Financials
Sun TV FY-2014 PAT up 5.4 per cent: Board recommends final dividend of 45 per cent
BENGALURU: Sun TV Network Limited (Sun TV) has declared a repeat of sunny results once again for FY-2014. The company’s consolidated PAT at Rs 748.01 crore (33.64 per cent of income from operations or revenue) was up 5.42 per cent as compared to the Rs 709.56 crore (36.9 per cent of revenue) in FY-2013.
The company’s consolidated income from operations (revenue) at Rs 2223.62 crore was 15.63 per cent more than the Rs 1923 crore in FY-2013.
The company’s income from operations figures include income of Rs 105.53 crore (4.72 per cent of revenue) and costs of Rs 142.06 crore (6.39 per cent of revenue) from its IPL franchisee cricket team Sun Risers Hyderabad in FY-2014.The company has paid Rs 85.5 crore (3.85 per cent of revenue) IPL franchisee fees that Sun TV has paid for its IPL in FY-2014.
The company’s press release says that its subscription revenues have maintained a robust y-o-y and q-o-q growth of 25 per cent and that its radio broadcasting operations have maintained a y-o-y growth of 18 per cent and have reported 18 per cent PAT margins.
Sun TV Network Ltd has informed BSE that the board of directors of the company at its meeting held on 23 May 2014, inter alia, have recommended a final dividend of Rs 2.25 per share (45 per cent). This is in addition to the interim dividend of Rs 2.25 per share (45 per cent), Rs 2.50 per share (50 per cent) and Rs 2.50 per share (50 per cent) declared at the board meeting held on 2 August 2013, 8 November 2013 and 7 February 2014 respectively. This takes the total dividend payout by the company to 190 per cent per equity share of Rs 5 in FY-2014.
Let us look at the other numbers reported by Sun TV for FY-2014 and Q4-2014
Consolidated Numbers
Consolidated Total Expense in FY-2014 at Rs 1192.19 crore (53.61 per cent of revenue) was 24.76 per cent more than the Rs 955.59 crore (49.69 per cent of revenue) in FY-2013.
The company’s consolidated cost of revenue (COR) in FY-2014 at Rs 215.81 crore (9.71 per cent of revenue) was 17.01 per cent more than the Rs 184.43 crore in FY-2013.
Sun TV’s consolidated depreciation and amortisation (DAA) in FY-2014 at Rs 478.28 crore (21.51 per cent of revenue) was 8.27 per cent more than the Rs 441.73 crore (22.97 per cent of revenue) in FY-2013.
Consolidated other expenditure at Rs 194.06 crore (8.71 per cent of revenue) was 49.21 per cent more than the Rs 130.06 crore (6.76 per cent of revenue) in FY-2013.
The company had other income on a consolidated basis in FY-2014 at Rs 86.61 crore which was 19.94 per cent more than the Rs 72.21 crore in FY-2013.
Standalone numbers
During the last quarter (Q3-2014) Sun TV had passed the Rs 500 crore per quarter mark for the first time by clocking standalone revenue of Rs 503.84 crore. In Q4-2014, the company has improved upon this by another 2.33 per cent to register standalone revenue of Rs 520.18 crore, the figure betters the year ago quarter Q4-2013 revenue of Rs 472.67 crore by 10.05 per cent.
Standalone income from operations for FY-2014 at Rs 2096.78 crore was 15.36 per cent more than the Rs 1817.62 crore in FY-2013.
Standalone PAT for the FY-2014 at Rs 716.96 crore (34.19 per cent of revenue) was 4.92 per cent more than the Rs 683.34 crore (37.60 per cent of revenue) in FY-2013.
Standalone PAT for Q4-2014 at Rs 197.57 crore (38.98 per cent of revenue) was 6.34 per cent more than the Rs 185.79 crore (36.55 per cent of revenue) in the immediate trailing quarter and 11.31 per cent more than the Rs 177.50 crore (37.55 per cent of revenue) in Q4-2014.
The company’s standalone cost of revenue (COR) in FY-2014 at Rs 185.14 crore (8.83 per cent of revenue) was 19.32 per cent more than the Rs 155.16 crore (8.54 per cent of revenue) in FY-2013. Standalone COR in Q4-2014 at Rs 43.51 crore (8.36 per cent of revenue) was (-18.95) per cent lower than the Rs 53.68 crore (8.54 per cent of revenue) in Q3-2014 and (-8.34) per cent lower than the Rs 47.47 crore in Q4-2013.
Sun TV’s standalone depreciation and amortisation (DAA) in FY-2014 at Rs 453.34 crore (21.62 per cent of revenue) was 9.72 per cent more than the Rs 413.18 crore (22.73 per cent of revenue) in FY-2013. Q4-2014 DAA at Rs 112.33 crore (21.59 per cent of revenue) was 5.91 per cent more than the Rs 106.06 crore (20.86 per cent of revenue) in Q3-2014 and 10.46 per cent more than the Rs 101.69 crore (21.51 per cent of revenue) in Q4-2013.
Standalone other expenditure (OE) in FY-2014 at Rs 170.68 crore (8.14 per cent of revenue) was 57.37 per cent more than the Rs 108.46 crore (5.97 per cent of revenue) in FY-2013. OE in Q4-2014 at Rs 26.01 crore (5 per cent of revenue) was (-23.99) per cent lower than the Rs 32.44 crore (6.73 per cent of revenue) in Q3-2014 and (-19.17) per cent lower than the Rs 32.18 crore (6.18 per cent of revenue) in Q4-2014.
The company had other standalone income of Rs 72.91 crore in FY-2014 which was 19.94 per cent more than the Rs 72.21 crore in FY-2013. Standalone other income in Q4-2014 at Rs 13.17 crore was (-11.31) per cent lower than the Rs 14.85 crore in Q3-2014 and (-39.11) per cent lower than the Rs 21.63 crore in Q4-2013.
Sun TV is one of the largest television broadcasters in India that operates satellite television channels across four languages of Tamil, Telugu, Kannada and Malayalam and has the largest private FM radio network in India under brand 93.5 Red FM. As mentioned above, it also owns the IPL franchisee Sun Risers Hyderabad.
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.
