Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Page Industries Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 965 | 1,229 | 1,125 | 1,226 | 992 | 1,278 | 1,246 | 1,313 | 1,098 | 1,317 | 1,291 | 1,387 | 1,253 |
| Expenses + | 830 | 991 | 892 | 999 | 828 | 1,034 | 965 | 1,011 | 863 | 1,022 | 1,011 | 1,069 | 992 |
| Operating Profit | 134 | 239 | 234 | 226 | 164 | 243 | 281 | 303 | 235 | 295 | 280 | 318 | 261 |
| OPM % | 14% | 19% | 21% | 18% | 17% | 19% | 23% | 23% | 21% | 22% | 22% | 23% | 21% |
| Other Income + | 7 | 5 | 2 | 9 | 14 | 13 | 15 | 14 | 20 | 15 | 19 | -23 | 17 |
| Interest | 14 | 13 | 11 | 10 | 10 | 12 | 11 | 12 | 12 | 13 | 13 | 13 | 12 |
| Depreciation | 21 | 21 | 25 | 23 | 23 | 22 | 23 | 30 | 25 | 27 | 25 | 27 | 28 |
| Profit before tax | 107 | 210 | 199 | 202 | 145 | 222 | 262 | 275 | 219 | 270 | 261 | 256 | 238 |
| Tax % | 26% | 25% | 25% | 25% | 25% | 26% | 26% | 26% | 25% | 26% | 25% | 26% | 25% |
| Net Profit + | 78 | 158 | 150 | 152 | 108 | 165 | 195 | 205 | 164 | 201 | 195 | 190 | 179 |
| EPS in Rs | 70.24 | 141.98 | 134.73 | 136.59 | 97.01 | 148.13 | 175.06 | 183.49 | 147.04 | 180.03 | 174.61 | 169.93 | 160.24 |
Financials of Page Industries Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,543 | 1,796 | 2,129 | 2,551 | 2,852 | 2,946 | 2,833 | 3,886 | 4,714 | 4,569 | 4,935 | 5,247 |
| Expenses + | 1,223 | 1,419 | 1,714 | 2,010 | 2,234 | 2,412 | 2,305 | 3,099 | 3,851 | 3,709 | 3,872 | 4,094 |
| Operating Profit | 320 | 376 | 415 | 542 | 618 | 533 | 528 | 787 | 863 | 860 | 1,063 | 1,153 |
| OPM % | 21% | 21% | 19% | 21% | 22% | 18% | 19% | 20% | 18% | 19% | 22% | 22% |
| Other Income + | 8 | 10 | 24 | 21 | 36 | 25 | 19 | 21 | 15 | 32 | 62 | 29 |
| Interest | 18 | 19 | 19 | 18 | 17 | 34 | 30 | 34 | 41 | 45 | 46 | 50 |
| Depreciation | 18 | 24 | 25 | 28 | 31 | 61 | 63 | 65 | 78 | 91 | 99 | 107 |
| Profit before tax | 293 | 343 | 395 | 518 | 606 | 462 | 453 | 709 | 758 | 756 | 979 | 1,025 |
| Tax % | 33% | 33% | 33% | 33% | 35% | 26% | 25% | 24% | 25% | 25% | 25% | 26% |
| Net Profit + | 196 | 232 | 266 | 347 | 394 | 343 | 341 | 537 | 571 | 569 | 729 | 764 |
| EPS in Rs | 175.74 | 207.57 | 238.73 | 311.08 | 353.19 | 307.71 | 305.35 | 481.02 | 512.15 | 510.31 | 653.71 | 684.80 |
| Dividend Payout % | 41% | 41% | 41% | 42% | 97% | 52% | 82% | 77% | 49% | 72% | 138% | 0% |
Financials of Page Industries Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 376 | 519 | 655 | 836 | 764 | 809 | 874 | 1,077 | 1,360 | 1,586 | 1,396 | 1,491 |
| Borrowings + | 157 | 95 | 88 | 69 | 85 | 176 | 127 | 110 | 406 | 185 | 262 | 277 |
| Other Liabilities + | 279 | 321 | 401 | 497 | 491 | 517 | 688 | 908 | 915 | 901 | 974 | 1,077 |
| Total Liabilities | 823 | 946 | 1,154 | 1,412 | 1,351 | 1,513 | 1,700 | 2,107 | 2,693 | 2,683 | 2,643 | 2,856 |
| Fixed Assets + | 217 | 217 | 236 | 238 | 301 | 406 | 386 | 402 | 485 | 488 | 758 | 871 |
| CWIP | 0 | 0 | 24 | 59 | 7 | 29 | 28 | 65 | 150 | 239 | 72 | 1 |
| Investments | 0 | 0 | 52 | 218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 606 | 729 | 842 | 898 | 1,043 | 1,079 | 1,286 | 1,639 | 2,057 | 1,956 | 1,813 | 1,984 |
| Total Assets | 823 | 946 | 1,154 | 1,412 | 1,351 | 1,513 | 1,700 | 2,107 | 2,693 | 2,683 | 2,643 | 2,856 |
Financials of Page Industries Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 167 | 219 | 274 | 453 | 230 | 517 | 696 | 327 | -2 | 1,080 | 1,204 | 794 |
| Cash from Investing Activity + | -53 | -26 | -108 | -238 | 192 | -27 | -401 | 119 | 36 | -370 | 12 | -21 |
| Cash from Financing Activity + | -113 | -189 | -154 | -188 | -443 | -378 | -366 | -396 | -179 | -621 | -1,010 | -744 |
| Net Cash Flow | 1 | 4 | 12 | 27 | -22 | 113 | -71 | 49 | -145 | 89 | 205 | 29 |
| Free Cash Flow | 114 | 193 | 212 | 396 | 192 | 442 | 682 | 229 | -165 | 986 | 1,125 | 687 |
| CFO/OP | 82% | 86% | 100% | 114% | 70% | 121% | 156% | 64% | 22% | 147% | 136% | 92% |
Financials of Page Industries Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 21 | 19 | 21 | 16 | 9 | 18 | 16 | 11 | 13 | 14 | 14 |
| Inventory Days | 317 | 288 | 264 | 191 | 229 | 200 | 160 | 208 | 279 | 205 | 147 | 178 |
| Days Payable | 59 | 50 | 47 | 46 | 37 | 26 | 72 | 77 | 50 | 32 | 44 | 55 |
| Cash Conversion Cycle | 279 | 259 | 236 | 166 | 207 | 183 | 106 | 146 | 240 | 185 | 118 | 138 |
| Working Capital Days | 58 | 61 | 57 | 37 | 55 | 42 | 10 | 33 | 59 | 49 | 19 | 26 |
| ROCE % | 62% | 62% | 60% | 64% | 69% | 53% | 48% | 67% | 54% | 45% | 59% | 64% |