Leading company engaged in garments & apparels sector, Page Industries shares witnessed decline of 2.48% to Rs 45,797.30 per share on Bombay Stock Exchange despite announcing a surge in Q3 net profit. Earlier in the day, Jockey-licensee Page Industries reported a surge of 34.3% year-on-year (YoY) jump in its net profit for Q3FY25 at Rs 204.7 crore.
Meanwhile, its revenue soared 7.1% YoY to Rs 1,313 crore. The EBITDA of Page Industries zoomed 33.6% YoY to Rs 302.5 crore, according to the BSE filing. The company also recommended 3rd interim dividend of Rs 150/- per equity share for the FY 2024-25. Record date for the interim dividend has been fixed as February 13, 2025.
Page Industries has a market capitalisation of Rs 51,081.73 crore. The stock offers a return of equity (ROE) of 45.19%. It has declared a total of 68 dividends since August 27, 2007 and maintains a dividend yield of 1.68%. FII/FPI have increased holdings from 20.84% to 22.67% in December 2024 quarter. The stock is backed by Life insurance corporation of India as the PSU insurer has 1.88% stake in the company. Check more details below:
Page Industries Recommends Interim Dividend
As per the exchange filing of Page Industries dated February 5, 2025, “the Board of Directors of the Company at their meeting held today (i.e., 5 February 2025) has declared 3rd Interim Dividend 2024-25 of Rs. 150/- per equity share.”
Page Industries Sets Record Date For Interim Dividend
The BSE filing added, “as informed earlier, the record date fixed for the payment of interim dividend is 13 February 2025. The date fixed for payment of dividend is on or before 7 March 2025.”
Page Industries Q3FY25
Commenting on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines.”
The Indian apparel retail sector confronts short-term headwinds due to dampened consumer sentiment. Nonetheless, long-term growth prospects remain robust, propelled by economic expansion, urbanization, and rising disposable incomes, as per the exchange filing.
Page Industries Shares Performance
The 52-week high price of Jockey Maker Page Industries shares on BSE stood at Rs 49,933.15 per share (as on 17/12/2024) and 52-week low price is Rs 33,100.00 per share (as on 20/03/2024), respectively. Page Industries shares gained 1.57% in last 1-week, slipped 4.13% in last 1-week, jumped over 10% in last 6-months, and offered shareholders return of 24.75% in last 1-year. In last 5-years, the stock delivered returns of 85.50% and its maximum returns came in last 10-years at 289.06%.
Page Industries About
Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India, according to its official website.
Disclaimer
The story highlights Q3 results, dividend and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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