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Published on 10/02/2021 4:11:26 PM | Source: Angel Broking Ltd

Page Industries Ltd 3QFY21 Result Update By Amarjeet Maurya, Angel Broking

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Below are Views On Page Industries Ltd 3QFY21 Result Update By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

During the 3QFY21, Page Industries Ltd (PIL) reported revenue of ~Rs971cr (up 17% YoY). Resilient performance as the economy starts to show signs of recovery. As of now, more than 94% of our Multi Brand Outlets, 100% of our EBOs and 93% of our Large Format Stores are fully functional. EBITDA margins have improved from 17% in Q3FY20 to 24% on back of cost optimization efforts.On the bottom-line front, PAT grew by ~77% to Rs154cr. Overall 3Q results were in line with expectation. Hence, we are positive on stock with buy rating.

 

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