Financials
Vodafone India revenue up 17.7 per cent in Q3-2015
BENGALURU: Vodafone Group Plc announced results for the quarter ended 31 December, 2014 (Q3-2015). Group revenue was ?10.9 billion and Group service revenue was ?9.8 billion. On an organic basis Group service revenue decreased 0.4 per cent (Q2-2015: -1.5 per cent) and, excluding the impact of mobile termination rate (‘MTR’) cuts, Group service revenue grew 0.2 per cent (Q2-2015: -0.9 per cent).
At the time of writing this report 1 (one) British Pound Sterling (?) equals 94.27 Indian Rupees (Rs)
Vodafone Group CEO Vittorio Colao said, “We have achieved another quarter of improving revenue trends in most of our major markets. Growth in India has accelerated again, driven by data. In Europe, improved commercial execution in both mobile and fixed over the last few quarters, combined with strong data demand and a more stable pricing environment, is supporting the steady recovery in the top line. Our recent cable acquisitions continue to perform well, with good progress made on integration.
“Our Project Spring investment programme is well advanced, with 4G coverage in Europe now 65 per cent, dropped call rates down to 0.64 per cent, and 26 million homes now passed by our own next generation networks: our customers are really beginning to notice the difference in experience that this investment delivers. We are confident that, over time, this will translate into further improvements in customer perception, ARPU and churn,” he added.
India numbers
Vodafone India revenue in Q3-2015 increased 17.1 per cent to ?1103 million from ?937 million in Q3-2014. The breakup of India services are: Mobile In-bundle revenue of ?221 million in Q3-2015 was 44.4 per cent more than the ?153 million in the year ago quarter. Mobile out-of-bundle revenue was up 9.3 per cent to ?647 million in the current quarter from ?592 million in the corresponding quarter of last year. Mobile incoming revenue at ?152 million in Q3-2015 was 6.2 per cent lower than the ?162 million in Q3-2014. Fixed line revenue went up almost seven fold to ?48 million from ?7 million in Q3-2014. ‘Other’ revenue increased 52.2 per cent to ?35 million in Q3-2015 from ?23 million in Q3-2014.
Excerpts from Vodafone quarterly earnings:
Service revenue increased 15.0 per cent (Q2-2015- 13.2 per cent), with an acceleration in quarterly revenue trends driven by data uptake and customer growth.
Data revenue continued to grow strongly, with mobile internet revenue up 70 per cent. This was supported by 30 per cent growth in data customers to 59 million, of which 16.6 million were 3G, and 40 per cent growth in average data usage per customer. Voice rates per minute remained flat, with average minutes of use down 6.6 per cent. Total mobile customers increased 4.8 million in the quarter giving a closing customer base of 178.7 million.
We continue to make good progress on Project Spring with 5,500 radio sites added in the quarter, (26,000 since the build commenced) taking our 3G outdoor coverage in targeted urban areas to 90 per cent. The expansion of our retail store footprint also remains on track. M-Pesa continues to expand and now has 337,000 active customers, generating 78,000 transactions per day, supported by over 85,000 agents.
Click here to read interim management statement for the quarter
Click here to read Vodafone Group’s interim management statement
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.
