- Page Industries reported a net income of 1.95 billion rupees for the second quarter, which matched their year-on-year results but fell short of the estimated 2.06 billion rupees.
- Revenue for the quarter was 12.9 billion rupees, showing a growth of 3.2% compared to the previous year, but below the estimated 13.18 billion rupees.
- Total costs rose by 5.2% year-on-year to 10.5 billion rupees.
- Raw material costs increased significantly by 17% year-on-year, totaling 3.23 billion rupees, and were below the estimate of 4.63 billion rupees.
- The firm’s other income climbed by 34% year-on-year to reach 194.9 million rupees.
- A dividend of 125 rupees per share was declared.
- Following the announcement of these results, Page Industries shares fell by 1% as profits missed estimates.
- The company’s stock has received mixed ratings: 10 buy recommendations, 5 hold, and 10 sell.
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A look at Page Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Page Industries Limited, a leading company in the production and distribution of branded underwear in India and Sri Lanka, appears to have a positive long-term outlook based on the Smartkarma Smart Scores. The scores indicate strong performance in areas such as Dividend and Resilience, with a score of 5 and 4 respectively. This suggests that the company is excelling in its dividend practices and has shown resilience in the face of challenges. However, areas such as Value and Momentum scored lower, with scores of 2, indicating potential areas for improvement in terms of overall value and momentum in the market.
Overall, with a Growth score of 3, Page Industries seems to be positioned for moderate growth in the future. Investors may find the company attractive for its solid dividend performance and resilience, although there may be room for enhancement in value and momentum factors. Keeping an eye on these aspects could provide valuable insights into the company’s trajectory and potential for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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