Bigul

PAGE INDUSTRIES LTD. - 532827 - Closure of Trading Window

Trading window closure from 01 Jan 2024
27-12-2023

Neutral Page Industries; target of Rs 37,400 : Motilal Oswal

Motilal Oswal recommended Neutral rating on Page Industries with a target price of Rs 37,400 in its research report dated November 09, 2023.
14-11-2023
Bigul

Broker's call: Page Ind (Add)

Centrum Broking
10-11-2023
Bigul

PAGE INDUSTRIES LTD. - 532827 - Resignation Of Mr. Gagan Sehgal, Chief Operating Officer

Resignation of Mr. Gagan Sehgal, Chief Operating Officer w.e.f. 8 March 2024
09-11-2023
Bigul

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

Board has approved a 2nd interim dividend 2023-24 of Rs. 75/- per share
09-11-2023
Bigul

Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Page Industries Ltd.

Apparels & Accessories company Page Industries announced Q2FY24 & H1FY24 results: Q2FY24: EBITDA margin achieved was 20.8% despite sluggish demand as reflected in YoY lower sales volume and value by 8.8% and 8.4% respectively. Sales volume was 51.8 million pieces, and sales revenue was Rs 11,251 million. EBITDA was Rs 2,335 million lower by 1.8% YoY Profit after Tax was Rs 1,503 million, lower by 7.3% YoY PAT margin is 13.4% H1FY24: H1FY24 revenue at Rs 23,575 million, down 7.6% YoY EBITDA was Rs 4,754 million, down 11.2% YoY Profit after tax was Rs 3,086 million, degrowth of 16.4% YoY Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “Despite prevailing macro headwinds and market conditions, operational efficiency and stable raw material costs have ensured robust EBITDA margin of 20.8% in Q2. We firmly believe these challenges are transient and continue to invest in technology, enhancing brand awareness, and expanding our market presence, while ensuring a healthy operating margin. We continue to focus on sustainable sales practices while taking measures to optimize inventory. Result PDF
09-11-2023
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