Page Industries Q2 Results Live : Page Industries announced its Q2 results on November 7, 2024, showcasing a robust performance with a topline growth of 10.77% year-over-year and a significant profit increase of 29.93%. Despite a decline in revenue of 2.45% compared to the previous quarter, the company managed to boost its profit by 18.18%.
The company's Selling, General & Administrative expenses saw a marginal rise of 1.99% quarter-on-quarter and an increase of 0.72% year-on-year, reflecting the company's ongoing investments in operational efficiency.
Operating income for the quarter surged by 16.99% compared to the previous quarter and rose by 23.91% year-over-year, indicating strong operational performance amidst challenging market conditions.
Earnings per share (EPS) for Q2 stood at ₹175.06, marking a remarkable increase of 29.93% year-on-year, which further strengthens the company's financial position.
In terms of stock performance, Page Industries has delivered a return of 4.4% over the past week, 31.16% over the last six months, and 17.01% year-to-date, reflecting positive investor sentiment.
The company currently holds a market capitalization of ₹50,263.93 Crore, with a 52-week high of ₹46,810.40 and a low of ₹33,070.05, indicating volatility in its stock price over the past year.
As of November 8, 2024, analysts' sentiments towards Page Industries vary, with 2 analysts recommending a Strong Sell, 7 a Sell, 6 a Hold, 3 a Buy, and 1 a Strong Buy. The consensus recommendation remains to Hold, reflecting cautious optimism among market watchers.
Page Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1246.27 | 1277.52 | -2.45% | 1125.13 | +10.77% |
| Selling/ General/ Admin Expenses Total | 205.26 | 201.26 | +1.99% | 203.78 | +0.72% |
| Depreciation/ Amortization | 22.62 | 22.1 | +2.37% | 24.65 | -8.22% |
| Total Operating Expense | 987.43 | 1056.26 | -6.52% | 916.24 | +7.77% |
| Operating Income | 258.84 | 221.25 | +16.99% | 208.9 | +23.91% |
| Net Income Before Taxes | 262.47 | 222.46 | +17.98% | 199.38 | +31.65% |
| Net Income | 195.26 | 165.22 | +18.18% | 150.28 | +29.93% |
| Diluted Normalized EPS | 175.06 | 148.13 | +18.18% | 134.73 | +29.93% |
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