Financials
Hindustan Media Ventures Q1-2015 q-o-q income up 21 per cent; PAT up 25 per cent
BENGALURU: Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ publishers Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported a 21.1 per cent growth in Total Income from operations (TIO) in Q1-2015 to Rs 222.6 crore as compared to the Rs 183.88 crore in Q4-2014 and 18 per cent more than the Rs 177.3 crore in Q1-2014.
HMVL Q1-2015 PAT at Rs 33.9 crore (15.3 per cent of TIO) was 24.6 per cent more than the Rs 27.21 crore (14.8 per cent of TOI) reported in the immediate trailing quarter and 11.9 per cent more than the Rs 30.30 crore (16.1 per cent of TOI) in the year ago quarter Q1-2014.
Let us look at the other numbers reported by HMVL for Q1-2015
HMVL’s total expenditure (TE) in Q1-2015 at Rs 167.2 crore (75.1 per cent of TIO) was 7.5 per cent more than Rs 155.58 crore (84.6 per cent of TIO) in Q4-2014 and 18.8 per cent more than the Rs 140.7 crore (74.6 per cent of TIO) in Q1-2014.
A major component of the total expenditure is raw materials (RM) consumed. HMVL’s RM in Q1-2015 at Rs 86.80 crore (51.9 per cent of TE) was 7.5 per cent more than the Rs 80.76 crore (51.9 per cent of TE) in Q4-2014 and 26.7 per cent more than the Rs 68.5 crore (48.7 per cent of TE) in Q1-2014.
Y-o-Y the company attributes its growth to 17 per cent increase in advertising revenues to Rs 155.50 crore from Rs 132.60 crore primarily due to increase in advertising yields and a 17 per cent increase in circulation revenues to Rs 49.3 crore from Rs 42.1 crore primarily due to higher circulation and realisation per copy.
HMVL chairperson Shobna Bhartia said, “We have started the new financial year well and the first quarter saw a healthy growth in both revenue and profit. This was the result of growth in advertising, driven by our strong performance in Uttar Pradesh and Uttarakhand, and supported by our continuing dominance in Bihar and Jharkhand. With a strong brand, growing readership, and a healthy balance sheet we are confident of continuing to deliver value to our shareholders.”
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.
