Page Industries Ltd's Q1FY19 standalone net profit rises 45.88% yoy to Rs124.44cr: Beats Estimates

The company’s standalone revenue stood at Rs815.26cr, up 17.0% yoy and 34% qoq.

Aug 09, 2018 08:08 IST India Infoline Research Team

Page Industries Ltd Q1FY19

Standalone Results Q1FY19: (in Rs. cr)

Q1FY19 YoY (%)
Revenue 815.26 17.0
EBITDA 189.27 38.6
EBITDA Margin (%) 23.22 363
Net Profit (adjusted) 124.44 45.9
***EBITDA margin change is bps

Page Industries Ltd’s revenue grew by 17% yoy and 34% qoq to Rs815cr. EBITDA came in at Rs189cr, up 38.6% yoy and 28.9% qoq. EBITDA margin expanded by 363bps yoy and contracted by 92bps qoq to 23.22%. Adjusted PAT increased by 45.9% yoy and 32.1% qoq to Rs124cr. EBITDA and Adjusted PAT beat estimates of Rs172cr and Rs114cr, respectively. 

• Cost of goods sold stood at 45.1% of sales vs. 45.8% yoy, aiding EBITDA margin expansion.
• Employee benefit expenses stood at 13.2% of sales vs. 14.5% yoy, driving profitability.
• Other expenses stood at 18.5% of sales vs. 20.1% yoy.
• Finance cost declined by 11.2% yoy to Rs4cr.
• Depreciation and amortisation expenses grew by 8.9% yoy to Rs7cr.
• Tax expenses grew by 37.8% yoy to Rs61cr.

Technical View:

Page Industries Ltd is currently trading at Rs. 31,290.80, up by 1036.75 points or 3.43% from its previous closing of Rs. 30,254.05 on the BSE.
The scrip opened at Rs. 30,300 and has touched a high and low of Rs. 31,600 and Rs. 29,750, respectively. So far, 38,689 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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