Financials
Double digit growth at Star India helps push Fox’s numbers up
BENGALURU: 21st Century Fox reported that international affiliate revenue increased 11 percent driven by rate and subscriber growth at both FNG International and Star India for its cable network programming segment for the quarter ending 30 September 2017. The segment’s international advertising revenue increased 10 percent led by double digit growth at Star India and continued growth at FNG International says a 21st Century Fox release. International OIBDA (Operating Income Before Depreciation and Amortisation) contributions were similar to the prior year quarter as higher contributions at Star India were offset by lower contributions at FNG International where higher entertainment and sports programming costs more than offset the higher reported revenues.
21st Century Fox reported total quarterly revenues of $7.002 billion, a $496 million, or 8 percent, increase from the $6.51 billion of revenues, reported in the prior year’s quarter. This increase reflects revenue growth reported across all operating segments, led by higher affiliate revenues at both the cable network programming and television segments and higher content revenues at the filmed entertainment segment.
The company reported quarterly income from continuing operations attributable to 21st Century Fox stockholders of $839 million ($0.45 per share), as compared to $827 million ($0.44 per share) reported in the prior year quarter. Excluding the net income effects of impairment and restructuring charges, Other, net and adjustments to equity earnings of affiliates adjusted quarterly earnings per share from continuing operations attributable to 21st Century Fox stockholders was $0.49 compared to the adjusted result of $0.51 for the same quarter of the prior year.
Commenting on the results, 21st Century Fox executive chairmen Rupert and Lachlan Murdoch said, “The company’s double-digit gains in affiliate revenues demonstrate our strength in the dynamic global market for distinctive video brands and content, across both established distributors and new entrants. We delivered top-line growth at all of our businesses, backed by stand-out storytelling, sports and news, as well as a product focus that will drive greater consumption and compelling opportunities for financial returns on our content investment. Our solid first quarter performance puts us on track to achieve our overall financial and operational objectives for this fiscal year.”
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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.
