Page Industries Ltd's Q4FY18 standalone net profit rises 41.08% yoy to Rs94.22cr : Beats Estimates

The company’s standalone revenue stood at Rs608.40cr, up 22.34% yoy but down 2.03% qoq.

May 25, 2018 10:05 IST India Infoline Research Team

Page Industries Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 608.40 22.3
EBITDA 146.84 50.8
EBITDA Margin (%) 24.14 456
Net Profit (adjusted) 94.22 41.1
***EBITDA margin change is bps


Reco. Price


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Page Industries Ltd’s revenue grew by 22.3% yoy to Rs608.4cr, however it declined by 2% on qoq basis. EBITDA came in at Rs146.9cr, up 50.8% yoy and 13.9% qoq. EBITDA margin expanded by 456bps yoy and 338bps qoq to 24.14%.  Adjusted PAT increased by 41.1% yoy and 13% qoq to Rs94.2cr. Revenue, EBITDA and PAT came above estimates of Rs596.4cr, Rs124.6cr and Rs79.9cr respectively. 

• Employee benefit expenses stood at 16.2% of sales vs. 20.3% yoy aiding in EBITDA margin expansion.
• Other expenses stood at 22.3% of sales vs. 24.6% yoy leading to profit growth.
• Finance cost declined by 21% yoy to Rs4.4cr.
• Depreciation and amortisation expenses grew by 15.5% yoy to Rs7.6cr.
• Tax expenses grew by 66.8% yoy to Rs47.9cr.

Technical View:

Page Industries Ltd is currently trading at Rs. 24,750, up by 1392.7 points or 5.96% from its previous closing of Rs. 23,357.30 on the BSE.
The scrip opened at Rs. 23,360 and has touched a high and low of Rs. 24,920 and Rs. 23,360 respectively. So far 60,052 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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