Financials
Q2-2016: Prime Focus revenue up 47% ;EBIDTA doubles
BENGALURU: Prime Focus Limited (PFL) reported 47 per cent YoY revenue growth for the quarter ending 31 December, 2015 (Q2-2016, current quarter) at Rs 468.52 crore from Rs 318.67 crore in Q2-2015 and 4.4 per cent higher QoQ as compared to Rs 448.57 crore in the immediate trailing quarter. The company reported more than double (2.02 times) YoY EBITA at Rs 75.56 crore (15.3 per cent margin) as compared to Rs 35.48 crore (11.1 per cent margin) and 37.4 per cent higher QoQ as compared to Rs 52.07 crore (11.6 per cent margin).
Notes: (1) 100,00,000 = 100 lakh = 10 million =1 crore
(2) The company had filed results for a fifteen month period ended June 30, 2014, hence YoY comparison is being done between Q2-2016 and Q2-2015 and QoQ comparison is between Q2-2016 and Q1-2016 (quarter ended September, 2015).
The company reported a lower net loss of Rs 11.40 crore in Q2-2016, a loss of Rs 36.17 crore in Q2-2015 and a loss of Rs 22.51 crore in Q1-2016.
Let us look at the other numbers reported by PFL
Figures A and B below show PFL’s major expense heads. As is obvious, a major expense head for the company is employee benefit expense or EBE.
PFL’s EBE in Q2-2016 at Rs 284.10 crore (62.4 per cent of TIO) was 43.8 per cent higher YoY as compared to Rs 197.54 crore and (62 per cent of TIO) and was almost flat (went up by 0.5 per cent) QoQ as compared to Rs 282.57 crore (61.6 per cent of TIO).
Technician’s Fees in the current quarter increased 19.6 per cent YoY to Rs 7.88 crore (1.7 per cent of TIO) as compared to Rs 6.35 crore (2.1 per cent of TIO), but declined 19.3 per cent QoQ from Rs 9.77 crore (2.2 per cent of TIO).
Fig B indicates that EBE also shows a linear upward trend in terms of percentage of TIO over the twelve quarters starting Q4-2013 until the current quarter Q2-2016. EBE has been the highest in Q2-2016 (62.4 per cent) in terms of absolute rupees, but in terms of percentage of TIO, it was highest in Q3-2015 at 64 per cent.
Finance and Interest cost in Q12-2016 at Rs 25.11 crore (5.4 per cent of TIO) increased 45.3 per cent YoY from Rs 17.28 crore (5.4 per cent of TIO) and increased 41.4 per cent QoQ from Rs 17.75 crore (four per cent of TIO).
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.
