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.
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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