Page Industries - Analysis of September 2010 Quarter result

 

Percentage Breakdown of Quarter Results
crores	Sep-10		Sep-09		Jun-10
Income from Operations	126.41		87.52		119.7
Raw Materials	66.64	53%	38.79	44%	69.01	58%
Purchase of traded goods	0.18	0%	0	0%	0.19	0%
Employee Cost	21.16	17%	14.21	16%	20.86	17%
Depreciation	2.35	2%	2.21	3%	2.17	2%
Other Expenditure	15.42	12%	13.87	16%	15.99	13%
Net Profit	16.35	13%	10.55	12%	13.69	11%

In the September 2010 quarter results, despite high prices of cotton yarn worldwide, they're able to increase their margins. It compltely shows that they have a great deal of pricing power. Sales increased  44% year-on-year and 6% quarter-on-quarter. Net Profit increased 55% year-on-year, while it grew 19% quarter-on-quarter.   Their Capital Employed is 173.61 crores. ROCE uptil ow, half-yearly, is 25.10 %. Days Inventory Outstanding is 487.80 days. Days Sales Outstnding is 81.66 days. Days Payable Outstanding is 389.38 days. Cash Conversion Cycles is coming out to be 180.08 days.