Page Industries Share Price: A Closer Look at the Financial Results and Dividend Announcement
๐ Page Industries, the franchise company of popular brands such as Innerwear and Jockey, has announced its third interim dividend for the financial year 2023-24. The company has declared a dividend of Rs. 100 per equity share.
๐ Important Dates: The record date for payment of the interim dividend has been set as 16th February, and the dividend is scheduled to be deposited by 8th March or earlier.
๐ฐ Stock Performance: On Thursday, the share price of Page Industries reached an intraday high of Rs. 37,350 with a gain of Rs. 1,093. This positive movement indicates investor confidence in the company.
๐ Dividend Payment: The company has mentioned in its exchange filing that the dividend payment date has been fixed for 8th March 2024 or earlier.
๐ผ Corporate Benefits: Page Industries aims to attract and retain investors by offering corporate benefits such as stock splits, dividends, and bonus shares. The company has a strong dividend track record and has consistently provided returns to its shareholders over the past five years.
๐ต Previous Dividend Announcement: In the last financial year, Page Industries declared an equity dividend of 2500%, amounting to Rs. 250 per share.
๐ Financial Results: Apart from the dividend announcement, Page Industries also reported its financial results for the third quarter. The company’s profit for the quarter stood at Rs. 152 crore, showing a growth of more than 23% compared to the same period last year when it was Rs. 124 crore.
๐น Revenue Growth: Page Industries witnessed a significant increase in revenue during the reviewed quarter, with a total revenue of Rs. 1,299 crore. This represents a growth of 2.4% compared to the third quarter of the previous financial year when the revenue was Rs. 1,200 crore.
๐ Improved EBITDA: The company’s EBITDA for the quarter stood at Rs. 230 crore, showing a growth of 19% compared to the same period last year. The EBITDA margin also improved from 16.1% to 18.7%.
Page Industries continues to deliver strong financial performance, and the announcement of the third interim dividend further highlights its commitment to rewarding its shareholders.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
