Page Industries' Q2 net profit increases marginally to Rs 162 crore

11 Nov 2022 , 10:00 AM

The net profit of clothing producer Page Industries Ltd for the second quarter ended September 2022 increased marginally to Rs 162.12 crore, the company stated on Thursday. According to a BSE filing by Page Industries Ltd (PIL), the business reported a net profit of Rs 160.48 crore from July through September of last year. Its operating revenue increased by 15.77% to Rs 1,255.01 crore during the quarter under review.

PIL generated Rs 1,084.01 crore in operating income during the quarter from July to September of FY22. Its overall spending for the September quarter increased 19.5% to Rs 1,045.14 crore.

Jockey International Inc (USA) has granted Page Industries the exclusive right to manufacture, distribute, and market products in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, the Maldives, Bhutan, and the United Arab Emirates. It also holds Speedo International’s sole license for the Indian market. On the BSE, Page Industries Ltd. shares closed at Rs. 48,893.20, down 1.36 % from the previous close.

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