Net profit of Eureka Forbes rose 52.59% to Rs 35.05 crore in the quarter ended December 2024 as against Rs 22.97 crore during the previous quarter ended December 2023. Sales rose 10.81% to Rs 597.74 crore in the quarter ended December 2024 as against Rs 539.43 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales597.74539.43 11 OPM %9.897.92 - PBDT62.3943.97 42 PBT47.3130.60 55 NP35.0522.97 53 Powered by Capital Market - Live

Eureka Forbes will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live

CARE Ratings stated that the revision in the rating assigned to long-term bank facilities and issuer rating of Eureka Forbes (EFL) factors in the significant and sustained improvement in scale of operations and profitability in the last two years led by cost rationalisation and productivity improvement initiatives taken by its management. The industry outlook for water purifier and vacuum cleaner segments continues to be robust with increasing urbanisation, income levels, higher participation of female labour in workforce, and rising emphasis on health and hygiene among others. EFL is the market leader in water purifier and vacuum cleaner segments with a market share of over 40% and 60% respectively and has been gaining market share over the last two years (per the management articulation). Driven by strong industry outlook EFL is expected to sustain the growth momentum in scale and profitability with minimal reliance on external debt. The rating continues to derive strength from established brand presence and leadership position in water purifiers and vacuum cleaners' market in India with its well-established nationwide distribution network, optimal utilisation of existing installed capacity, experienced board members and management team, and strong liquidity position. However, rating strengths are tempered by susceptibility to raw material price volatility and presence in highly competitive market with changing market dynamics and customer preferences. Eureka Forbes is engaged in the health and hygiene segment with product profile comprising water purifiers, vacuum cleaners, air purifiers and home security systems. The scrip had declined 1.59% to end at Rs 578.85 on the BSE on Friday. Powered by Capital Market - Live

Eureka Forbes has received upgrade in credit rating for long term bank facilities and issuer rating from CARE A+; Stable to CARE AA-; Stable. Powered by Capital Market - Live

The key equity indices continued to trade in a narrow range near the flat line in afternoon trade. The Nifty hovered above the 23,700 level. Realty shares declined for the second consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex was down 11.29 points or 0.01% to 78,461.58. The Nifty 50 index added 12.50 points or 0.05% to 23,740.15. In the broader market, the S&P BSE Mid-Cap index fell 0.30% and the S&P BSE Small-Cap index declined 0.38%. The market breadth was negative. On the BSE, 1,577 shares rose and 2,356 shares fell. A total of 108 shares were unchanged. Buzzing Index: The Nifty Realty index shed 0.67% to 1,067.50. The index shed 0.76% in past two trading sessions. Brigade Enterprises (down 1.74%), Raymond (down 1.52%), Phoenix Mills (down 1.17%), Prestige Estates Projects (down 0.9%), Godrej Properties (down 0.58%), Sobha (down 0.55%), DLF (down 0.53%), Mahindra Lifespace Developers (down 0.4%) slipped. On the other hand, Macrotech Developers (up 0.45%) and Oberoi Realty (up 0.44%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper gained 1.73% to 6.893 as compared with the previous close of 6.776. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.27, compared with its previous close of 85.15 during the previous trading session. MCX Gold futures for 5 February 2025 settlement rose 0.48% to Rs 76,634. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 108.21. The United States 10-year bond yield advanced 0.57% to 4.614. In the commodities market, Brent crude for February 2025 settlement added 28 cents, or 0.38% to $73.45 a barrel. Stocks in Spotlight: Ace Software Exports hit an upper circuit of 2% after the company has signed a letter of intent (LoI) with a reputed international entity based in the United Kingdom to explore the establishment of a joint venture. Eureka Forbes (EFL) added 1.54% after the firm said that CRISIL Ratings assigned its 'CRISIL AA-/Stable' corporate credit rating to the company. CRISIL Ratings stated that the rating reflects the group's leading position in domestic health & hygiene segment, established marketing network, healthy financial profile and efficient working capital cycle and healthy operating cash flows. Powered by Capital Market - Live

Eureka Forbes announced that CRISIL has assigned corporate credit rating of CRISIL AA-; Stable to the company. Powered by Capital Market - Live

CRISIL Ratings stated that the rating reflects the group's leading position in domestic health & hygiene segment, established marketing network, healthy financial profile and efficient working capital cycle and healthy operating cash flows. These strengths are partially offset by its intense competition in the consumer durables sector in India. Eureka Forbes along with its subsidiaries & step-down subsidiaries is engaged in manufacturing, selling, renting & servicing vacuum cleaners, water filters cum purifiers, air purifier, etc. The group market its water purifiers under the brand name 'Aquaguard', vacuum cleaners under the brand 'Euroclean' and air purification system under the brand 'Euroair'. Powered by Capital Market - Live

Net profit of Eureka Forbes rose 84.71% to Rs 47.71 crore in the quarter ended September 2024 as against Rs 25.83 crore during the previous quarter ended September 2023. Sales rose 13.81% to Rs 673.14 crore in the quarter ended September 2024 as against Rs 591.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales673.14591.45 14 OPM %10.868.81 - PBDT74.8051.02 47 PBT60.7437.78 61 NP47.7125.83 85 Powered by Capital Market - Live

Eureka Forbes today announced the listing of its shares on the National Stock Exchange (NSE). The scrip code of Company has also undergone a change. The shares were previously listed only on the Bombay Stock Exchange (BSE) under the scrip code EUREKAFORBE. With the listing on NSE, the scrip code is now EUREKAFORB on both the stock exchanges.Powered by Capital Market - Live

Net profit of Eureka Forbes rose 26.33% to Rs 32.15 crore in the quarter ended June 2024 as against Rs 25.45 crore during the previous quarter ended June 2023. Sales rose 9.62% to Rs 553.38 crore in the quarter ended June 2024 as against Rs 504.81 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales553.38504.81 10 OPM %10.1710.00 - PBDT56.9749.06 16 PBT43.1835.65 21 NP32.1525.45 26 Powered by Capital Market - Live