Financials
Q3-2015: PVR reports almost four fold Q2-2015 PAT
BENGALURU: Last fiscal (FY-2014), Indian motion picture exhibition, production and distribution house PVR Limited (PVR) entered the Rs 1000 crore club by posting operating income (TIO) of Rs 1351.23 crore for the year. The company’s PAT in Q3-2015 almost quadrupled (went up 3.88 times) to Rs 31.59 crore from Rs 8.15 crore and was 2.27 times the PAT of Rs 13.91 crore in the corresponding quarter of last year (Q3-2014). However, year to date (TTD) PAT for 9M-2015 at Rs 47.2 crore was 15 per cent less than the Rs 55.33 crore in 9M-2014.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore.
In Q3-2015, the company recorded a rise in TIO of 5.3 per cent to Rs 419.35 crore from Rs 399.30 crore in the immediate trailing quarter and recorded a 24.8 per cent jump from the Q3-2014 TIO of Rs 336.66 crore. In 9M-2015, PVR reported TIO of Rs 1182.77 crore, up 14.1 per cent from the Rs 1037 crore in 9M-2014.
Let us look at the other Q2-2015 and HY-2015 numbers reported by PVR:
PVR reported a drop in Total Expenditure in Q3-2015 of 0.6 per cent at Rs 369.47 crore as compared to the Rs 372.66 crore for Q2-2015, and 19.9 per cent more than the Rs 308.24 crore in Q3-2014. For 9M-2015, TE was 18.1 per cent higher at Rs 1078.81 crore against Rs 913.54 crore in 9M-2014.
The company’s Film Exhibition Cost (FEC) in Q3-2015 went up 5.6 per cent to Rs 98.49 crore from Q2-2015 FEC of Rs 93.25 crore and was 18.2 per cent more than the Rs 83.34 crore in Q3-2014. 9M-2015 FEC at Rs 279.22 crore was 7 per cent more than the Rs 260.89 crore in 9M-2014.
The cost of Food and Beverages consumed (food) in Q3-2015 at Rs 30.05 crore was 4.9 per cent more than the Rs 28.65 crore in Q2-2015 and was 37.3 per cent more than the Rs 21.89 crore in Q3-2014. For 9M-2015 food costs rose sharply by 23.5 per cent to Rs 86.33 crore from Rs 69.92 crore in 9M-2014.
PVR’s other expense (OE) in Q3-2015 at Rs 39.85 crore also increased by 9.5 per cent from Rs 32.78 crore in Q2-2015 and was 22.7 per cent more than the Rs 32.49 crore in Q3-2014. OE in 9M-2015 was up by 21.6 per cent at Rs 116.88 crore as compared to the Rs 96.1 crore in 9M-2014.
Segment Revenue
Three segments add to PVR’s numbers – movie exhibition, movie production and distribution and others that comprises bowling, gaming and restaurant services.
Movie Exhibition
The largest contributor to PVR revenues is movies exhibition. Revenue from this segment increased 7.1 per cent to Rs 393.48 crore from Rs 367.28 crore in Q2-2015 and increased 24.7 per cent from Rs 315.59 crore in Q3-2014. For 9M-2015, revenues from the movies exhibition segment increase 13.1 per cent to Rs 1099.89 crore from Rs 971.90 crore in 9M-2014.
Though this segment reported an 82.6 per cent growth in operating profits to Rs 50.55 crore in Q3-2015 from Rs 27.14 crore in Q-2015 and growth of 83.3 per cent from Rs 27.58 crore in Q3-2014, its operating profit fell 15.9 per cent in 9M-2015 to Rs 104.06 crore from Rs 123.74 crore in 9M-2014.
Movie production and distribution
Revenue from PVR’s MPD segment in Q3-2015 fell 37.2 per cent to Rs 11.85 crore from Rs 18.87 crore in Q2-2015 and was 75 per cent more as compared to the Rs 6.77 crore in Q3-2014. In 9M-2015, revenue from the MPD segment went up 2.01 times to Rs 37.71 crore from Rs 18.72 crore in 9M-2014.
This segment returned an operating profit of Rs 0.43 crore in Q3-2015, Rs 1.34 crore in Q2-2015 and an operating profit of Rs 2.54 crore in Q3-2014. For 9M-2015, this segment reported a lower operating profit of Rs 1.21 crore versus an operating profit of Rs 1.59 crore in 9M-2014.
Others
PVR’s Others segment reported a 4.5 per cent increase in revenue in Q3-2015 to Rs 19 crore from Rs 18.19 crore in Q2-2015 and an increase of 10.2 per cent from Rs 17.24 crore in Q3-2104. For 9M-2015, this segment’s revenue at Rs 56.69 crore was 3.3 per cent more than the Rs 54.86 crore in 9M-2014.
Loss from PVR’s Other segment was lower at Rs 0.13 crore in Q3-2015 as compared to the Rs 0.96 crore in Q2-2015 and loss of Rs 1.65 crore in Q3-2014. For 9M-2015, loss from this segment was lower at Rs 1.34 crore as compared to a loss of Rs 1.67 crore in Q3-2014.
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.
