Page Industries’ stock saw a notable 6% jump today, reaching a 52-week high of ₹48,111, after the company reported strong Q2 FY25 financial results and announced a second interim dividend of ₹250 per equity share for the fiscal year. The Board of Directors finalized this decision in their meeting on November 7, 2024, where the company’s unaudited results for the quarter ended September 30, 2024, were also approved.
Q2 FY25 Financial Highlights
- Revenue: Page Industries reported revenue of ₹1,246 crore in Q2 FY25, an increase of 11% from ₹1,122 crore in Q2 FY24, indicating solid sales growth.
- Net Profit: The company’s net profit rose significantly by 30% year-over-year to ₹195.5 crore, up from ₹150.3 crore in Q2 FY24, showcasing strong profitability.
- EBITDA: The EBITDA for the quarter stood at ₹296 crore, marking a 25.6% increase from ₹236 crore in the same period last year, reflecting operational efficiency.
- EBITDA Margin: The EBITDA margin improved to 23.5% in Q2 FY25, compared to 21% in Q2 FY24, highlighting effective cost control and enhanced profitability.
Dividend Details
- Interim Dividend: ₹250 per equity share
- Record Date: November 16, 2024
- Payment Date: On or before December 6, 2024
The interim dividend, combined with strong Q2 results, underscores Page Industries’ commitment to rewarding shareholders and its confidence in ongoing growth.
As of 11:51 AM, shares of Page Industries were trading at ₹47,630.30 on the NSE, buoyed by positive market reactions to its solid quarterly performance and attractive dividend announcement.
