Financials
Q3-2015: TV Today y-o-y PAT up 28%; income up 18%; Radio segment disappoints
BENGALURU: TV Today Network Limited (TVTN) reported a 27.6 per cent growth in Profit after Tax (PAT) to Rs 26.34 crore in the current quarter (quarter ended 31 December, 2015, Q3-2015) as compared to the Rs 20.65 crore in Q3-2014 and almost double (up 99.5 per cent) the Rs 13.21 crore in the immediate trailing quarter Q2-2015. For 9M-2015 PAT at Rs 72.34 crore was 59.1 per cent more than the Rs 45.46 crore in 9M-2014.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The company reported 18.2 per cent growth in Net Total Income from Operations (TIO) at Rs 131.72 crore in Q3-2015 (quarter ended 31 December, 2015, current quarter) from Rs 11.142 crore in Q3-2014 and 17.9 per cent more than the Rs 116.69 crore in the immediate trailing quarter. 9M-2015 TIO improved 30.3 per cent to Rs 380.42 crore when compared to the Rs 292.03 crore in 9M-2014.
Two segments contribute to TVTN’s numbers – Television Broadcasting and Radio Broadcasting. TVTN’s Radio Broadcasting segment, which operates under the brand Oye! FM, disappointed by reporting 8.5 lower revenue at Rs 4 crore in Q3-2015 as compared to the Rs 4.37 crore in the corresponding year ago quarter and 5.1 per cent less than the Rs 4.21 crore in Q2-2015. For 9M-2015 this segment reported 1 per cent growth in revenue at Rs 11.57 crore from Rs 11.46 crore in 9M-2014.
The company’s radio broadcasting reported loss of Rs 1.94 crore in Q3-2015; loss of Rs 2.90 crore in Q3-2014 and loss of Rs 1.80 crore in Q2-2015. In 9M-2015, loss was lower at Rs 6.30 crore as compared to the Rs 7.24 crore in 9M-2014.
Let us look at the other results reported by TVTN
Total expense (TE) in Q3-2015 was 16.2 per cent higher at Rs 95.52 crore as compared to the Rs 82.23 crore in Q3-2014 and down 0.3 Rs 95.76 crore in Q2-2015. For 9M-2015, TE at Rs 290.59 crore was 28 per cent lower than the Rs 292.03 crore in 9M-2014.
The company’s advertisement, distribution and sales promotion expenses (ad spends) in Q3-2015 were almost flat (up 0.8 per cent) at Rs 25.19 crore as compared to the Rs 25 crore and 0.3 per cent lower than the Rs 25.28 crore in Q2-2015. 9M-2015 ad spends at Rs 71.99 crore were 6.5 per cent lower than the Rs 67.62 crore in 9M-014.
Production cost in Q3-2015 at Rs 12.89 crore was 18.8 per cent more than the Rs 10.85 crore in the year ago quarter and was 1.2 per cent more than the Rs 12.74 crore in Q3-2014. For 9M-2015, Production cost at Rs 39.08 crore was 39.8 per cent more than the Rs 27.94 crore in 9M-2014.
TVTN’s Television Broadcasting (Television) segment reported 19.3 per cent growth in revenue to Rs 127.73 crore in Q3-2015 as compared to the Rs 107.06 crore in Q3-2014 and 18.8 per cent more than the Rs 107.48 crore in the immediate trailing quarter. Television segment reported 30.8 per cent revenue growth to Rs 366.84 crore in 9M-2105 from Rs 280.57 crore in 9M-2014.
The Television segment’s operating profit in Q3-2015 at Rs 39.22 crore was 16.2 per cent more than the Rs 33.75 crore in Q3-2014 and was 85.4 per cent more than the Rs 21.16 crore in Q2-2015. 9M-2015 operating profit at Rs 111.81 crore was 46.7 per cent more than the Rs 76.2 crore 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.
