As per Business Standard, the company’s revenue from operations rose by 62.72 per cent to Rs 880.76 crore during the quarter as against Rs 541.28 crore in the corresponding period of the previous fiscal.
PIL's total expenses increased by 44.4 per cent to Rs 733.69 crore in Q4 FY 2020-21 from Rs 508.10 crore in the year-ago period.
However, for the fiscal year, which ended on March 31, 2021, PIL reported a marginal decline in its net profit to Rs 340.58 crore. It has a net profit of Rs 343.22 crore in the previous year.
Its revenue from operations was down to 3.82 per cent to Rs 2,832.96 crore in FY 2020-21. It was Rs 2,945.54 crore in FY 2019-20.
Bengaluru-based Page Industries is the exclusive licensee of American underwear brand Jockey International for manufacture, distribution and marketing in countries such as India, Sri Lanka, Bangladesh, Nepal, UAE, Oman and Qatar. The company is also the exclusive licensee of Speedo International for India.
