Financials
Q3-2015: Shemaroo reports 17% q-o-q PAT growth; on course to improved EPS in FY-2015
BENGALURU: For the second quarterly results (Q3-2015) since its listing after its initial public offering (IPO) in September 2014, Shemaroo Entertainment Limited (Shemaroo) has reported a 16.9 per cent growth in PAT at Rs 10.02 crore (11.5 per cent of Total Income from Operations or TIO) in Q3-2015 from Rs 8.57 crore (10.1 per cent of TIO) in Q2-2015, but almost flat (0.6 per cent growth) as compared to the Rs 9.96 crore (11.6 per cent of TIO) in Q3-2014. During 9M-2015, PAT at Rs 28.30 crore (12 per cent of IO) was 38.8 per cent more than the Rs 20.39 crore (9.6 per cent of TIO) in 9M-2014.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
All numbers in this report are consolidated numbers
The company’s Earnings per Share (EPS) in Q3-2015 at Rs 4.6 was lower than the Rs 5.01 in Q3-2014, but higher than the Rs 3.94 in the immediate trailing quarter. 9M-2015 EPS was 12.93 versus the Rs 10.27 in 9M-2014. During FY-2014, (before IPO and listing) Shemaroo’s EPS was Rs 14.08, and the company should exceed this figure if things continue as they have been so far.
The company’s TIO in Q3-2015 at Rs 87.28 crore was 1.9 per cent more than the Rs 85.65 crore in Q3-2014 and 2.7 per cent more than the Rs 84.96 crore in Q2-2015. In 9M-2015, Shemaroo’s TIO at Rs 236.73 crore was 12 per cent more than the Rs 211.33 crore in 9M-2014.
Shemaroo’s total expenditure (TE) in Q3-2015 at Rs 68.5 crore (78.5 per cent of TIO) was 1.9 per cent lower than the Rs 69.82 crore (81.5 per cent of TIO) and 5.5 per cent more than the Rs 64.91 crore (76.4 per cent of TIO) in Q2-2015. TE in 9M-2015 increased 7.6 per cent to Rs 179.31 crore (75.7 per cent of TIO) from Rs 166.58 crore (78.8 per cent of TIO) in 9M-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.
