PAGE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 20.4%

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PAGE INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 20.4%
Mon, 27 May

PAGE INDUSTRIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

PAGE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,0847,3836,079-17.7%-0.1%
Other incomeRs m739587-8.3%20.1%
TurnoverRs m6,1567,4786,166-17.6%0.1%
ExpensesRs m4,6165,7314,882-14.8%5.8%
Gross profitRs m1,4681,6531,197-27.6%-18.5%
DepreciationRs m768280-1.9%6.0%
InterestRs m4441410.5%-7.6%
Profit before taxRs m1,4211,6251,163-28.4%-18.2%
TaxRs m479606413-31.9%-13.7%
Profit after taxRs m9421,019750-26.4%-20.4%
Gross profit margin%24.122.419.7
Effective tax rate%33.737.335.5
Net profit margin%15.313.612.2
* 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 fell 0.1% on a year-on-year (YoY) basis. The expenses were up by 5.8% YoY during the same period.
  • The company's operating profit declined by 18.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 4QFY19 as against 24.1% in 4QFY18.
  • Depreciation charges increased by 6.0% and finance costs declined by 7.6% YoY, respectively.
  • Other income increased by 20.1% YoY during the quarter.
  • Net profit for the quarter declined by 20.4% YoY. Net profit margins during the quarter declined from 15.3% in 4QFY18 to 12.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.8% QoQ during the same period.
  • The company's operating profit declined by 27.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 4QFY19 as against 22.4% in 3QFY18.
  • Net profit for the quarter declined by 26.4% QoQ, while net profit margins declined from 13.6% in 3QFY18 to 12.2% in 4QFY19.

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 24,465.3 to Rs 19,850.1, registering a Loss of Rs 4,615.2 or around 18.9%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 19,850.1, the price to earnings (P/E) ratio of PAGE INDUSTRIES stands at 56.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.1 times.

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For the quarter ended December 2019, PAGE INDUSTRIES has posted a net profit of Rs 870 m (down 14.6% YoY). Sales on the other hand came in at Rs 8 bn (up 7.5% YoY). Read on for a complete analysis of PAGE INDUSTRIES's quarterly results.

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