Page Industries hits 52 week high after Q1 results hits bulls eye, interim dividend of Rs 41

Last Updated: Thu, Aug 09, 2018 17:54 hrs
Jockey - Page Industries (Page Industries)

Bengaluru: Stocks of Page Industries hit a fresh 52 week high of 32750. After end of trading hours on Thursday, the scrip had closed to 32391, up by a gigantic 2136.95 point or 7.06% intra-day gain.

For those of you keen to digest a small trivia, the scrip's 52 week low was recorded exactly a year ago. The scrip had been trading at Rs 15089.20 on 11 Aug'17. Investing in 4 shares in Page Industries back then could have made you a lakhpati (1 lakh) today.

Some of the action points that caused the scrip to zoom were announcements of the first quarter results for the new fiscal year, and also an announcement on interim dividends.

Revenue has increased 17% yoy and 34% qoq to Rs 815 crores.

Page Industries' EBITDA stood at Rs 189 crores, up by 38.6% y-o-y.

Adjusted Profit-After-Tax increased by 45.9% yoy to Rs 124 crores.

Page Industries' numbers beats most market estimates. ICICI Direct a fortnight ago had estimated net profit at Rs 106.9 crores, Net sales at Rs 805.2 crores and EBITDA at Rs 171.9 crores.

The company announced an interim dividend of Rs 41 per equity share.



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