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PAGE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 10.2%

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PAGE INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 10.2%
Thu, 15 Nov

PAGE INDUSTRIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

PAGE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,2728,1536,908-15.3%10.1%
Other incomeRs m347210850.9%217.0%
TurnoverRs m6,3068,2247,016-14.7%11.3%
ExpensesRs m4,9736,2605,479-12.5%10.2%
Gross profitRs m1,2991,8931,428-24.5%9.9%
DepreciationRs m6872765.5%12.5%
InterestRs m3640401.8%10.9%
Profit before taxRs m1,2291,8521,420-23.4%15.5%
TaxRs m389608494-18.8%27.0%
Profit after taxRs m8411,244926-25.6%10.2%
Gross profit margin%20.723.220.7
Effective tax rate%31.632.834.8
Net profit margin%13.315.113.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 10.1% on a year-on-year (YoY) basis. The expenses were up by 10.2% YoY during the same period.
  • The company's operating profit increased by 9.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.7% in 2QFY19.
  • Depreciation charges increased by 12.5% and finance costs increased by 10.9% YoY, respectively.
  • Other income increased by 217.0% YoY during the quarter.
  • Net profit for the quarter increased by 10.2% YoY. Net profit margins during the quarter declined from 13.3% in 2QFY18 to 13.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.5% QoQ during the same period.
  • The company's operating profit declined by 24.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 2QFY19 as against 23.2% in 1QFY18.
  • Net profit for the quarter declined by 25.6% QoQ, while net profit margins declined from 15.1% in 1QFY18 to 13.2% in 2QFY19.

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

PAGE INDUSTRIES Share Price Performance

Over the last one year, PAGE INDUSTRIES share price has moved up from Rs 22,917.4 to Rs 26,509.0, registering a Gain of Rs 3,591.7 or around 15.7%.

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 26,509.0, the price to earnings (P/E) ratio of PAGE INDUSTRIES stands at 74.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 34.9 times.

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