Waste Management stock engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators and many more jumped upto 3 percent in the day’s following 96 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 487 Crores, the shares of Namo Ewaste Management Limited were trading at Rs. 213 per equity share, down 3.55 percent from its previous day’s close price of Rs. 220.90.
Half Yearly Results
Coming the revenue generated from operations on a half-yearly basis it grew by 88 percent YoY from Rs. 35.55 Crores in H1FY24 to Rs. 66.83 Crores in H1FY25.
Accompanied by revenue from operations its Net Profit on a half-yearly basis grew by 96 percent YoY from Rs. 2.72 Crores in H1FY24 to Rs. 5.34Crores in H1FY25.
About the Company
Namo eWaste Management is an ISO-certified company engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and many more.
Coming to the revenue breakup, it generates 70 percent of its revenue from Electronic Recycling, Refurbishment 13 percent, and Extended Producer Responsibility (EPR) Services 17 percent.
As part of its expansion process it is funding its subsidiary, Techeco Waste Management LLP, to establish a Lithium Battery Recycling Plant in Nashik which will be used to recycle waste lithium batteries, such as cellphone laptop batteries, cylindrical batteries, EV batteries, soft battery pouch, scrap leftover material of cathode and many more.
Written by Bharath KS
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