India's Eureka Forbes jumps after Q4 profit growth

Eureka Forbes

16/05/2025 08:56

** Shares of Eureka Forbes Ltd EURK.NS rise as much as 10.1% to 598 rupees

** Water, air purifier maker's Q4 consol net profit more than doubled y/y to 495 mln rupees ($5.8 mln); rev grew 10.7%

** Adj. EBITDA margin grew to 13% from 11.2% year ago driven by operating leverage, cost reduction

** Stock on track to gain for fourth straight day

** More than 1 mln shares traded as of 1:10 p.m. IST, 5x their 30-day moving avg

** Mean rating of stock is "strong buy"; their median PT is 635 rupees - data compiled by LSEG

** EURK last up 9.7%, cutting YTD losses to 6.3%

($1 = 85.5690 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))