Financials
NDTV’s TV division shows signs of turnaround; ecommerce generates losses
BENGALURU: New Delhi Television Limited (NDTV) reported a consolidated loss of Rs (10.43) crore in Q3-2014. Its Retail/ecommerce business reported an operating loss of Rs (5.38) crore, or 51.58 per cent of the total loss during the quarter.
NDTV’s Television media and related business operations (TV business) reported an operating profit of Rs 3.29 crore for Q3-2014 as compared to a loss of Rs (1.98) crore during the immediate trailing quarter and a profit of Rs 14.05 crore for the corresponding period of last year. For the nine month period ended 31 December 2013, the segment’s loss at Rs (16.11) crore was almost half (50.44 per cent) of the loss of Rs (31.94) crore in Q3-2013.
NDTV’s TV business reported revenue of Rs 131.02 crore in Q3-2014, which was 21.97 per cent more than the Rs 107.42 crore in Q2-2014 and 0.7 per cent more than the Rs 130.11 crore in Q3-2013. During the nine month period of the current year, NDTV’s TV business reported revenue of Rs 341.03 crore, which was 0.22 per cent more than the Rs 340.27 crore in the corresponding period of last year. For FY 2013, the segment reported revenue of Rs 527 crore.
Let us look at the Q3-2014 figures reported by NDTV
NDTV reported consolidated Total operating revenue of Rs 127.43 crore, which was 20 per cent more than the Rs 106.19 crore in Q2-2014, but (2.06) per cent lower than the Rs 130.11 crore in Q3-2013. For the nine month period ended 31 December 2103, the company reported Total operating revenue of Rs 336.01 crore which was (1.25) per cent lower than the Rs 340.27 crore in the corresponding period of last year. For FY 2013, NDTV reported Total operating revenue of Rs 526.81 crore.
Total expense at Rs 133.17 crore for Q3-2014 was (0.31) per cent lower than the Rs 133.58 crore for Q2-2014 and 10.32 per cent more than the Rs 120.71 crore during Q3-2013. YTD, total expense at Rs 392.52 crore was 1.44 per cent more than the Rs 386.92 crore in the corresponding nine month period of last year. For FY 2013, NDTV’s total expense was Rs 547.83 crore.
NDTV spent 4.24 per cent more towards marketing, distribution and promotional expense in Q3-2014 at Rs 26.49 crore as compared to the Rs 25.43 crore in Q2-2014 and 16.54 per cent more than the Rs 22.73 crore during the corresponding quarter of last year. For the nine month period ended 31 December 2103, the company spent Rs 73.49 crore towards marketing, distribution and promotional expense, which was (17.08) per cent lower than the Rs 88.63 crore in the corresponding period of last year. During FY 2013, NDTV spent Rs 131.26 crore towards this head.
NDTV’s employee benefit at Rs 43.29 crore was (3.63) per cent lower than the Rs 44.92 crore in Q-2014 and 12.88 per cent more than the Rs 38.35 crore in Q3-2013. YTD, the company spent Rs 133.14 crore towards Employee benefit, which was 14.73 per cent more than the Rs 116.05 crore during the corresponding nine month period of last year. For FY 2013, NDTV spent Rs 157.41 per cent towards Employee benefit.
NDTV reported a consolidated loss of Rs (10.43) crore for Q3-2014, which was almost a third less (31.65 per cent less) than the loss of Rs (15.26) crore for Q2-2014. During Q3-2013, NDTV had reported a consolidated profit of Rs 14.87 crore. For the nine month period ended 31 December 2103, the segment reported a loss of Rs (49.75) crore, which was almost, double (1.92 times) the loss of Rs (25.88) crore in the corresponding period of last year. For FY 2013, NDTV reported a consolidated profit of Rs 1.91 crore.
NDTV’s Retail/ecommerce business, which commenced operations earlier this financial year, reported revenue of Rs 2.31 crore which was more than four times the Rs 0.52 crore revenue in the immediate trailing quarter. As mentioned above, this segment reported loss of Rs (5.38) crore in Q3-2014 as compared to a loss of Rs (3.37) crore in the immediate trailing quarter. The capital employed by this segment has eroded further to Rs (18.15) crore in Q3-2014 from the Rs (6.86) crore in Q2-2014.
During the quarter, NDTV Ethnic Retail Limited, a subsidiary of NDTV has acquired 100 per cent stake in JA Ethnic Retail Private Limited, with effect from 28 November, 2013 (acquisition date).
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.
