Financials
FY-16: Sun TV revenue up 7.3 percent, PAT up 16.8 percent
BENGALURU: Sun TV Network Limited (Sun TV) reported 7.3 per cent growth in consolidated Total Income from Operations (TIO) and 16.8 percent growth in profit after tax (PAT) for the period ended 31 March 2016 (FY-16, current year) as compared to fiscal FY-15. TIO in FY-16 was Rs 2,569.79 crore as compared to Rs 2,395.38 crore in FY-15. The company’s PAT in the current year was Rs 913.38 crore (35.5 percent PAT margin) in FY-16 and was Rs 782.04 crore (32.6 percent PAT margin) in the previous year.
Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
Sun TV consolidated EBIDTA in the current year was Rs 1,774.19 crore (69 percent EBIDTA margin) 5.8 percent higher as compared to Rs 1677.03 crore (70 percent EBIDTA margin) in FY-15.
Consolidated Total Expenditure (TE) in the current year declined 2.5 percent to Rs 1,300.53 crore (50.6 percent of TIO) as compared to Rs 1,333.45 crore in the previous year.
Employee Benefits Expense (EBE) in FY-16 increased 15.5 percent to Rs 271.63 crore (10.6 percent of TIO) as compared to Rs 235.08 crore (9.8 percent of TIO) in FY-15.
Other expenses (OE) in the FY-16 was 13.6 percent higher in FY-16 at Rs 222.07 crore (8.6 percent of TIO) as compared to Rs 195.56 crore (8.2 percent of TIO) in the previous year.
Standalone quarterly numbers
For the quarter ended 31 March 2016 (Q4-16, current quarter) Sun TV standalone TIO increased 4 percent year-over-year (y-o-y) to Rs 570.68 crore from Rs 548.58 crore, but declined 0.6 percent quarter-over-quarter (q-o-q) from Rs 574.12 crore.
Standalone PAT in Q4-16 increased 16.3 percent y-o-y to Rs 236 crore (41.4 percent PAT margin) as compared to Rs 548.48 crore (37 percent PAT margin) and increased 9.5 percent q-o-q from Rs 215.59 crore (37.6 percent PAT margin)
Standalone EBIDTA in the current quarter increased 0.8 percent y-o-y to Rs 426.58 crore (74.7 percent EBIDTA margin) from Rs 423.26 crore (77.2 percent EBIDTA margin), but declined 3.1 percent q-o-q from Rs 440.44 crore.
Standalone TE in Q4-16 declined 7.2 percent y-o-y to Rs 244.76 crore (42.9 percent of TIO) from Rs 263.74 crore (48.1 percent of TIO) and declined 8.8 percent q-o-q from Rs 268.43 crore (46.8 percent of TIO).
Standalone EBE in the current quarter increased 20.8 percent y-o-y to Rs 63.02 crore (11 percent of TIO) from Rs 52.16 crore (9.5 percent of TIO) and increased 7.3 percent q-o-q from Rs 58.73 crore (10.2 percent of TIO)
Standalone OE in Q4-16 increased 23 percent y-o-y to Rs 34.77 crore (6.1 percent of TIO) from Rs 28.26 crore (5.2 percent of TIO) but declined 1.1 percent q-o-q from Rs 35.16 crore (6.1 percent of TIO).
Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.05 crore in FY-15 and FY-16.
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.
