to 2.009 billion rupees.
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EPACK Prefab Technologies Limited, a leading player in the prefabricated construction industry, has reported robust financial results for the second quarter, showcasing significant growth in both revenue and profitability.
Epack Prefab Technologies delivered strong quarterly performance with net profit surging to 294.7 million rupees from 136.7 million rupees in the same period last year. Revenue grew significantly to 4.34 billion rupees compared to 2.68 billion rupees year-on-year. EBITDA increased to 499.4 million rupees from 285.3 million rupees, while EBITDA margin improved to 11.51% from 10.65% in the previous year period.
Key Financial Highlights
For Q2 (ended September 30), EPACK Prefab Technologies reported:
| Metric | Q2 | Q2 Previous Year | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 433.94 | 268.05 | 61.89% |
| Profit for the Period | 23.88 | 13.67 | 74.69% |
The company's performance for the first half was equally impressive:
| Metric | H1 | H1 Previous Year | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 729.28 | 536.99 | 35.81% |
| Profit for the Period | 39.89 | 27.56 | 44.74% |
All figures in crore rupees
Segment-wise Performance
EPACK Prefab Technologies operates in two main segments:
Prefab Division: This segment reported revenue of Rs 404.57 crore in Q2, contributing significantly to the overall growth.
EPS Division: The EPS division generated revenue of Rs 29.37 crore in Q2.
Recent Developments
Initial Public Offering (IPO): The company successfully completed its IPO, issuing 2.47 crore equity shares at Rs 204 per share. The shares were listed on NSE and BSE on October 1.
Increased Paid-up Capital: Following the IPO, EPACK Prefab's paid-up share capital increased from Rs 155 crore to Rs 200.9 crore.
Board Changes: The company approved a change in designation for Mr. Krishnan Ganesan from Nominee Director to Non-executive Non-independent Director, following the termination of the Shareholders' Agreement post-listing.
Financial Position
As of September 30, EPACK Prefab Technologies reported:
- Total Assets: Rs 1,408.98 crore
- Total Equity: Rs 690.06 crore
- Cash and Cash Equivalents: Rs 67.72 crore
Conclusion
The strong financial performance, successful IPO, and strategic developments position EPACK Prefab Technologies favorably in the prefabricated construction sector. The company's focus on both its Prefab and EPS divisions appears to be yielding positive results, as reflected in the substantial year-on-year growth in revenue and profitability.
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