Page Industries shares hit 10% lower circuit after Q2 results; profit rises 4%, margins shrink
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Page Industries shares hit the 10 percent lower circuit at Rs 32,915 on Thursday, November 12.
- ✓The company reported a 3.8 percent rise in net profit for the September quarter.
- ✓However, investors sold shares as operating margins fell to 20.8 percent, showing that profitability did not keep up with revenue growth.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Page Industries shares plunged 9.99 percent to hit the lower circuit at Rs 32,915 apiece on Thursday, November 12, after the company reported its financial results for the September quarter (Q2 FY27). The sharp selloff came as the company's net profit rose modestly despite double-digit revenue growth, while operating margins contracted. Page Industries reported a 3.8 percent year-on-year increase in consolidated net profit to Rs 202.5 crore for the September quarter, compared with Rs 195 crore in the corresponding period last year. Revenue from operations rose 11.5 percent to Rs 1,439.6 crore, against Rs 1,291 crore in the year-ago quarter.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.4 percent year-on-year to Rs 300.2 crore, compared with Rs 279.6 crore a year earlier. However, the company's EBITDA margin narrowed by 80 basis points to 20.8 percent from 21.6 percent in the corresponding quarter last year, indicating that operating profitability lagged revenue growth. Following Thursday's sharp decline, Page Industries shares were down 7.6 percent so far in 2026. Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.