Financials
Network18’s revenue up by 16.5% YoY at Rs 1657 cr in Q3 FY22
Mumbai: Network18 Media and Investments on Tuesday announced the third-quarter results for FY 2022. The media company reported its highest ever EBITDA at Rs 373 crore with margins of 22.5 per cent. It reported the highest ever quarterly revenue of Rs 1657 crore up by 16.5 per cent year-on-year.
Network18’s entertainment business margin was at 21.4 per cent and revenue was up by 16 per cent year-on-year. Its TV news business saw a sharp improvement in margin to 27.2 per cent and revenue was up by 13 per cent year-on-year.
The company’s digital news revenue grew by 41 per cent year-on-year and margins were at 21.2 per cent. Its profit before tax rose by 31 per cent YoY to Rs 337 crore driven by growth in revenue, controlled operational expenditure and lower finance costs.
“TV industry saw record high advertising volumes in the third quarter driven by strong consumer demand, increased spending by existing brands for a higher share of voice and new advertisers using the medium to widen their reach,” said the company in a statement.
“domestic subscription revenue for the quarter was flattish YoY while international subscription revenue saw a decline. The implementation timeline of NTO 2.0 regulation was postponed during the quarter by the regulator to 1 April ’22 even as the litigation regarding its validity continued in the Supreme Court of India,” it further added.
The company’s entertainment business portfolio under Viacom18 is expanding into sports broadcasting by acquiring rights to NBA, footballing events such as FIFA World Cup 2022, La Liga, Serie A, Ligue 1, Cinch Premiership, and other sporting events like ATP Masters Tennis, Abu Dhabi T10, World Boxing Championship and Road Safety World Cricket Series.
Viacom18’s OTT platform Voot reported strong growth in its paid subscriber base during the quarter driven by the new season of Bigg Boss. The show garnered 15 billion+ minutes of watch time (AVOD+SVOD) with a daily TSV of 64 minutes during the quarter.
The company noted its share of the entertainment network in the non-news genre was 11 per cent with Colors being the second best channel in the pay Hindi GEC genre.
“We are building a strong and sustainable media franchise which not only delivers quality content to Indian audiences but also value to the shareholders,” said Network18 chairman Adil Zainulbhai. “Over the last few years, we have taken several significant steps which have helped us achieve the turn around on the profitability front and it is really encouraging to see the business now consistently deliver healthy margins, especially the digital news business which has been growing in a profitable manner. As we have seen over the last several years, content consumption is an integral part of consumers’ lives and there is a willingness to spend more time and money, provided they get access to quality content at an affordable price. Also, consumers are increasingly becoming platform-agnostic, with both TV and Digital growing simultaneously. Our endeavor is to cater to all consumers looking for news and entertainment content in their local languages, movies and leading sports events, on platforms of their choice.”
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.
