Financials
FY-2015: TV Today reports 22.4% income growth, PAT up 32.2%
BENGALURU: TV Today Network Limited (TVTN) reported 22.4 per cent growth in Total Income from Operations (TIO) to Rs 476.58 crore as compared to the TIO of Rs 389.44 crore in the previous year. Profit after tax (PAT) for the current year grew 32.2 per cent to Rs 81.03 crore from Rs 61.32 crore in FY-2014. TIO for Q4-2015 at Rs 114.15 crore was 17.2 per cent more than the Rs 97.41 crore in the corresponding year ago quarter but 9.9 per cent lower than the Rs 126.68 crore in Q3-2015.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
TVTN PAT for Q4-2015 at Rs 8.69 crore declined 45.2 per cent as compared to the Rs 15.85 crore in Q4-2014 and was 67 per cent less than the Rs 13.21 crore in the immediate trailing quarter.
Let us look at the other numbers posted by TVTN:
TVTN reported other income of Rs 22.69 crore in FY-201; Rs 11.70 crore in FY-2014; Rs 10.97 crore in Q4-2015; Rs 5.01 crore in Q4-2014 and Rs 4.24 crore in Q3-2015.
The company’s total expenses (TE) for FY-2015 increased 23.2 per cent to Rs 374.90 crore from Rs 304.35 crores in the previous year. TE in Q4-2015 at Rs 112.70 crore was 45.8 per cent more than the Rs 77.31 crore in Q4-2014 and 24.6 per cent more than the Rs 90.48 crore in the preceding quarter.
Production cost in FY-2015 at Rs 54.46 crore was 32.5 per cent more than the Rs 41.09 crore in FY-2014. Q4-2015 production cost increased 37.7 per cent in Q4-2015 to Rs 17.94 crore as compared to the Rs 13.03 crore in Q4-2014 and was 50 per cent more than the Rs 11.96 crore in Q3-2015.
The company’s advertisement, distribution and sales promotion expense (ad expense) in FY-2015 at Rs 101.75 crore was 18.7 per cent more than the Rs 85.74 crore in FY-2014. Ad expense for Q42015 was 80.3 per cent more at Rs 32.68 crore as compared to the Rs 18.12 crore in Q4-2014 and was 30.4 per cent more than the Rs 25.06 crore in Q3-2015.
Segment Results:
TV Broadcasting
TVTN’s TV Broadcasting segment reported 23.3 per cent operating revenue growth in FY-2015 to Rs 461.08 crore as compared to the Rs 374.06 crore in FY-2014. The segment’s operating revenue in Q4-2015 improved 22.5 per cent to Rs 114.54 crore as compared to the Rs 93.5 crore in the corresponding year ago quarter, but declined 9.6 per cent as compared to the Rs 126.68 crore in Q3-2105.
The segment reported 22.1 per cent growth in operating profit to Rs 126.71 crore in FY-2015 as compared to the Rs 103.75 crore in FY-2015. In Q4-2015, operating profit declined 45.9 per cent to Rs 14.90 crore as compared to the Rs 27.55 crore in Q40-2014 and fell to less than the half (38 per cent) of the Rs 39.22 crore in the immediate trailing quarter.
FM Radio Broadcasting
TVTN’s FM Radio Broadcasting segment reported 0.6 per cent growth in operating revenue to Rs 15.48 crore in FY-2015 as compared to the Rs 15.38 crore in FY-2014. Operating revenue for the segment declined 0.3 per cent in Q4-2015 to Rs 3.90 crore as compared to the Rs 3.91 crore in Q4-2015 and declined fourper cent as compared to the Rs 4 crore reported in Q3-2015.
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.
