Page Industries has announced a second interim dividend of ₹250 per equity share for the fiscal year 2024-25. This decision was made during the Board of Directors’ meeting held on 7 November 2024, where the company’s unaudited financial results for the quarter ended 30 September 2024 were also reviewed and approved.
The record date for the interim dividend has been set for 16 November 2024, ensuring that shareholders who hold shares on this date will be eligible to receive the dividend. The payment is scheduled to be completed on or before 6 December 2024.
This interim dividend underscores Page Industries’ commitment to rewarding its shareholders and reflects its strong financial performance and confidence in ongoing business growth.
Key Financial Highlights
- Revenue: Page Industries recorded revenue of ₹1,246 crore in Q2 FY25, an 11% increase from ₹1,122 crore in Q2 FY24, highlighting solid sales growth year-over-year.
- Net Profit: The company’s net profit surged by 30%, reaching ₹195.5 crore in Q2 FY25, up from ₹150.3 crore in the corresponding period of the previous year. The significant profit growth reflects the company’s focus on cost management and efficient operations.
- EBITDA: Page Industries reported an EBITDA of ₹296 crore, a 25.6% rise from ₹236 crore in Q2 FY24, showcasing the company’s ability to generate strong earnings before accounting for taxes, interest, depreciation, and amortization.
- EBITDA Margin: The EBITDA margin for Q2 FY25 improved to 23.5%, compared to 21% in Q2 FY24, indicating enhanced profitability and effective cost control measures.
