*Page Industries Ltd.* | *CMP* Rs. 23509 | *M Cap* Rs. 26222 Cr | *52 W H/L* 26891/17141
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 793.8 Cr (2.4% QoQ, 7.5% YoY) vs expectation of Rs. 804.4 Cr, QoQ Rs. 775.4 Cr, YoY Rs. 738.3 Cr
EBIDTA came at Rs. 138.8 Cr (-6.9% QoQ, -16% YoY) vs expectation of Rs. 174 Cr, QoQ Rs. 149 Cr, YoY Rs. 165.3 Cr
EBITDA Margin came at 17.5% vs expectation of 21.6%, QoQ 19.2%, YoY 22.4%
Adj. PAT came at Rs. 87 Cr vs expectation of Rs. 119.1 Cr, QoQ Rs. 114.5 Cr, YoY Rs. 101.9 Cr
Quarter EPS is Rs. 78
Share is trading at P/E of 57.3x FY20E EPS