Financials
NDTV Digital narrows NDTV loss in second quarter
BENGALURU: Operating profit at NDTV Digital has enabled New Delhi Television Limited (NDTV) to narrow consolidated operating loss (EBIDTA) to Rs 137.7 million for the quarter ended 30 September 2017 (Q2 FY 2017-18). An NDTV earnings release mentions a rounded off operating loss of Rs 20 million incurred by the company. The release also states rounded off operating losses by NDTV’s television and allied and ecommerce businesses to the extent of Rs 135 million and Rs 1 million, respectively, and operating profit of Rs 12 million from its digital business during the quarter.
During the corresponding quarter a year ago, operating profit from the digital business was Rs 10 million (rounded off). An analysis of the numbers put out by NDTV on the stock exchanges shows that the company had incurred lower operating consolidated loss of Rs 106.9 million during Q2 FY 2016-17. On contacting NDTV about the discrepancy, the company responded on email saying, “The difference in the EBITDA in published results versus press release is primarily due to Ind AS adjustment for ESOP cost, which is being shown as one-line item just prior to PAT.”
NDTV reported a 3.1 per cent drop in consolidated revenue for the quarter under review at Rs 1,025.5 million as compared with Rs 1,162.9 million for the year ago quarter. Net loss stood at Rs 231.40 million for Q2 FY 2017-18 as against net loss of Rs 229.1 million for Q2 FY 2016-17. Consolidated total comprehensive loss for the quarter declined slightly to Rs 233.7 million from Rs 236.40 million in the corresponding previous year’s quarter.
NDTV reports numbers from two segments–television and media related operations (television) and retail ecommerce. The company reported operating revenue of Rs 1,002.2 million and operating loss of Rs 65.2 million for its television segment and operating revenue of Rs 350 million and an operating loss of Rs 89.3 million for its retail ecommerce segment for the quarter. Corresponding numbers for the year ago quarter were – revenue Rs 1,138.2 million and operating profit of Rs 0.6 million for the television segment and revenue of Rs 30.7 million and operating loss of Rs 136.1 million for the retail ecommerce segment.
Let us look at the other numbers reported by the company
Consolidated total expenditure for the quarter declined by 9.4 per cent y-o-y to Rs 1,254.1 million from Rs 1,384 million. Production expenses and cost of services decreased by 34.9 per cent y-o-y to Rs 172.1 million from Rs 264.3 million. Employee benefit expenses increased by 10.2 per cent y-o-y to Rs 573.9 million from Rs 520.70 million. Operating and administrative expenses declined by 21.6 per cent y-o-y to Rs 251.3 million from Rs 320.4 million. Marketing, distribution and promotional expenses reduced by 4.7 per cent to Rs 155.4 million from Rs 163.1 million.
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.
