trending Market Intelligence /marketintelligence/en/news-insights/trending/1BZP83UVT1LK_OeZq9N9Ig2 content esgSubNav
In This List

Page Industries fiscal Q4 profit climbs 27.7% YOY

Blog

Investment Banking Essentials Newsletter: October Edition, Part - 2

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


Page Industries fiscal Q4 profit climbs 27.7% YOY

Page Industries Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 37.83 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 42.23 rupees per share.

EPS increased 27.7% year over year from 29.63 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 421.9 million rupees, an increase of 27.7% from 330.5 million rupees in the year-earlier period.

The normalized profit margin dropped to 10.6% from 11.3% in the year-earlier period.

Total revenue climbed 35.6% on an annual basis to 3.98 billion rupees from 2.93 billion rupees, and total operating expenses climbed 38.7% year over year to 3.18 billion rupees from 2.29 billion rupees.

Reported net income rose 34.2% year over year to 471.2 million rupees, or 42.24 rupees per share, from 351.2 million rupees, or 31.49 rupees per share.

For the year, the company's normalized net income totaled 163.92 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 178.77 rupees.

EPS rose 26.2% from 129.88 rupees in the prior year.

Normalized net income was 1.83 billion rupees, a gain of 26.2% from 1.45 billion rupees in the prior year.

Full-year total revenue increased 29.9% from the prior-year period to 15.43 billion rupees from 11.88 billion rupees, and total operating expenses increased 31.0% year over year to 12.34 billion rupees from 9.42 billion rupees.

The company said reported net income grew 27.5% on an annual basis to 1.96 billion rupees, or 175.75 rupees per share, in the full year, from 1.54 billion rupees, or 137.87 rupees per share.

As of July 16, US$1 was equivalent to 63.48 Indian rupees.