27 May 2022, Mumbai:
The fourth quarter net profit of apparel manufacturer Page Industries grew by 64.86 per cent to Rs 190.52 crore. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.
Revenue from operations of the company grew by 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.
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PIL's total expenses increased by 18.58 per cent to Rs 870.04 crore,in Q4/FY 2021-22, as against Rs 733.69 crore in the corresponding period of 2020-21. For the fiscal year ended March 2022, PIL's net profit soared by 57.53 per cent to Rs 536.53 crore.
It had reported a net profit of Rs 340.58 crore in the previous fiscal.
Its revenue from operations was at Rs 3,886.46 crore in 2021-22. This is 37.18 per cent higher than Rs 2,832.96 crore in the year-ago period.
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Page Industries is the exclusive licensee of Jockey International Inc (USA) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE. It is also the exclusive licensee of Speedo International for the Indian market.
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