Financials
Q2-2014: Hindustan Ventures: Indusind media triples capital employed
BENGALURU: IndusInd Media & Communications Limited’s (IMCL) holding company Hinduja Ventures Limited (HVL) reported profit of Rs 19.68 crore about 0.8 per cent lower as compared to Rs 19.84 crore and five per cent higher than the Rs 18.74 crore profit for Q1-2014.
Capital employed (segment assets minus segment liabilities) for media and communications segment more than tripled (3.08 times) to Rs 295.31 crore in Q2-2014 as compared to the Rs 95.94 crore for Q2-2013 and 3.03 times the Rs 97.44 crore for the immediate trailing quarter Q1-2014.
For the current quarter, HVL reported a total income of Rs 26.18 crore, 6.2 per cent more than the Rs 24.65 crore for Q2-2013 but 1.7 per cent lower than the Rs 26.62 crore for Q1-2014.
However, HVL reported a loss of Rs (-2.60) crore from its media and communications segment for Q2-2014 as compared to small profit of Rs 0.5717 crore for the corresponding quarter of last year and a loss of Rs (-4.40) crore for the immediate trailing quarter. Revenue from this segment in HVL’s financials for Q2-2014 fell by 25.3 per cent to Rs 1.09crore as compared to the Rs 1.46 crore for Q2-2013. For Q1-2014, revenue from media and communications was also Rs 1.09 crore.
HVL claims that IMCL has an estimated subscriber base of 0.85 crore subscribers in 36 major cities in the country and that IMCL has planned new services for the digital cable foray, apart from the broadband services like HD services, hybrid STBs for cable and internet, and value added services for digital cable. It says that the Digital Addressable System (‘DAS’) that was introduced by the government on 1 November 2012 in phases – offers a unique opportunity to IMCL to make all its subscribers addressable and monetise its subscription revenues manifold.
Three other segments besides media and communications contribute to HVL’s revenue – real estate; investments and treasury; and others. While all the other segments reported small loss, investments and treasury reported a profit of Rs 24.15 crore for Q2-2014 as compared to the Rs 22.35 crore for Q2-2013 and the Rs 24.43 crore for Q1-2014.
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.
