Financials
Zee Telefilms notches up better than expected FY 2000-2001 showing
Zee Telefilms never ceases to surprise you. And its latest financial results for the year 2000-2001 must be surely making many an industry watcher shake their heads in disbelief. But the results are there for all to see. Still, one will have to wait for the Annual Report to make more sense of the financials.
But for the nonce, one will have to complement the Subhash Chandra-led management for what can be called a better than expected performance at a time when everyone had been writing Zee TV’s obit.
Total income for Zee Telefilms is up 68 per cent to Rs 4.35 billion (RS 2.97 billion) aided by a hefty increase in other income to RS 511.11 million (RS 100.8 million). Net profit is up 59 per cent to RS 1.38 billion (RS 822.5 million).
A point to note is that the company’s investment in programming has risen this year by a healthy 30-odd per cent to RS 1.81 billion from RS 1.31 billion in the previous year. It shows that the company is going back to basics – focusing on content.
A dividend of 55 per cent has been recommended by the management, which should keep shareholders – who have been bruised by the downslide in the share price – in some cheer.
Zee Telefilms figures for Q4 2001 show that total income is up 57 per cent to RS 1,364.4 million (RS 780.9 million in Q4 2000) while programming costs have more than doubled to RS 647.6 million (RS 299.3 million). Net profit has more than doubled to RS 472.9 million (RS 203.9 million).
The Zee Network Financial Roundup
Looking at the Zee Network as a whole, total revenues have been far higher than predicted by market analysts with total income of RS 10.16 billion, an increase of 29.1 per cent over last year’s figure of RS 7.87 billion. Q4 revenues have also shown a jump to RS 2.99 billion over last year’s figure of RS 2.11 billion.
Breaking down the revenues, there have been significant increases in other sales (now what’s that?) and interest earned. Looking at subscription and ad revenues separately, the increases have not been quite so significant. With Zee TV expected to go pay in the first half of June 2001, subscription revenues are expected to give a significant boost to the overall profitability of the company in the future.
However, it remains to be seen how ad sales will be impacted because going pay normally results in a loss of viewership as decoder boxes are rolled out nationally – with a concomitant loss in ad revenue. And considering the depressed market scenario there may even be a bigger fall in ad sales revenues than that.
Coming back to the figures. Ad revenues have gone up from RS 5.74 billion last year to RS 6.77 billion this year. Subscriptions have increased from Rs1.81 billion to RS 2.05 billion. Pretty healthy numbers for a channel that was supposedly in the dumps.
Figures for other sales show an increase from RS 203 million to RS 754.5 million. Other sales in Q4 went from RS 83.9 million to RS 345.2 million, an over 400 per cent increase. Interest income also saw a big jump. It went from RS 114 million to RS 585.8 million, a fivefold increase. Income increase in Q4 was even bigger – from RS 15.4 million to RS 206.1 million, that’s 1,238 per cent more than last year.
As far as the results go, market analysts HSBC Securities & Capital Markets Ltd were the closest in their predictions of how the results would pan out (see earlier report).
All in all Zee seems to have done a neat number on all the naysayers who had written off its chances of making a comeback.
There was some activity on another front as well. Sandeep Goyal, the freshly inducted group broadcasting CEO, is now a whole time director of the company. And Rajeev Chandrashekhar, head honcho of consumer electronics major BPL LTD (with interests in a whole slew of other ventures) and Vipin Malik, a Delhi-based chartered accountant, have been inducted as additional independent directors. According to company officials, Malik was formerly on the board of the the Reserve Bank of India.
To read Zee Telefilms results fully as a pdf (Acrobat Reader) file click here. To download Acrobat Reader for Windows click here.
Chandra returns RS 500 million given to Essel Group investment firms
In another announcement, Zee Telefilms said that chairman Subhash Chandra said that he had returned RS 500 million of the RS 2500 million that had been transferred from ZTL to investment companies belonging to Chandra’s Essel group for acquiring stakes in B4U and AB Corp. He is supposed to return the entire sum by 30 June 2001.
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.
