Financials
ENIL reports 42 per cent higher PAT for Q2-2015
BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 42 per cent higher y-o-y PAT for Q2-2015 at Rs 23.30 crore (22.4 per cent of Total Income from Operations or TIO) as compared to the Rs 16.41 crore (19 per cent of TIO). PAT in Q2-2015 was 4.3 per cent lower than the Rs 24.35 crore (26.1 per cent of TIO) in Q1-2015. For HY-2015, ENIL reported 32.2 per cent growth in PAT to Rs 47.65 crore (24.1 per cent of TIO) from Rs 36.33 crore (21.15 per cent of TIO) in HY-2014.
Notes: (1) 100,00,000 = 100 lakh = 10 million = 1 crore
ENIL Total Income from Operations (TIO) in Q2-2015 at Rs 104.03 crore was 11.6 per cent more than the Rs 93.26 crore in Q1-2015 and 20.2 per cent more than the Rs 86.55 crore in Q2-2014. For HY-2015, TIO at Rs 197.63 crore was 15 per cent more than the Rs 171.78 crore in HY-2014.
Let us look at the other numbers reported by ENIL
ENIL total expense (TE) in Q2-2015 at Rs 80.89 crore (77.8 per cent of TIO) was 21.5 per cent more than the Rs 66.58 crore (71.4 per cent of TIO) in Q1-2015 and 16.8 per cent more than the Rs 69.24 crore (80 per cent of TIO) in Q2-2014. For HY-2015, TE at Rs 147.47 crore (74.6 per cent of TIO) was 11.4 per cent more than the Rs 132.38 crore (77.1 per cent of TIO) in HY-2014.
The company’s production expense in Q2-2015 at Rs 4.52 crore (4.3 per cent of TIO) was 9.5 per cent more than the Rs 4.13 crore (4.4 per cent of TIO) in Q1-2015 and 11.2 per cent more than the Rs 4.06 crore (4.7 per cent of TIO) in Q2-2014. In HY-2015, production expense at Rs 8.64 crore (4.4 per cent of TIO) was 9.6 per cent more than the Rs 7.88 crore (4.6 per cent of TIO) in HY-2014.
The company paid 13.3 per cent higher license fee in Q2-2015 at Rs 5.27 crore (5.1 per cent of TIO) as compared to the Rs 4.65 crore (5 per cent of TIO) in Q1-2015 and 13.2 per cent more than the Rs 465.1 crore (5.4 per cent of TIO) in Q2-2014. For HY-2015, ENIL paid license fee of Rs 9.91 crore (5 per cent of TIO), which was 6.2 per cent more than the Rs 9.34 crore (5.4 per cent of TIO) in HY-2014.
The company almost doubled (up 1.97 times) its marketing expense in Q2-2015 to Rs 23.73 crore (22.8 per cent of TIO) from Rs 12.03 crore (12.9 per cent of TIO) in Q1-2015 and increased it by 38.9 per cent from Rs 17.09 crore (19.7 per cent of TIO) in Q2-2014. Marketing expense for HY-2015 at Rs 35.77 crore (18.1 per cent of TIO) was 29.1 per cent higher than Rs 27.69 crore (16.1 per cent of TIO) in HY-2014.
Employee Benefit Expense (EBE) in Q2-2015 at Rs 20.17 crore (19.4 per cent of TIO) was 1.2 per cent lower than the Rs 20.41 crore (21.9 per cent of TIO) in Q1-2015 and 8.7 per cent more than the Rs 18.55 crore (21.4 per cent of TIO) in Q2-2014. HY-2015 EBE was higher by 8.1 per cent at Rs 40.57 crore (20.5 per cent of TIO) than the Rs 37.55 crore (21.9 per cent of TIO) in HY-2014.4
Other expense in Q2-2015 rose 11 per cent to Rs 19.05 crore (18.3 per cent of TIO) from Rs 17.17 crore (18.4 per cent of TIO) in Q1-2015 and was 12.4 per cent more than the Rs 16.95 crore (19.6 per cent of TIO) in Q2-2014. Other expense in HY-2015 rose 5.9 per cent to Rs 36.22 crore (18.3 per cent of TIO) from Rs 34.21 crore (19.9 per cent of TIO) in HY-2014.
“The radio sector has again turned out an impressive performance, not surprising considering that it accounts for more than 30 per cent of media consumption time, but gets only 5-6 per cent of advertising revenues. We believe radio will continue to grow faster than other media in the future as well. We are excited that the PM himself believes so strongly in radio, and hope that the Ministry of I&B under Mr. Arun Jaitley will quickly complete the auctions process commenced by Mr. Prakash Javadekar. Overall, we remain buoyant about radio’s prospects in the years to come,” said ENIL CEO Prashant Panday.
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.
