Page Industries Ltd, India’s leading apparel manufacturer has announced its financial results for the quarter and half year ended September 30, 2021 on Thursday.
Financial Highlights for Q2FY22 - Revenue at Rs1084cr, up 46.4% yoy
- EBITDA margin at 21.5%, at par with 22.3% during the same period last year
- Reported Profit After Tax at Rs160.5cr; up 45% yoy. PAT margin at 14.8%
- Cash and cash equivalents at Rs533.3cr, up 33% yoy. Liquidity continues to remain strong with robust cash flow management.
Financial Highlights for H1FY22
- Revenue at Rs1585.5cr, up 55% yoy. Sales momentum has picked significantly during the second half of FY22
- EBITDA margin at 16.9%, mainly due to lower margins in Q1FY22
- Reported Profit After Tax at Rs171.4cr; up 140 % yoy. PAT margin at 10.8%
Commenting on the results, Managing Director, Sunder Genomal said, “As we announce our highest-ever revenue and PAT this quarter, we remain confident to deliver on the long-term growth prospects of the company. I am pleased to share that the sales momentum has picked up significantly after the setbacks of the global pandemic.
We saw increased momentum in sales across all our product categories backed by expansion in our portfolio and existing network. We are well poised and remain optimistic on delivering sustainable growth in the foreseeable future.
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 on delivering on 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.”
At around 2:21 PM, Page Industries was trading at Rs39,693.85 apiece down by Rs69.60 or 0.18% on Sensex.
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