Page Industries Q3 results: Net profit up 23% at Rs 152 crore

Total revenue of the company was Rs 1,229 crore, increasing 2.4 percent.
08-02-2024
Bigul

Q3FY24 Quarterly & 9MFY24 Result Announced for Page Industries Ltd.

Apparels & Accessories company Page Industries announced Q3FY24 & 9MFY24 results: Financial Highlights for Q3FY24: Sales volumes witnessed a 4.6% YoY growth, reaching 55.2 million pieces. Revenue reached Rs 12,288 million, showing a year-over-year increase of 2.4%. EBITDA for the quarter amounted to Rs 2,352 million, marking a growth of 19.1% compared to the previous year, with healthy margins of 18.6%. The impact of investments in digital transformation and marketing initiatives was balanced by favorable input costs and operational expenses optimization. Profit After Tax (PAT) was Rs 1,524 million, indicating a significant increase of 23.1% compared to the same period last year, with PAT margins at 12.3%. Financial Highlights for 9MFY24: Revenue totaled Rs 35,863 million, reflecting a 4.4% decline, attributed to the subdued performance in the early part of the fiscal year. EBITDA recorded at Rs 7,051 million, with a slight 3.2% decline YoY. PAT stood at Rs 4,610 million, down by 6.5% YoY. Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “I am pleased to share that the Company has successfully navigated the complexities of mixed demand trends in the retail sector, a landscape marked by a significant shift in consumer spending patterns. Our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in robust margins and enhanced profitability. We have seen early signs of stabilizing revenue in Q3 on the back of our adaptive strategies in response to the market's evolving demands. Our concerted efforts to optimise operational efficiency, have been pivotal in enabling us to achieve an impressive 23.1% growth in PAT for Q3. With continued investments in expanding the distribution network and enhanced e-commerce capabilities, we are geared to seize long-term growth opportunities. We are well-positioned to continue this trajectory of growth, leveraging operational efficiencies and strategic investments to deliver value to our stakeholders.” Result PDF
08-02-2024
Bigul

PAGE INDUSTRIES LTD. - 532827 - Corporate Action-Board approves Dividend

Declared Interim Dividend of Rs.100 per share
08-02-2024
Bigul

PAGE INDUSTRIES LTD. - 532827 - Unaudited Financial Results 31 December 2023

Unaudited Financial Results 31 December 2023, Limited Review Report and 3rd Interim Dividend 2023-24
08-02-2024
Bigul

PAGE INDUSTRIES LTD. - 532827 - Corporate Action-Board to consider Dividend

Board of Directors at their meeting schedule on 8 February 2024 consider the declaration of 3rd Interim Dividend 2023-24. In case the said Interim Dividend is declared the record date will be 16 February 2024.
16-01-2024
Bigul

PAGE INDUSTRIES LTD. - 532827 - Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 31 December 2023, 3Rd Interim Dividend 2023-24 And Record Date

PAGE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/02/2024 ,inter alia, to consider and approve Unaudited Financial Results for the quarter ended 31 December 2023, 3rd Interim Dividend 2023-24 and Record Date
16-01-2024
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