February 13, 2025, marks an exciting day for both sports and business, featuring the highly anticipated cricket match between Australia and Sri Lanka at the historic Galle International Stadium. Meanwhile, Page Industries, the exclusive licensee of the JOCKEY brand for several countries, is poised to distribute its third interim dividend for the fiscal year.
The Australia vs. Sri Lanka clash is set to commence at 3:00 PM local time, drawing cricket enthusiasts globally as they look forward to what promises to be a thrilling encounter. This match is part of the Australia tour of Sri Lanka, where teams compete not only for wins but also for pride and rankings.
Simultaneously, Page Industries has made headlines with its recent corporate developments. On February 5, 2025, the company’s Board of Directors announced the declaration of its third interim dividend for 2024-25, amounting to Rs. 150 per equity share. The record date for this dividend payment is also today, February 13, 2025, with payments expected to be processed by March 7, 2025. This strategic financial decision reflects the company's strong performance, particularly during the October-December quarter of fiscal year 2025.
Financial reports indicate Page Industries has achieved remarkable growth; for Q3 FY25, it reported net profits of Rs. 205 crore, which is significantly up from Rs. 152 crore during the same period last year. The year-over-year growth rate signals impressive momentum, with revenues climbing to Rs. 1,313 crore, marking a 7.1% increase. This uptrend is corroborated by the company’s EBITDA, which surged by 33.6% to Rs. 306 crore, indicating enhanced profitability.
Mandar Bhojane, Equity Research Analyst at Choice Broking, commented on Page Industries' current trading status: "The stock is trading below the 20, 50, and 100-day EMAS, indicating weakness. If the price sustains above 43,600, it could trigger a short-term up move toward 47,000." He continues to affirm the stock’s relevance for investors by stating, "Immediate support is seen at 42,400-42,000, offering potential buying opportunities." Such insights reflect the ever-changing dynamics present within stock market investments and corporate strategies.
Both events on February 13 highlight significant moments within their respective spheres. For cricket fans, the match is not only about the competition but also about witnessing players make their mark at one of the sport's most cherished venues. Likewise, Page Industries’ dividend declaration is notable for shareholders and potential investors, illustrating strong fiscal health amid current market conditions.
With these announcements, February 13, 2025, shines as a day where sports and business converge, showcasing high stakes at Galle International Stadium and promising developments within the corporate sector. Expectations run high as fans and investors watch closely, eager to see how each event will play out and what it will mean for the future.