Page Industries Results Earnings Call for Q4FY23
Conference Call with Page Industries Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.25-05-2023
25-05-2023
PAGE INDUSTRIES LTD. - 532827 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report 31 March 202325-05-2023
PAGE INDUSTRIES LTD. - 532827 - Outcome Of The Board Meeting Held On 25 May 2023
1. Re-appointment of Mr. Shamir Genomal (DIN: 00871383) as Deputy Managing Director of the Company for another term of 5 years with effective from 1 September 2023, subject to the approval of Shareholders at the ensuing Annual General Meeting (AGM); 2. Appointment of Mr. Sanjeev Genomal (DIN: 01399731) as Additional Director of the Company with effective from 25 May 2023, subject to the approval of Shareholders at the ensuing Annual General Meeting (AGM); and 3. Change in Chief Financial Officer (CFO): Mr. Chandrasekar K, CFO who is retiring due to his superannuation from the company on 31 May 2023, and upon recommendation of the Nomination & Remuneration Committee and the Audit Committee, the Board of Directors appointed Mr. Deepanjan Bandyopadhyay as CFO of the Company with effective from 1 June 2023.25-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Page Industries Ltd.
Other Apparel & Accessories firm Page Industries announced Q4FY23 & FY23 results: Q4FY23: Q4FY23 Revenues stand at Rs 9,691 million in comparison to YoY Rs 11,111 million, a degrowth of 12.8% whereas QoQ was Rs 12,233 million, a degrowth of 20.8% Q4FY23 EBITDA stands at Rs 1,345 million as compared to YoY Rs 2,671 million, a degrowth of 49.7% & QoQ at Rs 1,928 million, a degrowth of 30.2% EBITDA margins stand at 13.9% compared to 24.0% YoY & 15.8% QoQ PAT stands at Rs 784 million as compared with YoY Rs 1,905 million, a degrowth of 58.9% & QoQ was Rs 1,237 million, a degrowth of 36.7% PAT margins are at 8.1% compared with YoY 17.1% (QoQ 10.1%) Net working capital stood at Rs 7,710 million, compared with YoY Rs 6,317 million (QoQ Rs 8,045 million) FY23: FY23 revenues stood at 47,886 million as compared to Rs 38,865 million in FY22, a growth of 23.2% Volumes are Rs 215.6 million compared with Rs 190.6 million in FY22, a 13.1% growth EBITDA stands at Rs 8,627 million as compared to Rs 7,855 million in FY22 a growth of 9.8% FY23 EBITDA margins are at 18.0% as compared to 20.2% in FY22 FY23 PAT is at Rs 5,712 million as compared to Rs 5,365 million in FY22 a growth of 6.5% FY23 PAT margin is 11.9% compared with 13.8% in FY22 Commenting on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, “We are pleased at the Company’s overall growth through the year despite a challenging economic climate and a general decrease in consumption. We consider this impact to be temporary and maintain a positive outlook on demand. Although the company experienced some impact on profitability due to higher inventory levels acquired during an inflationary period and lower than optimal capacity utilization, we taken several steps to address these issues. These measures include transitioning to a pull-based auto replenishment system, which allows for better management of inventory levels, and strengthening the supply chain planning to effectively manage the situation. We have confidence in our growth prospects, thanks to our efforts in expanding trade distribution, opening more exclusive brand outlets (EBOs), leveraging e-commerce, improving customer experience, strengthening our product portfolio and enhancing our supply chain." Result PDF25-05-2023
PAGE INDUSTRIES LTD. - 532827 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release & Investor Presentation25-05-2023
PAGE INDUSTRIES LTD. - 532827 - Audited Results 31 March 2023 And 4Th Interim Dividend 2022-23
Audited Results 31 March 2023 and 4th Interim Dividend 2022-2325-05-2023
Risk appetite of employees see sharp uptick, open to new job opportunities
Loyalty has lost its lustre for many workers as a significant percentage of employees in India are now open to being tempted away with the promise of better pay, flexibility and conditions, says a report. According to leading global recruitment firm Michael Page India's annual Talent Trends 2023 report, the talent market is in an universal flux as 98 per cent of all employees are open to new opportunities. "Companies can only confidently rely on fewer than 1 in 10 people in their current workforce to be retained this year," the report titled 'The Invisible Revolution' said. The report, which focused on critical trends and developments in the employment market, is based on the survey conducted on 70,000 participants globally, including 4,000 Indian respondents. The report highlighted the "cultural revolution" in the workplace in the last 12-18 months and said that 98 per cent of the skilled, white-collar professionals surveyed are open to new opportunities. "It is quite a staggerin19-05-2023
PAGE INDUSTRIES LTD. - 532827 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Details of Q4FY23 conference call for analysts and investors scheduled for Thursday, 25 May 2023 at 16:00 Hrs05-05-2023
PAGE INDUSTRIES LTD. - 532827 - Corporate Action-Board to consider Dividend
Board of Directors will consider declaration of 4th Interim Dividend to the Equity Shareholders of the Company for the financial year 2022-23 in the Board Meeting scheduled to be held on 25 May 202304-05-2023