Financials
Q4-2014: Raj TV board recommends 5 per cent final dividend for FY-2014
Updated: 03:58 PM
BENGALURU: The shareholders of Raj Television Network (Raj TV) have further reason to cheer. The board has recommended a final dividend of 5 per cent or Rs 0.25 per equity share of face value of Rs 5 each, in addition to the earlier interim dividend of 5 per cent or Rs 0.50 per equity share on the earlier face value of Rs 10 before the split and issue of bonus shares during FY-2014. The company had issued bonus shares in the ratio of 1:1 after the earlier interim dividend in FY-2014.
Raj TV reported a 17.68 per cent higher Income from Operations (Op Inc) in FY-2014 at Rs 79.47 crore as compared to the Rs 67.53 crore in FY-2013. However, Op Inc in Q4-2014 was (-28.13) per cent lower at Rs 17.91 crore than the Rs 24.92 crore in the immediate trailing quarter Q3-2014, and was 2.52 per cent more than the Rs17.47 crore of the year ago quarter Q4-2013.
Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.
Note: (2) The results in this report are standalone.
Let us look at the other results reported by Raj TV for FY-2014 and Q4-2014
PAT in FY-2014 at Rs12.91 crore (16.25 per cent of Op Inc) was 39.05 per cent higher than the PAT of Rs 9.29 crore (13.75 per cent of Op Inc) in FY-2013. In Q4-2014, PAT at Rs1.01 crore (5.62 per cent of Op Inc) was a little more than a fifth or (-79.82) per cent lower than the Rs 4.98 crore (20.01 per cent of Op Inc) in Q3-2014, but almost double (88.91 per cent more than) the Rs 0.53 crore (3.05 per cent of Op Inc) of Q4-2013.
Raj TV’s Total Expense (Tot Exp) in FY-2014 at Rs 59.97 crore was 9.55 per cent more than the Rs 54.74 crore in FY-2014. Tot Exp in Q4-2014 at Rs15.45 crore was (-16.85) per cent lower than the Rs18.58 crore in Q3-2014 and 1.54 per cent more than the Rs15.22 crore in Q4-2013.
Employee Benefits Expense (EBE) and Administrative and other Expenses (Admin exp) are two major expense heads at Raj TV. While EBE in Q4-2014 was substantially higher y-o-y despite almost similar Op Inc, Admin Exp in Q4-2014 was very high q-o-q, despite Raj TV’s Op Inc being much higher in Q3-2014 as compared to Q4-2014.
Employee Benefits Expense in FY-2014 at Rs 17.60 crore (22.15 per cent of Op Inc) was 50.78 per cent more than the Rs11.68 crore (17.29 per cent of Op Inc) in FY-2013. EBE in Q4-2014 at Rs 4.74 crore (26.47 per cent of Op Inc) was (-31.1) per cent lower than the Rs 6.88 crore (27.61 per cent of Op Inc) and 41.02 per cent more than the Rs 3.36 crore (19.24 per cent of Op Inc) in Q4-2013.
Administrative and other expense in FY-2014 at Rs 14.69 crore (18.48 per cent of Op Inc) was 32.46 per cent more than the Rs11.09 crore (16.42 per cent of Op Inc). During Q4-2014, Admin exp at Rs 4.41 crore (24.6 per cent of Op Inc) was 40.67 per cent more than the Rs 3.13 crore (12.57 per cent of Op Inc) in Q3-2014 and 2.2 per cent more than the Rs 4.31 crore (24.68 per cent of Op Inc) in Q4-2013.
Raj TV has reported a 76.1 per cent increase in Long Term Borrowings (non-current liabilities) in FY-2014 at Rs 12.49 crore as compared to the Rs 7.05 crore in FY-2013. Also, in its current liabilities the company has reported a 3.52 times increase in short term borrowings in FY-2014 at Rs 24.97 crore as compared to the Rs 7.09 crore in FY-2013. The company’s trade receivables in FY-2014 at Rs 58.27 crore has gone up by 36.15 per cent as compared to the Rs 42.8 crore in FY-2013.
Raj TV’s Fixed Assets in FY-2014 has gone up by 77.60 per cent to Rs113.99 crore as compared to the Rs 64.18 crore in FY-2013. Its inventories in FY-2014 have gone up by almost 6 times (5.76 times) to Rs 11.65 crore from Rs 2.02 crore in FY-2013. Its trades payables has gone down in FY-2014 to Rs 2.63 crore from Rs 3.48 crore in FY-2013.
The company reported earnings per share (EPS) of Rs 9.43 per equity share in FY-2014 and Rs 0.19 in Q4-2014.
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.
