Electronics Mart India hits record high on earnings boost

Electronics Mart India

11/08/2023 10:13

** Shares of Electronics Mart India  ELEO.NS  rise as much
as 8.70% to a record high of 125.55 rupees
    ** The Hyderabad-headquartered consumer electronics retailer
posts 48.2% Y/Y rise in consolidated net profit
    ** Revenue from operations up 20%; EBITDA as calculated by
Reuters up 34% to 1.30 bln rupees
    ** Trading volume is 5.53 mln shares as of 2:31 p.m. IST,
2.3 times the 30-day avg - Refinitiv data
    ** Including day's gains, ELEO up 42.43% in 2023 so far
compared to 7.6% rise in Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))