Financials
One-time adjustment of Rs 1045.3 cr; Network18 – GEC and news segments grow in Q1-2015
BENGALURU: Network18 Media and Investments Limited (Network18) said that it has made a one-time exceptional adjustment of Rs 1,045.3 crore in Q1-2015 and reported a loss of Rs 1,021.88 crore in the quarter ended 30 June 2014 as compared to a loss of Rs 4.12 crore in Q4-2014 and a profit of Rs 18.90 crore in Q1-2014. The company reported 27.3 per cent higher operating income at Rs 708.4 crore in Q1-2015, but 4.1 per cent lower than the Rs 738.32 crore in Q4-2014.
Network 18’s Media operations segment reported 28.8 per cent higher revenue at Rs 694.08 crore in Q1-2015 as compared to the Rs 538.81 crore in Q1-2014, but 4.3 per cent lower than the Rs 725.31 crore in Q4-2014. The segment reported higher operating loss of Rs 83.87 crore in Q1-2015 as compared to an operating loss of Rs 39.85 crore in Q1-2014 and an operating profit of 62.07 crore in Q4-2014.
Note: 100,00,000 = 100 lakhs = 10 million = 1 crore.
Let us look at the other figures reported by Network 18 for Q1-2015
Network 18’s operating loss reduced 37 per cent from Rs 70.1 crore in the last year’s correspon ding quarter to Rs 43.9 crore in Q1-2015. The company attributes the improvement in operating loss to a strong growth delivered by its television operations from the general entertainment and new segments.
Network 18’s film production and distribution segment reported 23.8 per cent drop in revenue in Q1-2015 at Rs 14.32 crore as compared to the Rs 18.79 crore in Q1-2014 and 2.27 times less than the Rs 35.53 crore in Q4-2014.
The company’s total expenditure in Q1-2015 at Rs 733.45 crore was 19.9 per cent more than the Rs 611.82 crore in Q1-2014 and one per cent more than the Rs 726.06 crore in Q4-2014.
Network18’s programming cost has almost doubled (up 1.91 times) to Rs 169.54 crore (23.9 per cent of TIO) in Q1-2015 as compared to the Rs 88.87 crore (18.1 per cent of TIO) in Q1-2014 and was 26.7 per cent more than the Rs 133.82 crore (16 per cent of TIO) in Q4-2014.
The company’s finance cost was down 2.6 per cent to Rs 30.88 crore in Q1-2015 as compared to the Rs 31.71 crore in Q1-2014 and was 3.7 per cent less than the Rs 32.08 crore in Q4-2014.
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.
