Financials
Q1-2015: HT Media reports flat results and pared profits
BENGALURU: HT Media (HT Media) reported almost flat revenue in Q1 2015 at Rs 540.51 crore, just 1 per cent more y-o-y than the Rs 540.93 crore in Q1 2014 and 0.5 per cent more than revenue of Rs 543.84 crore in Q4 2014.
Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.
(2) All figures in this report are consolidated figures filed by the company, except for Advertising & Sales Promotion (ASP), which are the standalone figures filed by HT Media.
The company’s Q1 2015 PAT fell 6.2 per cent q-o-q to Rs 32.67 crore as compared to the Rs 34.84 crore in Q4 2014 and was 36.7 per cent less than the Rs 51.58 crore in Q1 2014. Q-o-q PAT was affected by higher employee benefits, higher other expense, higher depreciation and amortisation (depreciation) and higher loss from its digital and unallocated segment and lower operating results from its printing segment.
HT Media’s radio segment, which contributed just 4.4 per cent to the total revenue in Q1 2015, saw a rise of 4.8 per cent in operating revenue to Rs 23.97 crore as compared to the Rs 22.88 crore in Q4 2014 and a rise of 12 per cent as compared to the Rs 21.41 crore in Q1 2014. The radio segment’s operating result dipped 5 per cent in Q1 2015 to Rs 4.57 crore as compared to the Rs 4.81 crore in Q4 2014 and was 24.5 per cent more than the Rs 3.67 crore in Q1 2014. The company operates four radio stations in the country under the brand Fever 104 FM.
HT Media’s printing segment which contributes to more than 90 per cent of its top line and bottom line saw an increase of 1.2 per cent in its revenue to Rs 501.54 crore in Q1 2015 from Rs 495.65 crore in Q4 2014 and was 0.6 per cent less than the Rs 505.58 crore in Q1 2014. The segment reported a 17.3 per cent drop in operating results to Rs 64.55 crore in Q1 2015 from Rs 78.04 crore in Q4 2014 and a 20.8 per cent fall as compared to the Rs 81.46 crore in Q1 2014.
HT Media’s digital segment operating revenue grew 8.7 per cent in Q1 2015 to Rs 23.72 crore from Rs 21.82 crore in Q4 2014 and was 39.1 per cent more than the Rs 17.05 crore in Q1 2014. The segment’s operating loss widened from Rs 7.58 crore in the last quarter to Rs 12.19 crore in Q1 2015.
Loss from the unallocated segment also grew in Q1 2015 to Rs 22.28 crore from Rs 21.49 crore in the immediate trailing quarter.
HT Media’s employee benefit expense in Q1 2015 was Rs 125.16 crore, in Q4-2014 it was Rs 105.76 crore and in Q1 2014, it was Rs 105.52 crore. Depreciation figures were Rs 27.34 crore in Q1 2015; Rs 21.61 crore in Q4 2014 and Rs 21.86 crore in Q1 2014.
The company’s advertisement and sales promotion expense (standalone basis) in Q1 2015 at Rs 25.85 crore was 1.1 per cent more than the Rs 25.26 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.
