Page Inds hits new low

Page Industries is the top loser on the BSE currently; touching first the 20% LC at Rs.37,025.55, the stock went down further to hit a new 52-week low at Rs.34,968,60.

The market has given its disappointing Q4FY23 earnings a big thumbs down. Reporting a 13% (YoY) decline in net revenue at Rs.969 crore, net profit came in at Rs.78 crore, a fall of 59%.

EBITDA for the quarter fell 50% to Rs.134 crore while margins showed a much sharper fall of 1018 bps at 13.9%.