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

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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 ChangeYoY Change
Net SalesRs m2,8488,8085,015-43.1%76.1%
Other incomeRs m615636-36.0%-41.2%
TurnoverRs m2,9098,8635,051-43.0%73.7%
ExpensesRs m3,1957,1104,673-34.3%46.3%
Gross profitRs m-3471,698342-79.9%
DepreciationRs m1601561592.0%-0.9%
InterestRs m7772732.6%-4.2%
Profit before taxRs m-5241,526145-90.5%
TaxRs m-12837136-90.4%
Profit after taxRs m-3961,156109-90.5%
Gross profit margin%-12.219.36.8
Effective tax rate%24.524.324.6
Net profit margin%-13.613.02.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


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.

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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.

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