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Page Industries, Graphite India hit record highs on strong Q1 results

Page Industries surged 6% to Rs 32,142 after the company reported a better-than-expected 46% YoY growth in net profit at Rs 1,244 million in Q1FY19.

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SI Reporter Mumbai
Shares of Page Industries and Graphite India have hit their respective record highs on the BSE, gaining 6% in intra-day trade on Thursday after reporting a strong set of numbers for the quarter ended June 2018 (Q1FY19).

Page Industries has surged 6% to Rs 32,142 after the company reported a better-than-expected 46% year-on-year (YoY) growth in net profit at Rs 1.24 billion in Q1FY19. Analysts on an average had expected profit of Rs 1.1 billion for the quarter.

The company which manufactures, markets, and distributes garments and clothing accessories under the Jockey brand name in India, had a

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