Getty ImagesNEW DELHI – Shares of surged 7.3 per cent in early trade on Friday as the apparel manufacturer reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022.
The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.
Page Industries’ scrip jumped to a high of Rs 44,723.15 as against Rs 41,665.15 at the previous close on the BSE. The stock was last trading 5.8 per cent higher.
The company’s EBITDA rose 57 per cent to Rs 267.1 crore in the fourth quarter of the previous financial year as against Rs 169.8 crore reported a year ago, reports said.
The EBITDA margin improved to 24 per cent in Q4 FY22 from 19.3 per cent posted in Q4 FY21 on the back of better operating efficiencies.
On a full-year basis, the company recorded a 57.5 per cent rise in net profit to Rs 536.53 crore on a 37.2 per cent surge in revenue from operations to Rs 3,886.46 crore in FY22 over FY21, reports said.
Cash and cash equivalents stood at Rs 283.5 crore as of 31 March 2022 as compared to Rs 435 crore posted on 31 March 2021. Page said liquidity continues to remain strong with robust cash flow management.
“As we announce our best year with our highest-ever revenue and PAT, I am pleased to share that the sales momentum has picked up significantly across all our product categories backed by expansion in our portfolio and existing network. We are well poised on a growth trajectory and remain optimistic on delivering sustainable growth over the long-term,” Sunder Genomal, Managing Director of Page Industries, was quoted as saying in reports.
The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.
Page Industries’ scrip jumped to a high of Rs 44,723.15 as against Rs 41,665.15 at the previous close on the BSE. The stock was last trading 5.8 per cent higher.
The company’s EBITDA rose 57 per cent to Rs 267.1 crore in the fourth quarter of the previous financial year as against Rs 169.8 crore reported a year ago, reports said.
The EBITDA margin improved to 24 per cent in Q4 FY22 from 19.3 per cent posted in Q4 FY21 on the back of better operating efficiencies.
On a full-year basis, the company recorded a 57.5 per cent rise in net profit to Rs 536.53 crore on a 37.2 per cent surge in revenue from operations to Rs 3,886.46 crore in FY22 over FY21, reports said.
Cash and cash equivalents stood at Rs 283.5 crore as of 31 March 2022 as compared to Rs 435 crore posted on 31 March 2021. Page said liquidity continues to remain strong with robust cash flow management.
“As we announce our best year with our highest-ever revenue and PAT, I am pleased to share that the sales momentum has picked up significantly across all our product categories backed by expansion in our portfolio and existing network. We are well poised on a growth trajectory and remain optimistic on delivering sustainable growth over the long-term,” Sunder Genomal, Managing Director of Page Industries, was quoted as saying in reports.
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