Financials
Eros International reports 40 per cent PAT q-o-q growth in Q2-2015
BENGALURU: The Sunil Lulla led Indian motion picture production and distribution company Eros International Media Limited (Eros) reported 39.9 per cent growth in PAT at Rs 50.14 crore (20.9 per cent of net Total Income from Operations or TIO) in Q2-2015 from the Rs 35.84 crore (14.8 per cent of TIO) in Q1-2015 and 35.6 per cent growth from the Rs 36.97 crore (18.4 per cent of TIO) in the corresponding year ago quarter. In HY-2015, PAT grew 35.1 per cent to Rs 85.98 crore (17.9 per cent of TIO) from Rs 63.64 crore (16.4 per cent of TIO) in HY-2014.
Note: 100,00,000 = 100 lakhs = 10 million = 1 crore
The company reported almost flat q-o-q TIO (down by 0.7 per cent) in Q2-2015 at Rs 239.90 crore versus the Rs 241.49 crore in Q1-2015 and 19.3 per cent TIO growth from the Rs 201.05 crore in Q2-2014. Revenue (TIO) for HY-2015 grew by 24.3 per cent to Rs 481.39 crore from Rs 387.37 crore in HY-2014.
Eros released 30 films -20 Hindi and 10 Tamil/Telugu regional films in HY-2015 as compared to the 26 films (11 Hindi, 14 Tamil/Telugu and 1 other language) in HY-2014. Eros says that 2 of the films were high budget and 28 were medium and low budget films.
Let us look at the other numbers reported by Eros for Q2-2015 and HY-2015
Eros Total Expenditure (TE) in Q2-2015 at Rs 168.19 crore (70.1 per cent of TIO) was 8.9 per cent lower than the Rs 184.68 crore (76.5 per cent of TIO) in Q1-2015 and 11.3 per cent more than the Rs 151.16 crore (75.2 per cent of TIO) in Q2-2014. TE in HY-2015 at Rs 352.87 crore (73.3 per cent of TIO) was 17.9 per cent more than the Rs 299.24 crore (77.2 per cent of TIO) in HY-2014.
The company’s finance cost in Q2-2015 at Rs 10.92 crore (4.6 per cent of TIO) was 16.5 per cent more than the Rs 9.37 crore (3.9 per cent of TIO) in Q1-2015 and 76.1 per cent more than the Rs 6.2 crore (3.1 per cent of TIO) in Q2-2014. For HY-2015, finance cost at Rs 20.29 crore was almost double (up 1.88 times) the Rs 10.81 crore in HY-2014.
Eros managing director Sunil Lulla said, “We reported healthy results in the first half driven by the performance of new releases in Hindi and regional languages and robust monetization of library films over existing and emerging distribution channels. We remained focused towards diversifying mix of movies with increasing emphasis on high profile regional language films with our tentpole Hindi language films.”
“Our ErosNow initiative continued to gain momentum as we premiered a whole host of films on this online service. We will be launching a new mobile app for ErosNow by the end of this year and along with our recently announced Techzone acquisition, we are positive about increased uptake of this unique service in the near future,” added Lulla.
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.
