India's Ethos hits record high on surge in June quarter earnings

Prospector Metals

07/08/2023 08:41

** Shares of Ethos  ETHO.NS  surge as much as 17.34% to a
record high of 1,700 rupees
    ** Uptick after the luxury and premium watch retailer
reports 39.7% year-on-year rise in net profit to 181.57 mln
rupees in June quarter
    ** Revenue from operations up ~32% Y/Y to 2.30 bln rupees
    ** EBITDA (earnings before interest, taxes, depreciation and
amortisation), as calculated by Reuters, rises to 339.21 mln
rupees from 270.22 mln rupees Y/Y
    ** Stock most active in nearly three months with a trading
volume of 377,245 shares as of 1:05 p.m. IST, seven times the
30-day avg - Refinitiv data
    ** ETHO up 55.73% in 2023 so far compared to 8.15% rise in
Nifty 50 index  .NSEI 

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