Page Industries slips 8% on disappointing December quarter results

Elvera Bartels

Shares of interior wear maker Website page Industries slipped 8 for every cent to Rs 21,650 on the BSE on Friday after the enterprise reported a sharp 500 basis factors drop in running revenue margins in December quarter (Q3FY20), because of to better expenses.

Website page Industries is engaged in the production, distribution, and internet marketing of innerwear athleisure sleepwear and swimwear for men, ladies, and little ones. It is the special licensee of Jockey Intercontinental for manufacture, distribution, and internet marketing of the JOCKEY brand name in India.

In Q3FY20, the earnings prior to curiosity, tax, depreciation, and amortisation (Ebitda) margin declined to seventeen for every cent from 22 for every cent in Q3FY19. Web revenue was down by 14.6 for every cent yr-on-yr (YoY) at Rs 87 crore towards Rs 102 crore in the corresponding quarter of prior fiscal.

The enterprise mentioned that a momentary dip in revenue

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