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Page growth slips back to single digit but margin is stellar
Mint Kolkata
|February 07, 2024
Good and bad Page's revenue growth weakened in Q3FY25, but margin was at a multi-quarter high.
Page Industries Ltd's shares have declined 6% since it announced its December quarter (Q3FY25) results, reflecting that investors are not focused on the solid operating margin, but on sluggish revenue growth.
Despite the festive tailwind in October, Page's Q3 revenue increased 7% on-year to ₹1,313 crore, marking a reversal from 11% growth in Q2 after clocking single-digit growth or decline since Q3FY23.
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