Financials
Inox reports lower PAT for Q3-2014
BENGALURU: Despite higher average ticket price during the quarter, India’s largest multiplex chain – Inox Leisure (Inox) reported a 38.4 per cent drop in PAT to Rs 6.58 crore as compared to the PAT of Rs 10.62 crore y-o-y and a drop of 35.04 per cent from the Rs 10.13 crore PAT reported during the immediate trailing quarter (Q2-2014).
Inox reported total revenue of Rs 214.27 crore for Q3-2014 which was 2.94 per cent more than the Rs 208.15 crore in Q3-2013, but 9.54 per cent lower than the Rs 236.86 crore in Q2-2014.
Though the average price of ticket during Q3-2014 at Rs 163 was 1.88 per cent higher than the average price of ticket of Rs 160 during FY-2013, Inox saw a 1.7 per cent fall in income from operations during Q3-2014 to Rs 200.37 crore from Rs 203.84 crore in the corresponding quarter of last year. Operating Income during Q3-2014 was 12.07 per cent lower than the Rs 227.88 crore of Q2-2014. Lower revenue coupled with lower Exhibition cost and lower Entertainment tax paid by the company seem to indicate a lower occupancy rate, despite tax rebates/waivers in some territories and for some movies, if applicable.
Let us look at the other numbers reported by Inox for Q3-2014…
Total expense for Q3-2014 at Rs 200.36 crore was 7.56 per cent more than the Rs 186.28 crore in Q3-2013 and 4.28 per cent lower than the Rs 209.32 crore in Q2-2014.
As mentioned above, the company paid lower entertainment tax and exhibition cost during the current quarter. Inox paid Rs 25.31 crore as Entertainment Tax during Q3-2014 which was 10.44 per cent lower than the Rs 28.26 crore tax in Q3-2013 and 14.78 per cent lower than the Rs 29.7 crore in Q2-2014.
Exhibition cost incurred at Rs 58.48 crore during Q3-2014 was 5.91 per cent lower than the Rs 57.9 crore in Q3-2013 and 12.41 per cent lower than the Rs 62.2 crore in Q2-2014.
Inox paid 16.9 per cent more towards property rent, conducting fees and common facilities charges during Q3-2014 at Rs 34.58 crore as compared to the Rs 29.58 crore during Q3-2013 and 0.88 per cent more than the Rs 35.28 crore in Q2-2014.
33.41 per cent hike in ‘Other Expenses’ to Rs 48.48 crores in Q3-2014 from Rs 36.64 crore in Q3-2013 and 7.02 per cent from Rs 45.30 crore in Q2-2014 further dented profitability of the company. Also, 22.36 per cent higher Employee cost during Q3-2014 at Rs 13.9 crore as compared to the Rs 11.36 crore in Q3-2013 and 18.6 per cent more than the Rs 11.72 crore in Q2-2014 played a part in damping the profits during the current 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.
