 "Page Industries plunges 10% on weak Q4 results; stock hits 52-week low")
Shares of Page Industries hit a 52-week low of Rs 19,730 apiece on Monday, plunging 10 per cent on the BSE in intra-day deal after the company delivered its worst-ever quarterly performance. While the revenue grew flat, earnings declined mainly due to weak demand, high base and intensifying competition in the March quarter (Q4FY19) earnings.
The company’s net profit declined 20 per cent year-on-year (y-o-y) at Rs 394 crore coupled with nil growth in sales at Rs 608 crore on sequential basis. Ebitda (earnings before interest, tax, depreciation and amortization) margin too declined by 440 basis points (bps) y-o-y to
