Financials
Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows
BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group, has reported its net profit in the third quarter ended 31 December, 2013 rose 34.5 per cent to Rs 20.65 crore from Rs 15.35 crore a year ago.
The company’s net profit in the third quarter was 60.9 per cent higher than Rs 12.83 crore in the second quarter of 2013-14.
For the nine months ended 31 December, 2013, TV Today Network’s net profit at 45.46 crore was 7.77 times Rs 5.85 crore a year ago. For 2012-13, the company’s net profit was 12.21 crore.
TVTN’s radio broadcasting business under the brand Oye! FM reported that its operating loss for the first nine months of 2013-14 narrowed by 31.1 per cent to Rs 7.24 crore from Rs 10.51 crore a year ago.
For the third quarter, Oye! FM’s operating loss narrowed by 9.5 per cent to Rs 2.9 crore from Rs 3.2 crore a year ago. Its operating loss for the third quarter was, however, higher than the operating loss of Rs 2.02 crore a quarter ago.
For 2012-13, Oye! FM had an operating loss of Rs 13.24 crore.
TVTN’s television broadcasting segment reported a phenomenal 68.4 per cent growth in operating profit to Rs 33.75 crore in the third quarter of 2013-14 from Rs 20.04 crore a year ago.
The television broadcasting segment’s operating profit in the first nine months at Rs 76.2 crore was 3.62 times a year ago’s Rs 21.1 crore. For 2012-12, the television segment reported operating profit of Rs 32.79 crore.
Let us look at the other Q3-2014 figures reported by TVTN
TVTN’s Operating Revenue at Rs 110.94 crore for Q3-2014 was 22.8 per cent higher than the Rs 90.37 crore of the corresponding quarter of last year and 21.3 per cent more than the Rs 91.45 crore in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN saw a growth of Operating Revenue by 27.6 per cent to Rs 291.24 crore from Rs 228.22 crore in the corresponding nine month period of last year. For FY 2013, TVTN had Operating Revenue of Rs 312.44 crore.
TVTN’s Total expense for Q3-2014 at Rs 82.23 crore was 9.4 per cent more than the Rs 75.21 crore in Q3-2013 and 11.8 per cent more than the Rs 73.54 crore for Q2-2014. YTD, TVTN’s Total Expense at Rs 227.04 crore was 3.4 per cent more than the Rs 219.66 crore in the corresponding nine month period of FY2013. TVTN’s Total Expense for FY 2013 was Rs 297.55 crore.
TVTN’s Production Cost for Q3-2014 was 16.3 per cent higher at Rs 10.85 crore as compared to the Rs 9.33 crore in Q3-2013 and 34.7 per cent more than the Rs 8.06 croes in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN’s Production Cost went up 3.3 per cent to Rs 27.94 crore from Rs 27.06 crore in the corresponding nine month period of last year. For FY 2013, the company’s Production Cost was Rs 37.42 crore.
TVTN spent Rs 25 crore in Q3-2014 towards Advertisement, Distribution and Sales Promotion (Ad Spend) which was 8.8 per cent more than the Rs 22.98 crore in Q3-2013 and 9 per cent more than the Rs 22.93 crore in Q2-2014. YTD, TVTN’s Ad Spend at Rs 67.62 crore was 1.75 per cent more than the Rs 66.46 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Ad Spend was Rs 89.4 crore.
Television segment had Operating Revenue of Rs 107.05 crore for Q3-2014, which was 21.7 per cent more than the Rs 87.97 crore in Q3-2013 and 22.2 per cent more than the Rs 87.62 crore in the immediate trailing quarter. YTD, the company’s Television segment saw Operating Revenue grow by 26.9 per cent to Rs 280.57 crore as compared to the Rs 221.06 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Television segment had Operating Revenue of Rs 302.69 crore.
Oye! FM had Operating Revenue of Rs 4.37 crore in Q3-2014, which was 76.8 per cent more than the Rs 2.47 crore in the corresponding quarter of last fiscal and 7 per cent more than the Rs 4.08 crore in Q2-2014. YTD, Oye! FM reported Operating revenue of Rs 11.46 crore in the current fiscal, which was 56.4 per cent more than the Rs 7.33 crore during the corresponding nine month period of FY 2013. For FY 2013, Oye! FM reported Operating Revenue of Rs 9.98 crore.
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.
