Financials
Elections boost Zee Media’s Q1-2015 ad rev by 51%; TV biz grows 34%
BENGALURU: Zee Media Corporation (ZMCL) reported 33.7 per cent growth for its television business to Rs 103.87 crore in Q1-2015 as compared to Rs 77.68 crore in Q1-2014 and 25 per cent more than the Rs 82.78 crore in Q4-2014. The television segment reported operating result of Rs 4.78 crore in the quarter.
ZMCL’s advertising revenue in Q1-2014 at Rs 80.1 crore grew by 51.2 per cent as compared to the year ago ad revenue of Rs 52.9 crore. Ad revenue from existing channels grew 47.7 per cent to Rs 77.3 crore in Q1-2015 from Rs 52.35 crore in Q1-2014. New channels ad revenue increased to Rs 2.71 crore in Q1-2015 from Rs 0.55 crore in the Q1-2014.
The company reported a Q1-2015 loss of Rs 17.52 crore as compared to a PAT of Rs 4.11 crore in Q4-2014 and PAT of Rs 5.04 crore in Q1-2014.
Note : 100,00,000 = 10 million = 100 Lakhs = 1 crore
ZMCL has included the print segment’s numbers to its consolidated results for Q1-2014 for the first time. The Scheme of Amalgamation (“The Scheme”) for merger of Essel Publishers Private Limited (“EPPL”) with the Company was approved by the Bombay High Court vide Order passed on 2 May 2 2014, with appointed date being 1 April 2014. The Scheme has been made effective on 27 May 2014 and hence given effect to in the financial statements of the current quarter. As per the Scheme, all assets and liabilities of EPPL vested on the company were accounted at their respective fair values as per Accounting Standard 14. In pursuance of the Scheme, the company had on 9 June 2014 issued and allotted 122,381,817 equity shares of Re 1 each fully paid up to the shareholders of EPPL, which has resulted in (i) increase in paid-up capital of the company to 362,145,773 equity shares of Re. 1 each and (ii) increase in shareholding of promoters and promoter group to 69.11per cent. The current period EPS is not comparable to the previous periods, due to such allotment of equity shared during the quarter.
ZMCL’s print segment reported revenue of Rs 29.6 crore in Q1-2015 and an operating loss of Rs 15.19 crore, which was a major addition to the loss reported by the company during the current quarter.
Let us look at the other numbers reported by ZMCL for Q1-2015: (Q-o-q or y-o-y figures cannot be compared)
ZMCL reported total income from operations (TIO) in Q1-2015 to Rs 113.46 crore (includes print segment); Rs 82.78 crore (without print segment) in Q4-2014 and Rs 77.68 crore (without print segment) in Q1-2014.
The company’s total expense in Q1-2015 was Rs 143.80 crore (including print segment). In Q4-2014, total expense was Rs 93.09 crore (without print segment) and in Q1-2014 it was Rs 72.30 crore.
ZMCL’s employee benefit expense (EBE) in Q1-2015 was Rs 39.95 crore (29.9 per cent of TIO, including print segment). In Q4-2014, EBE was Rs 25.13 crore (30.4 per cent of TIO, without print segment) and in Q1-2014, it was Rs 23.25 crore (29.9 per cent of TIO, without print).
The company’s depreciation and amortisation expense in Q1-2015 was Rs 12.43 crore (9.3 per cent of TIO, including print segment), in Q4-2014, it was Rs 4.71 crore (5.7 per cent of TIO, without print segment) and Q1-2014, it was Rs 3.94 crore (5.1 per cent of TIO, without print segment).
ZMCL’s operational cost in Q1-2015 was Rs 32.96 crore (24.7 per cent of TIO, including print segment), in Q4-2014, it was Rs 20.28 crore (24.5 per cent of TIO, without print segment), and in Q1-2014, it was Rs 12.61 crore (17.89 per cent of TIO, without print segment).
The company’s other expense in Q1-2015 stood at Rs 33.78 crore (25.3 per cent of TIO, including print segment), in Q4-2014, it was Rs 27.83 crore (33.62 per cent of TIO, without print segment) and in Q1-2014, it was Rs 21.30 crore (27 per cent of TIO, without print segment)
Zee Media news cluster group CEO Bhaskar Das said, “Continuing to expand our horizon, ZMCL has enlarged its reach to over 147 million users across the country, again consolidating its position as the largest private news network. We have also continued to sharpen our focus on our online medium by ensuring seamless integration of content across platforms. The network set high benchmarks in coverage of general elections, striking a rich balance between insightful analysis and reportage from the field. While we are constantly striving for creating content differentiators, the network has posted a strong growth in advertisement revenue, especially on counting day of general elections.”
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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.
