Financials
FY-2015: Zee Learn reports profit; adds 500+ franchisee partners
BENGALURU: The Essel group’s education company Zee Learn Limited reported profit after tax (PAT) in FY-2015 as well as across all the four quarters of fiscal 2014-15 (AY-2015-16).
Additionally, the company has also added more than 500 pre-school franchisee partners in FY-2015.
For the current year, the company reported PAT of Rs 9.62 crore (7.9 per cent of Total Income from operations or TIO) as compared to a loss of Rs 1.33 crore in FY-2014. For Q4-2015, the company reported a PAT of Rs 3.81 crore 9.2 per cent of TIO) as compared to a loss of Rs 1.73 crore in Q4-2014 and more than three times (3.48 ties) the PAT of Rs 1.09 crore in the immediate trailing quarter.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
The company’s TIO in FY-2015 at Rs 121.58 crore was two per cent more than the Rs 119.18 crore in FY-2014. TIO in Q4-2015 was 6.8 per cent more at Rs 41.69 crore than the Rs 39.04 crore in Q4-2014 and was more than double (2.1 times) the TIO of Rs 19.84 crore in Q3-2015.
Zee Learn CEO K V S Seshasai said, “The company has shown significant profit after tax, both for current quarter and for the 12 month period. The improved performance is the result of increase in enrolments in Kidzee centres by 18 per cent and by 38 per cent in MLZS during FY-2015 vis-?-vis FY-2014. For the first time, the company has added more than 500 pre-school franchisee partners. Our top line looks muted on account of transferring the operations of servicing educational content of television channel ZeeQ to its group company, Zee Entertainment Enterprises Limited, and due to planned de-growth in non-core businesses.”
Let us look at the other numbers reported by Zee Learn:
Zee Learn’s total expenditure (TE) FY-2015 at Rs 103.45 crore (85.1 per cent of TIO) was 10.4 per cent less than the Rs 115.45 crore (96.9 per cent of TIO) in FY-2014.TE in Q4-2015 at Rs 36.18 crore (86.8 per cent of TIO) was 5.3 per cent lower than the Rs 38.18 crore (97.8 per cent of TIO) in Q4-2014 and was more than double (2.14 times) the Rs 16.91 crore (85.2 per cent of TIO) in Q3-2015.
The company’s marketing, advertisement and publicity expense (marketing expense) for FY-2015 at Rs 14.05 crore (11.6 per cent of TIO) was 2.5 per cent lower than the Rs 13.71 crore (11.5 per cent of TIO) in FY-2014.
In Q4-2105, marketing expense of Rs 8.6 crore (20.6 per cent of IO) was 37.2 per cent more than the Rs 6.27 crore (16.1 per cent of TIO) in Q4-2014 and more than six times (6.14 times) the Rs 1.41 crore (7.1 per cent of TIO) in Q3-2015.
Employee Benefit Expense (EBE) FY-2015 at Rs 24.95 crore (20.5 per cent of TIO) was 20.2 per cent lower than the Rs 31.27 crore (26.2 per cent of TIO) in FY-2014.In Q4-2015, EBE at Rs 6.05 crore (14.5 per cent of TIO) was 24.8 per cent lower than the Rs 8.05 crore in Q4-2014 and 4.5 per cent lower than the Rs 6.33 crore in the year ago quarter.
In FY-2015, Zee Learn’s operating cost at Rs 3.2 crore (2.6 per cent of TIO) was 13.4 per cent lower than the Rs 3.69 crore (3.1 per cent of TIO) in FY-2014.Operating cost in Q4-2015 at Rs 1.25 crore (three per cent of TIO) was 1.2 per cent lower than the Rs 1.27 crore in Q4-2014 and 66.6 per cent more than the Rs 0.75 crore (3.8 per cent of TIO) in Q3-2015.
Other expense in FY-2015 at Rs 23.30 crore (19.1 per cent of TIO) was 8.7 per cent lower than the Rs 25.41 crore (21.3 per cent of TIO) in FY-2014. Other expense in Q4-2015 at Rs 7.41 crore (17.8 per cent of TIO) was 8.6 per cent lower than the Rs 8.11 crore (20.8 per cent of TIO) in Q4-2014 and 71.8 per cent more than the Rs 4.31 crore (21.7 per cent of TIO) 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.
