Euro Panel Products Reports Q1 Results, Approves Property Charges and Borrowing Power Increase
Euro Panel Products Limited, a manufacturer of Aluminium Composite Panels, reported significant growth in its Q1 FY24 results. The company's revenue from operations reached ₹1,176.06 crores, with a profit of ₹57.23 crores. The company successfully transitioned from NSE SME Emerge to the main boards of BSE and NSE, with shares listed on August 1. The Board approved initiatives for creating charges on properties for borrowing and increasing borrowing powers, subject to shareholder approval.
01Aug 25
Euro Panel Products Limited Achieves Milestone: First Indian ACP Manufacturer to List on BSE and NSE Mainboard
Euro Panel Products Limited, the company behind EUROBOND brand, has become the first Aluminium Composite Panel manufacturer to migrate from the SME board to the mainboard of both BSE and NSE. The company reported a 7% increase in product sales to INR 423.00 crore and a 26% increase in net profit to INR 18.00 crore. Euro Panel Products is expanding its production capacity, implementing sustainability initiatives, and has operations across 20 countries. The company's stock has appreciated by over 178% since its IPO in December 2021.