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
***EBITDA margin change is bps

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.

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