Page Industries Share Price reacts Positively to Result

Page Industries
declared
its
Quarter
result
announcing
the
rise in the profit by
8.5 percent to Rs
67.94 crore in
April-June quarter
as compared to
Rs 62.62 crores in
the same quarter
last
year.
Although the profit
was lower than analysts' expectations due to disappointing operational performance, yet Page
Industries share price took a huge leap forward.
Revenue during the quarter was ahead of the estimates, increasing 27.5 percent to Rs 572.44
crore on yearly basis. Profit was anticipated at Rs 75 crore on revenue of Rs 530 crore for the
quarter. The Operating profit shot up by 8.55 percent year-on-year to Rs 109 crore but margin
contracted by 340 basis points to 19 percent in the quarter ended June 2016, which were
expected at Rs 118 crore and 22.6 percent, respectively. Page Industries share price went up
by around 7%.
Page Industries is the exclusive licensee of Jockey International and Speedo International.
The stock is among the top 500 performers that are identified by Dynamic Levels for the
quarter. The company has not reported any loss in last two-quarters and had the Debt-Equity
ratio of 0.15. The company has a high return on equity of 46.04% which means that the
company is generating a decent profit with its shareholders investments.
From among 1.12 crores of shares floated by the company foreign promoters hold 49.01%
shares, 42.06% are institutional holdings and the rest of the 8.94% is owned by the other noninstitutional bodies.
Page Industries share price by the mid-day trading stands at Rs. 14,910.15. The stock opened
at Rs. 13.907.10 against its previous close of Rs. 14,004.30. Page Industries share price has
touched the intraday high of Rs. 15,199.80 and the low of Rs. 13,499.25 so far. For more
details on the stock, please visit the Page Industries share price history page of Dynamic
Levels website.

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The investment advice or guidance provided by way of recommendations, reports or other ways
are solely the personal views of the research team. Users are advised to use the data for the
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Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
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and based on their observations have issued advise letters or levied minor penalty on for certain
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Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
DYNAMIC/its Associates/ Research Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject
company.

Do not have any other material conflict of interest at the time of publication of the
research report

Have not received any compensation from the subject company in the past twelve months

Have not managed or co-managed public offering of securities for the subject company.

Have not received any compensation for brokerage services or any products / services or
any compensation or other benefits from the subject company, nor engaged in market
making activity for the subject company

Have not served as an officer, director or employee of the subject company

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