On standalone basis
Quarter ended June 2022 compared
with Quarter ended June 2021.
Net sales (including other operating income) of Page Industries has increased
167.43% to Rs 1,341.27 crore.
Operating profit margin has jumped
from 6.82% to 22.20%, leading to 770.53% rise in operating profit to Rs 297.81
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 19.61% to 26.70%. Purchase of finished
goods cost fell from 22.68% to 22.44%. Employee cost decreased from
30.44% to 15.02%. Other expenses fell from 20.45% to 15.12%.
Other income fell 7.58% to Rs 3.29
crore. PBIDT rose 697.19% to Rs 301.1 crore. Provision
for interest up 16.05% to Rs 8.53 crore.
PBDT rose 861.77% to Rs 292.57
crore. Provision for depreciation rose 13.27% to Rs 18.01
crore.
Profit before tax grew 1,790.91% to
Rs 274.56 crore. Provision for tax was expense of Rs 67.52 crore,
compared to Rs 3.57 crore. Effective tax rate was 24.59% compared to
24.59%.
Profit after tax rose 1,790.78% to
Rs 207.04 crore.
Promoters’ stake was 46.12% as of 30
June 2022 ,compared to 47.91% as of 30 June 2021 .
Full year results analysis
Net sales (including other operating income) of Page Industries has increased
37.19% to Rs 3,886.46 crore.
Operating profit margin has jumped
from 18.59% to 20.21%, leading to 49.16% rise in operating profit to Rs 785.46
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 22.19% to 24.77%. Purchase of finished
goods cost rose from 18.30% to 21.71%. Employee cost decreased from
21.38% to 17.70%. Other expenses fell from 18.16% to 16.51%.
Other income up 7.76% to Rs 20.98
crore. PBIDT rose 47.68% to Rs 806.44 crore. Provision
for interest up 8.27% to Rs 32.2 crore. Loan funds declined from Rs
127.05 crore as of 31 March 2021 to Rs 109.91 crore as of 31 March
2022. Inventories rose to Rs 974.87 crore as of 31 March 2022 from
Rs 554.93 crore as of 31 March 2021. Sundry debtors were higher at
Rs 165.08 crore as of 31 March 2022 compared to Rs 137.12 crore as of 31 March
2021. Cash and bank balance declined from Rs 435.00 crore as of 31
March 2021 to Rs 283.46 crore as of 31 March 2022.
PBDT rose 49.95% to Rs 774.24
crore. Provision for depreciation rose 4.07% to Rs 65.47
crore. Fixed assets increased to Rs 465.70 crore as of 31 March 2022
from Rs 411.83 crore as of 31 March 2021. Intangible assets declined
from Rs 2.32 crore to Rs 1.97 crore.
Profit before tax grew 56.32% to Rs
708.77 crore. Provision for tax was expense of Rs 172.24 crore,
compared to Rs 112.84 crore. Effective tax rate was 24.30% compared
to 24.89%.
Profit after tax rose 57.53% to Rs
536.53 crore.
Promoters’ stake was 47.19% as of 31
March 2022 ,compared to 48.32% as of 31 March 2021 .
Cash flow from operating activities
decreased to Rs 326.91 crore for year ended March 2022 from Rs 695.89 crore for
year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 97.96 crore, compared to Rs 15.33
crore during the year ended March 2021.
Others:
The Board of Directors of the
company has declared 1 st interim dividend for FY2022-23 of Rs 60/- per equity
share.
Management Commentary:
Commenting on the results, Managing
Director, Mr. V. S. Ganesh said, “Riding on the back of strong sales
performance and robust financial planning, despite external challenges, we have
successfully delivered yet another milestone performance this quarter. I am
happy to report that we are well poised with a clear vision for sustainable
growth through delivering affordable premium apparel to our customers. Our
roadmap of capacity augmentation and retail expansion will lead us to this
vision and continue this momentum. We have also significantly invested in our
people.
We remain optimistic of the thriving market for our products and by
banking on our pillars of quality, cost, product design and customer outreach,
we will continue to deliver a wide range of premium products to our customers.
Our strategy of introducing kids wear across exclusive womens wear stores has
shown good results and we are confident of making inroads into this nascent and
fast growing segment. Today, tier 2 and 3 centers are also becoming an
important marketplace for us given the increased awareness of healthier
lifestyle and availability of quality, functional inner-wear and athleisurewear.
This is in line with our retail expansion strategy across existing and new
domestic and international markets. On a closing note, I acknowledge Mr.
Genomal’s guidance which ensured a smooth leadership transition and helped me
settle in this role.”
| Page Industries : Standalone Results | | Quarter ended | Year ended |
|---|
| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,341.27 | 501.54 | 167.43 | 3,886.46 | 2,832.96 | 37.19 | | OPM (%) | 22.20 | 6.82 | 1,538 bps | 20.21 | 18.59 | 162 bps | | OP | 297.81 | 34.21 | 770.53 | 785.46 | 526.60 | 49.16 | | Other Inc. | 3.29 | 3.56 | -7.58 | 20.98 | 19.47 | 7.76 | | PBIDT | 301.10 | 37.77 | 697.19 | 806.44 | 546.07 | 47.68 | | Interest | 8.53 | 7.35 | 16.05 | 32.2 | 29.74 | 8.27 | | PBDT | 292.57 | 30.42 | 861.77 | 774.24 | 516.33 | 49.95 | | Depreciation | 18.01 | 15.9 | 13.27 | 65.47 | 62.91 | 4.07 | | PBT | 274.56 | 14.52 | 1,790.91 | 708.77 | 453.42 | 56.32 | | PBT before EO | 274.56 | 14.52 | 1,790.91 | 708.77 | 453.42 | 56.32 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 274.56 | 14.52 | 1,790.91 | 708.77 | 453.42 | 56.32 | | Taxation | 67.52 | 3.57 | 1,791.32 | 172.24 | 112.84 | 52.64 | | PAT | 207.04 | 10.95 | 1,790.78 | 536.53 | 340.58 | 57.53 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 207.04 | 10.95 | 1,790.78 | 536.53 | 340.58 | 57.53 | | EPS (Rs)* | 185.69 | 9.82 | 1,790.78 | 481.19 | 305.45 | 57.53 | | | * EPS is on current equity of Rs 11.15 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
Peer Comparision (Standalone)
|
Q-202206
|
Sales
(Rs. Crs)
|
var.(%)
|
OP
(Rs. Crs)
|
var.(%)
|
Net Profit
(Rs. Crs)
|
var.(%)
|
Share Price(Rs)
10-Aug-2022
|
var.(%)
over
One year
|
TTM EPS
|
TTM PE
|
|
Page Industries Ltd
|
1,341.27
|
167.43
|
297.81
|
770.53
|
207.04
|
1790.78
|
48,471.00
|
50.62
|
657.06
|
73.77
|
|
Acknit Industries Ltd
|
74.80
|
99.89
|
4.80
|
97.53
|
2.39
|
104.27
|
144.95
|
20.24
|
30.13
|
4.81
|
|
Addi Industries Ltd
|
0.00
|
-
|
37.21
|
-15.43
|
0.47
|
683.33
|
40.65
|
392.73
|
-0.46
|
-
|
|
Aditya Birla Fashion & Retail Ltd
|
2,773.95
|
258.38
|
475.05
|
LP
|
123.59
|
LP
|
277.05
|
34.72
|
4.03
|
68.75
|
|
Ashnoor Textile Mills Ltd
|
73.50
|
51.86
|
4.46
|
9.85
|
1.57
|
-34.03
|
43.75
|
23.24
|
6.41
|
6.82
|
|
Cantabil Retail India Ltd
|
100.77
|
250.26
|
35.47
|
485.31
|
14.12
|
LP
|
1,165.30
|
207.39
|
32.90
|
35.42
|
|
Cityman Ltd
|
0.00
|
-
|
-0.07
|
-40
|
-0.07
|
-40
|
4.38
|
-2.67
|
-0.26
|
-
|
|
Digjam Ltd
|
5.59
|
51.08
|
-3.39
|
15.46
|
-4.13
|
-0.24
|
152.30
|
781.88
|
0.59
|
260.34
|
|
Dollar Industries Ltd
|
361.44
|
76.67
|
37.22
|
5.32
|
27.87
|
20.6
|
443.90
|
21.65
|
26.56
|
16.71
|
|
Filatex Fashions Ltd
|
37.98
|
487.02
|
0.47
|
135
|
0.04
|
-20
|
6.65
|
138.35
|
0.30
|
22.28
|
|
Garment Mantra Lifestyle Ltd
|
22.96
|
98.27
|
0.84
|
-43.24
|
0.27
|
-66.67
|
4.78
|
-73.19
|
0.09
|
50.51
|
|
Garware Technical Fibres Ltd
|
293.42
|
22.64
|
37.42
|
-10.46
|
26.03
|
-16.41
|
3,128.40
|
-7.68
|
75.48
|
41.45
|
|
Globe Textiles (India) Ltd
|
114.74
|
72
|
4.56
|
77.43
|
1.61
|
228.57
|
7.60
|
-43.70
|
0.41
|
18.38
|
|
Go Fashion (India) Ltd
|
165.20
|
432.9
|
53.10
|
LP
|
24.44
|
LP
|
1,102.35
|
-12.00
|
14.63
|
75.32
|
|
Gokaldas Exports Ltd
|
610.31
|
153.41
|
72.08
|
305.86
|
40.08
|
LP
|
334.90
|
55.77
|
26.33
|
12.72
|
|
Heads UP Ventures Ltd
|
0.29
|
-
|
-1.72
|
-14.67
|
-1.60
|
-15.11
|
13.68
|
-26.45
|
-2.52
|
-
|
|
Integra Essentia Ltd
|
55.96
|
-
|
0.58
|
LP
|
0.58
|
LP
|
6.46
|
361.43
|
0.05
|
142.37
|
|
Iris Clothings Ltd
|
23.29
|
20.11
|
4.24
|
0.71
|
1.75
|
-2.78
|
186.60
|
9.76
|
6.19
|
30.14
|
|
Jayatma Enterprises Ltd
|
0.14
|
0
|
0.01
|
-83.33
|
0.01
|
-87.5
|
54.60
|
187.37
|
0.70
|
78.00
|
|
Jindal Worldwide Ltd
|
669.87
|
29.02
|
70.03
|
72.7
|
40.69
|
130.8
|
218.95
|
221.99
|
6.56
|
33.36
|
|
K P R Mill Ltd
|
1,269.29
|
68.19
|
282.80
|
52.34
|
224.05
|
50.84
|
572.25
|
57.74
|
23.59
|
24.26
|
|
Kewal Kiran Clothing Ltd
|
154.54
|
68.8
|
29.34
|
270.45
|
21.59
|
152.81
|
364.70
|
115.91
|
15.37
|
23.73
|
|
KG Petrochem Ltd
|
76.49
|
-3.23
|
9.88
|
-53.46
|
4.39
|
-62.51
|
226.85
|
-32.56
|
19.37
|
11.71
|
|
Khoobsurat Ltd
|
0.00
|
-
|
-0.10
|
-11.11
|
0.13
|
62.5
|
2.00
|
506.06
|
0.02
|
91.62
|
|
Lagnam Spintex Ltd
|
79.23
|
6.04
|
12.99
|
-0.69
|
6.21
|
1.31
|
77.00
|
95.68
|
16.35
|
4.71
|
|
M K Exim (India) Ltd
|
21.37
|
17.61
|
2.17
|
-28.15
|
1.87
|
-23.98
|
75.35
|
178.35
|
4.70
|
16.02
|
|
Mahalaxmi Rubtech Ltd
|
48.82
|
39.45
|
2.48
|
-30.53
|
1.57
|
9.03
|
132.20
|
106.40
|
5.24
|
25.25
|
|
Mallcom (India) Ltd
|
87.54
|
42.55
|
11.80
|
38.82
|
7.90
|
43.12
|
700.00
|
13.46
|
53.30
|
13.13
|
|
Meyer Apparel Ltd
|
0.99
|
518.75
|
-0.41
|
10.87
|
-0.13
|
35
|
1.22
|
-19.74
|
-0.12
|
-
|
|
Mittal Life Style Ltd
|
15.42
|
140.19
|
0.05
|
-44.44
|
0.01
|
-66.67
|
12.75
|
29.31
|
0.11
|
119.00
|
|
Monte Carlo Fashions Ltd
|
112.87
|
170.67
|
4.38
|
LP
|
-3.92
|
61.49
|
740.70
|
113.95
|
58.02
|
12.77
|
|
Nahar Spinning Mills Ltd
|
861.89
|
16.76
|
111.26
|
-34.67
|
73.07
|
-27.18
|
308.75
|
-25.14
|
131.79
|
2.34
|
|
Nutricircle Ltd
|
0.33
|
-
|
-0.06
|
25
|
-0.06
|
25
|
80.00
|
0.19
|
-9.93
|
-
|
|
Osiajee Texfab Ltd
|
0.40
|
-35.48
|
0.03
|
-62.5
|
0.03
|
-62.5
|
51.65
|
32.44
|
-0.06
|
-
|
|
PDS Ltd
|
40.50
|
198.01
|
4.99
|
155.9
|
4.16
|
264.91
|
1,707.95
|
25.83
|
26.75
|
63.85
|
|
Prakash Woollen & Synthetic Mills Ltd
|
21.79
|
74.46
|
-0.29
|
PL
|
-1.66
|
-163.49
|
37.40
|
35.75
|
-1.06
|
-
|
|
Raymond Ltd
|
1,193.10
|
184.83
|
162.05
|
-9.01
|
61.81
|
LP
|
930.45
|
127.33
|
70.63
|
13.17
|
|
Riba Textiles Ltd
|
59.43
|
36.5
|
3.27
|
-6.03
|
1.06
|
-23.19
|
38.35
|
-7.03
|
4.74
|
8.10
|
|
RLF Ltd
|
0.22
|
144.44
|
0.04
|
LP
|
-0.01
|
80
|
4.62
|
7.44
|
-0.96
|
-
|
|
S P Apparels Ltd
|
216.67
|
78.39
|
42.64
|
51.69
|
26.72
|
138.15
|
408.85
|
30.48
|
40.25
|
10.16
|
|
Samtex Fashions Ltd
|
0.00
|
-
|
-0.08
|
-14.29
|
-0.21
|
-5
|
2.94
|
160.18
|
-0.10
|
-
|
|
Shoppers Stop Ltd
|
941.93
|
368.44
|
162.42
|
LP
|
22.79
|
LP
|
610.85
|
157.69
|
4.91
|
124.31
|
|
Sky Industries Ltd
|
17.03
|
14.07
|
1.82
|
-9.45
|
0.80
|
-27.27
|
72.30
|
-13.31
|
5.81
|
12.44
|
|
Southern Latex Ltd
|
0.00
|
-
|
-0.06
|
-100
|
0.00
|
-
|
16.80
|
87.50
|
0.27
|
61.80
|
|
Spice Islands Apparels Ltd
|
0.02
|
-94.44
|
-0.10
|
77.27
|
-0.08
|
84.91
|
10.13
|
41.68
|
-2.02
|
-
|
|
SPL Industries Ltd
|
83.46
|
220.51
|
6.06
|
74.64
|
7.05
|
123.1
|
57.75
|
9.69
|
8.61
|
6.70
|
|
Swan Energy Ltd
|
252.38
|
1092.16
|
5.22
|
LP
|
0.39
|
LP
|
206.15
|
62.90
|
0.30
|
686.08
|
|
T T Ltd
|
56.02
|
-32.99
|
5.31
|
-53.79
|
0.64
|
-84.62
|
82.25
|
16.17
|
5.12
|
16.06
|
|
Trident Ltd
|
1,667.07
|
12.87
|
254.17
|
-33.04
|
123.80
|
-39.16
|
38.05
|
90.73
|
1.48
|
25.72
|
|
United Polyfab Gujarat Ltd
|
170.15
|
31.53
|
7.47
|
14.4
|
2.56
|
69.54
|
36.90
|
256.52
|
4.99
|
7.39
|
|
V2 Retail Ltd
|
211.28
|
155.94
|
21.65
|
1236.42
|
-2.09
|
79.47
|
113.15
|
1.25
|
-1.40
|
-
|
|
Vandana Knitwear Ltd
|
0.39
|
3800
|
-0.03
|
-
|
0.02
|
100
|
2.11
|
15.93
|
0.01
|
225.70
|
|
Virat Industries Ltd
|
5.57
|
74.06
|
0.24
|
26.32
|
0.07
|
LP
|
221.45
|
389.39
|
2.95
|
75.14
|
|
Voith Paper Fabrics India Ltd
|
38.07
|
11.12
|
9.81
|
-7.71
|
7.32
|
-7.46
|
1,075.80
|
-9.46
|
65.42
|
16.44
|
|
Welspun India Ltd
|
1,381.14
|
-20.19
|
70.71
|
-78.46
|
14.70
|
-91.25
|
73.45
|
-40.31
|
2.38
|
30.91
|
|
Wires & Fabriks (S.A) Ltd
|
23.81
|
19.29
|
4.25
|
60.38
|
0.16
|
14.29
|
90.00
|
24.14
|
3.07
|
29.30
|
|
Industry
|
15,834.69
|
74.6
|
2,358.34
|
77.24
|
1,113.46
|
373.47
|
1,63,148.20
|
49.94
|
|
55.33
|
|