Financials
Q3-2015: Motion Picture segment pulls Sahara One deeper in red; revenue plummets
BENGALURU: Sahara One Media and Entertainment Limited (Sahara One) reported less than one ninth (1/9.3 times) Income from operations (TIO) for Q3-2015 at Rs 2.20 crore as compared to the Rs 20.41 crore in the corresponding year ago quarter (Q3-2014) and less than a fourth (1/4.3 times) the Q2-2015 TIO of Rs 9.38 crore. 9M-2015 TIO also fell to 1/3.1 times at Rs 22.76 crore from Rs 70.43 crore in 9M-2014.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The company reported higher loss in Q3-2015 at Rs 15.72 crore as compared to a loss of Rs 3.36 crore in Q3-2014 and a loss of Rs 10.36 crore in the previous quarter. Loss in 9M-2015 was Rs 28.39 crore versus a profit of Rs 1.94 crore in 9M-2014.
A major portion of the loss could be attributed to the Sahara One’s Motion Picture segment. This segment reported an operating loss of Rs 14.84 crore against revenue of Rs 0.19 crore in Q3-2015. The company’s Television Broadcasting segment reported an operating loss of Rs 0.79 crore in the current quarter on revenue of Rs 2.33 crore. However, last quarter, the company’s television segment had reported loss of Rs 9.30 crores and revenue of Rs 9.94 crore.
Sahara One’s Total Expenditure (TE) in in Q3-2015 at Rs 18.99 crore (8.6 times TIO) was 16.3 per cent lower than the Rs 23.54 crore (111.1 per cent of TIO) in Q3-2014 and 6.3 per cent less than the Rs 20.33 crore (216.8 per cent of TIO) in the trailing quarter. TE in 9M-2015 at Rs 54.41 crore (239.1 per cent of TIO) was 25.5 per cent lower than the Rs 75.22 crore (106.8 per cent of TIO) in 9M-2014.
A major portion of the company’s TE is purchase of content cost (POC). The company’s POC cost fell to less than half (46.8 per cent) in Q3-2015 at Rs 13.60 crore (617.8 per cent of TIO) as compared to the Rs 29.06 crore (142.4 per cent of TIO) in Q3-2014, but was 2.6 times higher than the Rs 5.26 crore (56.1 per cent of TIO) in Q2-2015. POC cost in 9M-2015 was 1/2.4 times at Rs 28.76 crore (126.3 per cent of TIO) as compared Rs 68.29 crore (97 per cent of TIO) in 9M-2014.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
