Financials
Q3-2014 : Network18 EBIDTA rises almost six-fold y-o-y
BENGALURU: Network18 Media & Investments Limited (Network18) announced operating profit of Rs 61 crore in Q3-2014 which was almost six times the operating profit of Rs 10.6 crore in Q3-2013 and more than triple the operating profit of Rs 20.1 crore in the immediate trailing quarter.
Note: Proforma results are assuming financial consolidation of ETV News (100 per cent) and ETV Entertainment (50 per cent). On 22 Jan 2014, post receipt of required regulatory approvals, TV18 completed the acquisition of the ETV channels – 100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.
Revenue for the quarter grew by 4.33 per cent to Rs 727.6 crore in Q3-2014 from Rs 697.4 crore in the corresponding quarter of last year and 8.63 per cent more than the Rs 669.8 crore during Q2-2014.
Proforma reported revenues on a consolidated basis stood at Rs 595.9 crore for the quarter, up five per cent over prior year. Proforma Operating Profit (EBITDA) came in at Rs 94.5 crore (up 79 per cent y-o-y) led by a strong performance in ETV News says the company.
Its Digital Content and Commerce business showed growth along with more than halving of operational loss, saw a growth of 25.25 per cent to Rs 149.8 crore in the current quarter from Rs 119.6 crore in Q3-2013 and by 20 per cent from the Rs 124.8 crore in the immediate trailing quarter. The operational loss reported by this segment at Rs (14.1) crore was less than half (45 per cent) the loss of Rs 31.3 crore reported in Q3-2013, but was 51.6 per cent more than the loss of Rs (9.3) crore in Q2-2014.
Let us look at the other figures reported by Network18:
Network18’s Television and Motion Pictures segment reported (mainly TV 18) reported revenue of Rs 525.5 crore in Q3-2013, which was 2.6 per cent more than the Rs 512.4 crore in Q3-2013 and 8.75 per cent more than the Rs 483.2 crore in Q2-2014. This segment reported an operating profit of Rs 77.5 crore in Q3-2014, up 61.12 per cent as compared to the Rs 48.1 crore in the corresponding period of last year. Q-o-q, its EBIDTA was almost double (1.96 times) the Rs 39.6 crore in Q2-2014.
Revenue from its other segment, Allied Businesses saw a drop of (28) per cent to Rs 58.1 per cent in Q3-2014 from Rs 80.7 crore in Q3-2013 and a fall of (12.8) per cent from Rs 66.6 crore in Q2-2014. Loss from this segment fell 34 per cent to Rs 6 crore in Q3-2014 from Rs 9.1 crore in Q3-2013 and fell by 36.8 per cent from Rs 9.5 crore in Q2-2014.
Network18’s net loss for the quarter for Q3-2014 was Rs (11.72) crore as compared to a profit of Rs 6.85 crore in the corresponding quarter of last fiscal and less than a third (29.4 per cent) of the Rs (39.84) crore reported during the immediate trailing quarter.
Total expense for Q3-2014 at Rs 687.59 crore was (3.2) per cent lower than the Rs 710.27 crore in Q3-2013 and 2.6 per cent more than the Rs 670.1 crore in Q2-2014.
Network18 paid (1.8) per cent less towards programming cost in Q3-2014 at Rs 155.94 crore a compared to the Rs 158.83 crore in Q3-2013 and 8.4 per cent Rs 143.84 crore in Q2-2014.
Distribution, advertising and business promotion expense for Q3-2014 at Rs 221.27 crore was (11) per cent less than the Rs 228.53 crore in Q3-2013 and (5.4) per cent less than the Rs 233.77 crore in Q2-2014.
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.
