Conference Call with Page Industries Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Apparels & accessories company Page Industries announced Q1FY24 results: Revenue at Rs 12,400 million, up 28% QoQ and down 7.5% YoY. EBITDA at Rs 2,418 million, margins at 19.5%, up 79.7% QoQ and down 18.8% YoY. Reported profit after tax at Rs 1,583 million; up 102% QoQ and down 23.6% YoY. PAT margin at 12.8% compared to 8.1% QoQ and 15.4% YoY. Cash and cash equivalents at Rs 773 million up from 81 million at Q4FY23. Commenting on the results, Managing Director V.S. Ganesh said, “I am pleased to share that the initiatives taken have led to a substantiative margin recovery and the Company has reported 31% sequential volume growth in Q1FY24. While our year-on-year revenues and volume growth remain challenged on the back of prevailing market conditions, we remain steadfast in our conviction that this is merely a transient phase. Our proactive approach involves continued investment in shaping the future, thereby ensuring that we capitalize on the promising prospects that lie ahead." Result PDF