Financials
RCom’s 3rd quarter numbers improve on Big TV, consumer business exit
BENGALURU: Anil Dhirubhai Ambani-led Reliance Communications Ltd (RCom) reported 95 percent lower loss for the third quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the immediate trailing quarter (Q2 2018). The company reported loss of Rs 130 crore in Q3 2018 as against a loss of Rs 2,712 crore in Q2 2018. It had reported loss of Rs 531 crore in Q3 2017.
After the planned exit from its consumer business that included wireless, direct-to-home (DTH – Reliance Big TV) and PCO, RCom is left with the B2B business. RCom’s B2B business comprises global and Indian enterprises, internet data centres (IDC), a global submarine cable network and international long-distance voice.
The company said in its media release that it had 40,000 B2B global and Indian customers. It reported a 2.1 percent quarter-on-quarter (qoq) revenue increase for its B2B business at Rs 1,176 crore for the quarter under review. Year on year, revenue in Q3 2018 declined by 30.7 percent from Rs 1698 crore.
EBIDTA for the B2B business increased by 5.9 percent qoq to Rs 252 crore. Net profit after tax (PAT) increased by 28.6 percent q-o-q to Rs 27 crore from Rs 21 crore and was 68.8 percent higher y-o-y that Rs 16 crore.
Revenue from Indian operations declined both qoq and yoy in Q3 2018 by 7.6 percent and 42.9 percent, respectively, to Rs 596 crore. The company had reported revenue from India operations of Rs 645 crore for Q2 2018 and Rs 1,043 crore for Q2 2017. RCom’s Indian operations’ operating profit reduced by 7.7 percent qoq to Rs 60 crore in Q3 2018 from Rs 65 crore but increased yoy from Rs 40 crore.
Global operations revenue grew by 4.1 percent qoq in Q3 2018 to Rs 709 crore from Rs 681 crore but reduced by 37.4 percent yoy from Rs 1,132 crore. RCom reported operating profit of Rs 20 crore from its global operations in Q3 2018 as against loss of Rs 3 crore in the immediate trailing quarter but 44.4 percent lower yoy than the Rs 36 crore reported for Q3 2017.
RCom chairman Anil Ambani said, “RCom’s planned exit from the consumer business has achieved more than the desired results. RCom has reduced its net loss by over 95 percent. RCom expects to deliver even better financial performance in the coming quarters.”
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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.
