Page Industries Ltd 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
Above views are of the author and not of the website kindly read disclaimer
