Is Arc boats publicly traded?
As a privately held company, Arc Boats has no public stock price. Is Arc a public company? No, Arc is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ. What is Arc’s stock price? Arc is a privately held company and therefore does not have a public stock price.
Is boat profitable or not?
Imagine Marketing Limited, the parent company of popular wearable brand boAt, has reported its highest-ever revenue of Rs 3,377 crore for the fiscal year ending March 2023. Despite this remarkable achievement, the company, which had been profitable for eight consecutive years, faced a loss of Rs 129. FY23. At’s FY24 Loss Nearly Halves To INR 54 Cr. At managed to reduce its net loss by 47% to INR 53. Cr in the financial year 2023-24 (FY24) from INR 101 Cr in the previous fiscal year.At managed to reduce its net loss by 47% to INR 53. Cr in the financial year 2023-24 (FY24) from INR 101 Cr in the previous fiscal year. At also managed to turn EBITDA profitable in FY24. It posted an EBITDA of INR 14. Cr during the year under review as against an EBITDA loss of INR 50. Cr in FY23.Valuation and Financials During its attempt to go public, boAt produced an FY24 operating profit of INR 3,117. Cr coupled with a net loss of INR 79. Cr. The company’s revenue decreased 5% to ₹3,285 crore throughout FY24 as the company reduced its losses by 50% to reach ₹70.Revenue and Income: For the fiscal year ending March 31, 2024, boAt reported total revenue from operations at ₹3103 Cr, down from ₹3258 Cr in FY23. Net Loss Reduction: Despite a 5% decline in revenue, boAt successfully reduced its net losses by approximately 47%, from ₹100 Cr in FY23 to ₹53 Cr in FY24.
Is boat a good stock to buy?
Strengths: One of the largest Indian digital-first brands with leading market positions across multiple fast-growing product categories. Its flagship brand “boAt” is a consumer brand with strong market positioning. As a result, some of the most reliable boat brands include Azimut Yachts, Boston Whaler, Ferretti, Princess, Sunseeker and Viking, among others.