Financials
Zee Telefilms Q3 net profit up 4.5 %
MUMBAI: Zee Telefilms’ net profit rose 4.52 per cent to Rs 384.10 million for the quarter ended 31 December 2004, as against Rs 367.50 million a year ago. Total income increased to Rs 1937.80 million, up from Rs 1793.80 million.
The group’s consolidated net profit, however, declined 8.67 per cent to Rs 823.70 million for the quarter ended 31 December 2004, compared to Rs 901.90 million a year ago. Total revenue decreased to Rs 3390.10 million, down from Rs 3745.70 million.
Highlights
Ad revenues Rs 1,796 million; down 2.5 %
Total subscription revenue Rs 1,624 million; up 8.2 %
Domestic subscription revenue, including DTH, Rs 707 million; up 31.3 %
But excluding Padmalaya, the consolidated revenues were at Rs 3,550 million, representing a marginal one per cent growth over the corresponding period in the previous fiscal (excluding Padmalaya).
The consolidated operating profit, excluding Padmalaya, stood at Rs 1,093 million, representing a 9 per cent decline over the same period last year (excluding Padmalaya). Profit before tax for the third quarter of the current fiscal was Rs 1,103 million, a decline of 5 per cent as compared to the corresponding quarter last year. Net profit stood at Rs 865 million, higher by one per cent.
The figures are after consolidating the financials of ETC Networks, without including the financials of Padmalaya Telefilms as Zee’s holding in Padmalaya has dropped below 50 per cent. In the corresponding quarter last year, Padmalaya had contributed Rs 224 million to revenues and Rs 65 million to operating profits. During this quarter, Rs 160 million in revenue and Rs 72 million in operating profits, previously consolidated in 1QFY2005, have been reversed from the 3Q FY2005 published financials, Zee explained in an official release.
Zee’s performance this quarter was hit by a 2.5 per cent decline in advertisement revenue to Rs 1,796 million for the third quarter ended 31 December 2004, as compared to Rs 1,842 million of the corresponding period last fiscal. Ad revenues contributed 53 per cent to the total revenue for the third quarter this fiscal, compared to 49.2 per cent a year ago.
Subscription revenue, however, grew 8.2 per cent, standing at Rs 1,624 million, as against Rs 1,502 million. For Q3-05, 47.9 per cent of the total revenues came from subscription as compared to 40.1 per cent of the corresponding period last fiscal. Domestic subscription revenue, including DTH, was Rs 707 million for the third quarter ended 31 December, 2004, an increase of 31.3 per cent as compared to the corresponding period last fiscal.
Overall, the programming and transmission cost went down 10.7 per cent compared to the corresponding period last year. Other costs, including marketing and administrative costs have declined marginally. As a result, total expenses were lower by 4.4 per cent. Operating profit has recorded a drop of 19.5 per cent to Rs 1,021 million, while operating profit margin was at 30.1 per cent, as compared to 33.9 per cent achieved during the corresponding quarter last year.
Zee Telefilms has appointed Puneet Goenka as an additional and whole-time director of the company for five years.
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.
