FY24 ends on a weak note; expect gradual improvement

Company

24 May 2024 | 5 Min Read

Page Industries 4QFY24 results update with changes in estimates, target price, and rating.

Weak performance in FY24 with gradual improvement expected.

Revenue growth was muted, with a slight recovery at the end of the quarter.

Limited expansion in EBITDA margin despite a favorable base.

Double-digit growth in EBITDA/PBT/PAT on a weak base.

Management expects a gradual uptick in demand in FY25.