Page Industries Ltd's Q3FY19 standalone net profit rises 22.2% yoy to Rs102cr : In-line with Estimates
The company’s standalone revenue stood at Rs738cr, up 18.9% yoy and 6.9% qoq.
Feb 14, 2019 08:02 IST India Infoline Research Team
Page Industries Ltd Q3FY19
Standalone Results Q3FY19: (Rs. in cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 738.32 | 18.9 |
| EBITDA | 165.25 | 28.3 |
| EBITDA Margin (%) | 22.4 | 163 |
| Net Profit (adjusted) | 101.89 | 22.2 |
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Page Industries Ltd’s revenue grew by 18.9% yoy and 6.9% qoq to Rs738cr. EBITDA came in at Rs165cr, up 28.3% yoy and 15.7% qoq. EBITDA margin expanded by 163bps yoy and 171bps qoq to 22.38%. Adjusted PAT increased by 22.2% yoy and 10% qoq to Rs102cr. Adjusted PAT came in-line with estimate of Rs105cr.
• Cost of goods sold stood at 42.9% of sales vs. 44.4%.
• Employee benefit expenses stood at 15.8% of sales vs. 16.1% yoy.
• Other expenses stood at 18.9% of sales vs. 18.7% yoy.
• Other income for the quarter stood at Rs9cr vs. Rs5cr yoy, however on the other hand, tax rate for the quarter stood at 37.3% vs. 32.2% yoy.
Technical View:
Page Industries Ltd is currently trading at Rs. 21,880, down by 102.2 points or 0.46% from its previous closing of Rs. 21,982.20 on the BSE.
The scrip opened at Rs. 22,000 and has touched a high and low of Rs. 22,252.65 and Rs. 21,143 respectively. So far 41,153 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
