PAGE INDUSTRIES Announces Quarterly Results (1QFY22); Net Profit Up 127.7%

Mon, 16 Aug

PAGE INDUSTRIES has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

PAGE INDUSTRIES Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-20*	3 Mar-21*	3 Jun-21*	QoQ Change	YoY Change
Net Sales	Rs m	2,848	8,808	5,015	-43.1%	76.1%
Other income	Rs m	61	56	36	-36.0%	-41.2%
Turnover	Rs m	2,909	8,863	5,051	-43.0%	73.7%
Expenses	Rs m	3,195	7,110	4,673	-34.3%	46.3%
Gross profit	Rs m	-347	1,698	342	-79.9%
Depreciation	Rs m	160	156	159	2.0%	-0.9%
Interest	Rs m	77	72	73	2.6%	-4.2%
Profit before tax	Rs m	-524	1,526	145	-90.5%
Tax	Rs m	-128	371	36	-90.4%
Profit after tax	Rs m	-396	1,156	109	-90.5%
Gross profit margin	%	-12.2	19.3	6.8
Effective tax rate	%	24.5	24.3	24.6
Net profit margin	%	-13.6	13.0	2.2

Year-on-Year Performance:

• The company's operating income during the quarter grew 76.1% on a year-on-year (YoY) basis. The expenses were up by 46.3% YoY during the same period.
• The company's operating profit declined by 198.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.8% in 1QFY22 as against 12.2% in 1QFY21.
• Depreciation charges declined by 0.9% and finance costs declined by 4.2% YoY, respectively.
• Other income declined by 41.2% YoY during the quarter.
• Net profit for the quarter increased by 127.7% YoY. Net profit margins during the quarter increased from -13.6% in 1QFY21 to 2.2% in 1QFY22.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 43.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 34.3% QoQ during the same period.
• The company's operating profit declined by 79.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.8% in 1QFY22 as against 19.3% in 4QFY21.
• Net profit for the quarter declined by 90.5% QoQ, while net profit margins declined from 13.0% in 4QFY21 to 2.2% in 1QFY22.

To see how PAGE INDUSTRIES has performed over the last eight quarters,please visit here.

Vote Now or Never: India's most trusted corporate. Click here.

PAGE INDUSTRIES Share Price Performance

Over the last one year, PAGE INDUSTRIES share price has moved up from Rs 18,955.3 to Rs 30,290.0, registering a Gain of Rs 11,334.7 or around 59.8%.

Overall, the S&P BSE SENSEX is up 44.8% over the year.

Current Valuations

At the current price of Rs 30,290.0, the price to earnings (P/E) ratio of PAGE INDUSTRIES stands at 86.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 38.2 times.