Financials
Q3-2014: Zee Learn reports nominal YTD profit
BENGALURU: The Essel Group’s education company – Zee Learn reported a nominal net profit of Rs 0.403 crore during the nine month period (YTD) ended December 31, 2013 as compared to a loss of Rs (-13.87) crore during the corresponding nine month period of the last fiscal. Operating revenue during the nine month period ended December 31, 2013 was up 25.91 per cent to Rs 80.13 crore from Rs 63.65 crore for period ended December 31, 2012.
However, Zee Learn reported a loss of Rs (-3.38) crore during Q3-2014, albeit lower when compared to a loss of Rs (-8.01) crore in Q3-2013 and a profit of Rs 0.5353 crore in the immediate trailing quarter. The company reported operating revenue of Rs 22.7 crore which was 19.27 per cent lower than the Rs 28.12 crore in Q3-2013 and 5.05 per cent lower than the Rs 23.91 crore during Q2-2014.
Let us look at the other Q3-2013 figures reported by Zee Learn…
During the nine month period ended December 31, 2013, the company’s expense at Rs 77.27 crore was 3.59 per cent more than the Rs 74.59 crore during the corresponding period of last year. The company spent a whopping 70.78 per cent more towards purchase of education goods and television content during the nine month period of 2014 at Rs 27.29 crore as compared to the Rs 16.27 crore in the corresponding nine month period of last year.
Zee Learn reported 14.64 per cent lower total expense of Rs 24 crore for Q3-2014 as compared to the Rs 28.12 crore for Q3-2013 and 7.57 per cent more than the Rs 22.31 crore during the immediate trailing quarter. An increase in stock in trade brought down the total expense by Rs 3.5 crore during Q3-2014. The corresponding reduction brought to the total expense by increase in stock in trade during Q3-2013 and Q2-2014 was Rs 1.10 crore and Rs 0.95 crore respectively.
Zee Learn spent 26.63 per cent more towards purchase of education goods and television content in Q3-2013 at Rs 9.66 crore as compared to the Rs 7.63 crore in Q3-2013 and 65.05 per cent more than the Rs 5.85 crore in Q2-2014.
The company paid 37 per cent higher finance cost in Q3-2014 at Rs 2.13 crore as compared to the Rs 1.55 crore in Q3-2013 and 42.84 per cent more than the Rs 1.49 crore in Q2-2014. During the nine month period of the current year, Zee Learn paid 25.57 per cent more towards finance charges at Rs 5.17 crore as compared to the Rs 4.11 crore during the corresponding period of last fiscal.
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.
