Page Industries’ profit increased by 30% in the second quarter, big jump in shares, reached 52 week high
apparel The net profit of the manufacturing company Page Industries Limited in the second quarter of the current financial year 2024-25 increased by 30 percent to Rs 195.25 crore. The net profit of the company in the second quarter (July-September) of the last financial year 2023-24 was Rs 150.27 crore. According to the information given by Page Industries Limited (PIL) to the stock market on Thursday, the operating income of the company increased by 11.06 percent to Rs 1,246.27 crore in the second quarter of the current financial year. Whereas in the same period a year ago it was Rs 1,122.11 crore. Due to good results, the company’s shares are seeing a rise. It went to 52 week high today with share price of Rs 48,301.
6.7% jump in sales volume
“Sales volumes increased by 6.7 per cent over the previous year to reach 5.52 crore ‘pieces’,” PIL said in its earnings statement. Additionally, stable raw material costs and improved operational efficiency helped operations. Contributed to significant increase in profits. Page Industries’ total expenses increased by 7.54 percent to Rs 998.34 crore in the second quarter. Total income (which includes other income and finance income) increased by 11.9 percent to Rs 1,260.82 crore during this period.
increased operating profit
Company’s Managing Director V.S. Ganesh said, “Our operating profits remain strong due to our focus on operational efficiency, cost control and strategic ‘sourcing’ initiatives.” Page Industries has operations in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Jockey International Inc. (USA) has ‘exclusive license’ for manufacturing, distribution and marketing in Bhutan and United Arab Emirates (UAE). It also has the ‘exclusive license’ of Speedo International, an Australian-British company that manufactures swimwear and swimming accessories, for the Indian market.
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