Page Industries records all-time-high Revenues and PAT with increasing market presence

11 Feb 2022 , 09:25 AM

Page Industries Limited (Jockey), India’s leading apparel manufacturer, announced its financial results for the quarter and nine months ended December 31, 2021, on Thursday. The company’s revenue rose 28.3% yoy at Rs11,898 million in Q3FY22, compared to Rs9,271 million in Q3FY21. EBITDA margin at 21.1 %, while at par with 21.5% qoq, compares with 24.4% yoy, due to raw material prices.

Profit After Tax (PAT) for Q3FY22 stood at Rs1,746 million; up 13.6% yoy from Rs1537 million in Q3FY21. PAT margin at 14.7%. Cash and cash equivalents at Rs5,560 million, up 13 % yoy. Liquidity continues to remain strong with robust cash flow management.

For 9MFY22, the company reported revenue at Rs27,754 million, up 42.2% yoy. Sales momentum has picked up significantly during FY22.  EBITDA margin at 18.7 %, compared with 18.3% yoy.

Reported Profit After Tax at Rs3,460 million; up 53.8% yoy. PAT margin at 12.5 %.

Durign early trade on Friday, Page Industries Ltd was trading at Rs40,981.65 per share up by Rs35.1 or 0.09% from its previous closing of Rs40,946.55 per share on the BSE.

“As we announce yet another best quarter with our highest-ever revenue and PAT, I am pleased to share that the sales momentum has picked up significantly across all our product categories backed by expansion in our portfolio and existing network. We are well poised on a growth trajectory and remain optimistic on delivering sustainable growth over the long-term.

E-commerce continues to witness an increasing trend and our investments in warehousing, technology and logistics support helped not only in strong execution but also in delivering profitable growth. With a strong and proven business model, wide product portfolio, efficient financial management and a very loyal customer base, we remain committed to continue creating value for our stakeholders,” Managing Director, Sunder Genomal, said.