Financials
FY-2015: Tips reports PAT of Rs 2.7 crore
BENGALURU: Tips Industries Limited’s reported PAT of Rs 2.7 crore in FY-2015 as compared to a loss of Rs 16.24 crore in the previous financial year. The company’s Q4-2015 performance was marred by the operating loss by its film distribution and production segment that reported an operating loss of Rs 12.53 crore, hence wiping out completely and more the operating profit of Rs 7.63 crore reported by its other segment – Audio Products.
The company reported a loss of Rs 7.67 crore in Q4-2015 as compared to a loss of Rs 0.70 crore in the corresponding year ago quarter and a loss of Rs 3.08 crore in Q3-2015.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
Let us look at the other numbers reported by Tips:
Tips reported 1.3 per cent decline in total income from operations (TIO) in FY-2015 to Rs 102.35 crore from Rs 103.67 crore in FY-2014. Q3-2015 TIO increased 12.5 per cent to Rs 10.21 crore from Rs 9.08 crore in Q4-2014 and increased 70.8 per cent from Rs 5.98 crore in the immediate trailing quarter.
Total Expenditure (TE) in FY-2015 declined 19.7 per cent to Rs 88.95 crore as compared to the Rs 110.80 crore in FY-2014. In Q4-2015, TE more than doubled (increased to 2.33 times) to Rs 17.24 crore as compared to the Rs 7.38 crore in Q4-2014 and was 2.38 times more than the Rs 7.23 crore in Q3-2015. Higher TE in Q4-2015 was due to higher cost of production/distribution of films, which is the major expense head for the company.
Tips incurred more than fivefold (5.68 times) increase in cost of production/distribution of films at Rs 12.01 crore in Q4-2014 as compared to the Rs 2.11 crore in Q4-2014 and more than quadruple (4.03 times) the Rs 2.98 crore reported in Q3-2015.
Segment numbers:
Audio Products
Audio Product sales/income in FY-2015 improved five per cent to Rs 32.22 crore from Rs 30.52 crore in FY-2015. In Q4-2015, sales/income from this segment at Rs 10.16 crore was 9.6 per cent higher than the Rs 9.27 crore in Q4-2014 and 69.9 per cent more than the Rs 5.98 crore in Q3-2015.
Audio Product segment reported a 2.7 per cent decline in operating profit to Rs 22.01 crore in FY-2015 from Rs 22.72 crore in FY-2014. As mentioned above, Audio Products segment reported an operating profit of Rs 7.63 crore in Q4-2015, which was 5.7 per cent more than the Rs 7.22 crore in Q4-2014 and 66.9 per cent more than the Rs 4.57 crore in Q3-2015.
Film Distribution/Production
This segment reported 4.1 per cent decline in income to Rs 70.13 crore in FY-2015 from Rs 72.14 crore in FY-2014. Q4-2015 income was Rs 0.053 crore as compared to a negative Rs 0.19 crore in Q4-2014 and Nil in Q3-2015.
As mentioned above, this segment reported operating profit of Rs 0.54 crore in FY-2015 as compared to a loss of Rs 17.53 crore in FY-2015. The segment reported higher loss in Q4-2014 at Rs 12.63 crore as compared to an operating loss of Rs 3.16 crore in the corresponding year ago quarter and an operating loss of Rs 3.45 crore in the immediate preceding quarter.
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.
