Financials
Incubation costs, one time write-offs, event postponement widen NDTV loss in Q4-2014
BENGALURU: New Delhi Television Limited (NDTV) reported a negative PAT of Rs 31.39core in Q4-2014 as compared to a loss of Rs 10.43 crore in the immediate trailing quarter Q3-2014, and a profit of Rs 27.81 crore in the year ago quarter Q4-2013.
For the year as a whole, the company reported a higher loss of Rs 81.18 crore in FY-2014 as compared to a profit of Rs.1.91 crores in the previous fiscal FY-2013.
(Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million)
The company says in its earnings release that the Q4 numbers for FY-2014 include one-time write-offs amounting to Rs 14 crore. University Cricket Championship, which contributed Rs 33 crore in revenue in Q4 in FY-2013 was also postponed this year.
Further the company informs that this has been an investment year for NDTV with an aim to turn around loss making verticals and incubate new growth businesses. Significant incubation costs for NDTV Prime and NDTV e-tailing venture have contributed to the annual losses. These businesses are now showing robust revenue growth, and are heading for profitability, claims NDTV.
Let us look at the other figures reported by NDTV for Q4-2014 and FY-2014
NDTV reported a 2.62 per cent drop in Income from operations (Op Inc) in Q4-2014 to Rs 124.09 crore from Rs.127.43 crore in Q3-2014 and a drop of 33.48 per cent from Rs 185.56 crore in Q4-2013.
The company reported a 12.66 per cent drop in Op Inc to Rs. 460.10 crore in FY-2014 as compared to Rs.526.81 crore in FY-2013.
Two segments now contribute to NDTV’s revenues – a) Television Media and related operations (TV) and b) Retail/E-commerce (Retail).
TV revenue in FY-2014 dropped 13.70 per cent to Rs 454.63 crore from Rs.526.81 crore in FY-2013. NDYV’s TV segment’s Q4-2014 Op Inc at Rs 113.61 crore was 13.29 per cent less than the Rs 131.02 crore in the previous quarter Q3-2014 and was 39.10 per cent lower than the Rs 186.56 crore in Q4-2013.
This segment reported a loss of Rs 29.56 crore in Q4-2014 as compared to a positive result of Rs 3.29 crore in Q3-2014 and a positive result of Rs 35.53 crore n Q4-2013. During FY-2014, the TV segment reported a loss of Rs 30.88 crore as compared to a profit of Rs.3.62 crore in FY-2013.
NDTV’s Retail segment reported an Op Inc of Rs 3.5 crore in Q4-2014 as compared to revenue of Rs 2.31 crore in Q3-2014. In FY-2014, it reported revenue of Rs 6.32 crore. Since the segment commenced operations in FY-2014, the company did not report any numbers for it in FY-2013.
The Retail segment reported a loss of Rs 24.88 crore in FY-2014, while the segment result was NIL in Q4-2014 as compared to a loss of Rs 5.38 crore in Q3-2014.
Marketing, Distribution and Promotional Expenses
The company’s Marketing, Distribution and Promotional Expenses show an upward trend in terms of absolute rupee value; in terms of percentage of Op Inc., the movement is downwards during the four quarters of FY-2014.
Excerpts of what the company has to say:
The Board of NDTV has mandated the management to explore means of unlocking sum of parts shareholder value, through various methods including restructuring or a private placement in NDTV Convergence and/or other subsidiaries.
It is worth noting that NDTV 24×7 has been PAT positive for the last 5 years, with an average annual profit of Rs. 40 crores. The channel continues to command unrivalled viewership (50 per cent plus) in the English news genre.
NDTV Convergence has registered a CAGR of 54 per cent over the last 6 years and is targeting a significant jump in revenues to touch Rs. 100 crores in the coming year.
NDTV Lifestyle Holdings has a cash balance of more than Rs. 110 crores.
NDTV Worldwide, the consultancy arm of the group, has been profitable for the past 4 years.
And now, there are successful efforts to turn around businesses which have been loss making.NDTV India historically a loss making channel, has clocked recordbreaking revenues in FY 2014 and achieved EBITDA breakeven.
NDTV Profit which had been making average annual losses of Rs. 40 crores for the last 3 years is expected to turn around after its revamp. The revenues of the dual channel with pre-sponsored bands are up 140 per cent in April 2014.
www.indianroots.com – The e-tailing venture’s revenues are up by 40 per cent on a q-o-q basis. The incubation costs of Rs. 25 crores have been well spent. Talks are on for a private placement at very attractive valuations says the company.
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.
