Financials
Prasar Bharati grant down, fourfold increase in loans
NEW DELHI: Even as the grant-in-aid to Prasar Bharati in the budgetary allocations for the Information and Broadcasting Ministry for 2007-2008 has come down, there has been a more than fourfold increase in the loans to the public broadcaster over the current financial year.
The loan to Prasar Bharati has been fixed at Rs 2,174.4 million as compared to Rs 411.1 million as sanctioned in the Revised Estimates for 2006-07. The grant-in-aid has come down further, from Rs 11,748.2 million in the Revised Estimates for 2006-7 (as compared to the Budgetary allocation of Rs 12,340.7 million) to Rs 10,639.3 million. All this is apart from the investment of Rs 2,174.4 million.
In keeping with a decision taken with the budget for 2000-01, Prasar Bharati is being funded as a full-fledged autonomous body with effect from April 2000. The grant-in-aid is to cover the gap in resources of Prasar Bharati in meeting its revenue expenditure, while the loans are to finance the capital expenditure.
The total budgetary allocation for the I&B Ministry for 2007-08 is Rs 16,818.4 million as compared to Rs 16,600 million in the Revised Estimates for 2006-07 (as against a Budgetary allocation of Rs 17,160 million in the Budget).
While there is no announcement of any new programmes, the Budget document says the allocation of Rs 220.8 million for buildings and machinery includes funds for the multi-storey building of the Films Division in Mumbai, the Phase II building of the National Film Archives of India in Pune, and a mini Media Centre of the Press Information Bureau in Delhi.
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.
