Page Industries Shares Plummet Amidst Profit Woes

Page Industries witnessed a substantial 9.99 percent fall in its share price on November 12, reaching Rs 32,915. This significant drop was triggered by the company's financial disclosures for the September quarter of FY27. Investors reacted negatively as net profit showed a marginal increase of 3.8 percent, totaling Rs 202.5 crore, while revenue from operations climbed 11.5 percent to Rs 1,439.6 crore.

The company's operating performance also showed signs of strain. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 7.4 percent to Rs 300.2 crore. However, the EBITDA margin declined by 80 basis points to 20.8 percent compared to the previous year's corresponding quarter. This contraction in margins suggests that profitability at the operational level did not keep pace with revenue growth. Year-to-date in 2026, Page Industries shares have fallen by 7.6 percent.