Financials
Higher Operation costs pull down Raj TV Q2-2015 PAT to one fourth of Q1-2015
BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported PAT of Rs 0.755 crore (3.8 per cent of Total income from operations or TIO) in Q2-2015, which was a little more than one fourth (1/3.9 times) the Rs 2.922 crore (15.3 per cent of TIO) in Q1-2015 and a little more than one fifth (1/4.6 times) the Rs 3.46 crore (18.9 per cent of TIO) in Q2-2014.
For HY-2015, PAT was less than half (0.42 times) at Rs 3.43 crore (8.7 per cent of TIO) versus Rs 8.13 crore (22.2 per cent of TIO) in HY-2014.
Note: 100,00,000 = 100 Lakh = 10 million = 1 crore.
The company’s operations cost (cost of revenue or COR) in Q2-2015 at Rs 8.65 crore (43.1 per cent of TIO) was 39 per cent more than the Rs 6.22 crore (32.6 per cent of TIO) in Q1-2015 and 66.9 per cent more than the Rs 5.18 crore (28.2 per cent of TIO) in the corresponding quarter of last year. COR for HY-2015 was reported at Rs 14.87 crore (38 per cent of TIO), 24.6 per cent more than the Rs 11.93 crore (32.6 per cent of TIO) in HY-2014.
An 83 per cent hike in the company’s Employee Benefit Expense (EBE) also contributed to the lower HY-2015 results. Increase in COR and EBE were the major contributors to the higher Total Expenditure in Q2-2015 and HY-2015.
Let us look at the other Q2-2015 results by Raj TV
TIO for the company in Q2-2014 was up 5 per cent at Rs 20.08 crore as compared to the Rs 19.11 crore in Q1-2015 and 9.4 per cent more than the Rs 18.35 crore in Q2-2014. For HY-2015, Raj TV reported 7 per cent higher TIO of Rs 39.19 crore versus Rs 33.64 crore in HY-2014.
Raj TV’s Total Expenditure (TE) in Q2-2015 at Rs 17.61 crore (87.7 per cent of TIO) was 19 per cent more than the Rs 14.8 crore (77.4 per cent of TIO) in Q1-2015 and 34.6 per cent more than the Rs 13.09 crore (71.3 per cent of TIO) in Q2-2014. For HY-2015, the company’s TE was reported at Rs 32.41 crore (82.7 per cent of TIO) was 25 per cent more than the Rs 25.94 crore (70.8 per cent of TIO) in HY-2014.
Raj TV’s administrative and other expense (A&OE) in Q2-2015 at Rs 2.83 crore (14.1 per cent if TIO) was 11.3 per cent more than the Rs 2.54 crore (13.3 per cent of TIO) but 7.6 per cent lower than the Rs 3.06 crore (16.7 per cent of TIO) in Q2-2014. A&OE for HY-2015 at Rs 5.37 crore (13.7 per cent of TIO) was 6.7 per cent lower than the Rs 5.75 crore (15.7 per cent of TIO) in HY-2014.
EBE in Q2-2015 at Rs 5.52 crore (27.5 per cent of TIO) was 1.7 per cent more than the Rs 5.43 crore (28.4 per cent of TIO) in the immediate trailing quarter and 53.4 per cent more than the Rs 3.6 crore (19.6 per cent of TIO) in the corresponding quarter of 2014. As mentioned above, EBE for HY-2015 at Rs 10.95 crore (27.9 per cent of TIO) was almost double (up 83 per cent) the Rs 5.98 crore (16.3 per cent) in HY-2014.
The company’s finance costs have gone up y-o-y. For Q2-2015, finance cost at Rs 1.4406 crore (7.2 per cent of TIO) was almost flat (down 0.4 per cent) as compared to the Rs 1.4471 crore (7.6 per cent of TIO) in Q1-2015, but 48.3 per cent more than the Rs 0.9715 crore (5.3 per cent of TIO) in Q2-2014. In HY-2015, finance cost at Rs 2.89 crore (7.4 per cent of TIO) was 60 per cent more than the Rs 1.8 crore (4.9 per cent of TIO) in HY-2014.
Click here for unaudited financial results
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.
