Financials
Radio One reports improved operating results, lower loss for HY1-2014
BENGALURU: Next Mediaworks Limited and BBC worldwide joint venture Radio One (Radio One) reported a growth in revenue of 19 per cent for HY1-2014 to Rs 28.07 crore as compared to the Rs 23.57 crore for the corresponding period of last year. The company was previously known as Mid-Day Multimedia Limited.
The company reported a 340 per cent jump in PBIT for H1-2014 to Rs 3.17 crore from Rs 0.72 crore during the corresponding period last year.
Overall, the company reported about one third (33.8 per cent) loss of Rs (-1.22) crore for H1-2014 as compared to the Rs (-3.61) crore for H1-2013.
Let us look at the figures reported for Q2-2014 by Radio One
Radio One reported revenue of Rs14.14 crore for Q2-2014 which was about 1.5 per cent higher than the Rs 13.93 crore for Q2-2013 and about 12.6 per cent more than the Rs12.56 crore for Q1-2014.
Expenditure at Rs12.83 crore for Q2-2014 was about 4.1 per cent lower than the Rs13.38 crore y-o-y and about 1 per cent higher than the Rs12.71crore q-o-q.
The company paid 1.43 per cent lower license and royalty fees for Q2-2014 at Rs 1.38 crore as compared to the Rs1.4 crore for Q2-2013 and about 0.7 per cent higher than the Rs1.37 crore for Q1-2014.
Radio One paid finance cost of Rs1.25 crore which was 3.8 per cent lower than the Rs1.30 crore for Q2-2013, but 15.7 per cent more than the Rs1.08 crore for the immediate trailing quarter.
It spent 28 per cent less towards advertising and marketing costs for Q2-2014 at Rs 0.34 crore as compared to the Rs 0.5 crore for Q2-2013 and less than half (42 per cent) of the Rs 0.81 crore for Q1-2014.
Deferred tax for the current period (Q2-2014) of Rs (-0.63) crore resulted in a loss of Rs (-0.57) crore from ordinary activities and minority interest added another Rs (-0.11) crore to bring the net loss for the period to Rs 0.68 crore.
Q2-2014 loss at Rs (-0.68) crore was 13.6 times the Rs (-0.05) loss for Q2-2013 and 28.3 per cent higher than the Rs 0.53 crore for Q1-2014.
Next Radio managing director and CEO Vineet Singh Hukmani said, “It feels wonderful to be part of a team that has met huge challenges and come out on top. Despite a slowdown in the economy, we continue to outgrow the market on profit margins due to our consistent differentiation strategy across all our seven markets. We have doubled the cash generated by the business this H1 as compared to last year and with our debt retirement being on track, this opens doors for us to continue investing into our largest assets, our people, our product and future digital engagement strategies.
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.
