Financials
TV-18 Q3 net profit up 55%, 62% revenue growth
MUMBAI: Raghav Bahl promoted Television Eighteen has posted a consolidated net profit of Rs 82.5 million (excluding Forex gains/losses and deferred tax adjustment) in the quarter ended 31 December, 2004, which is up 55 per cent year on year. The company’s operating profit stood at Rs 135 million, which is up 83 per cent year on year.
Also the company has grossed revenues of Rs 246 million during the same period as opposed to Rs 151.92 million in Q3 2003. Thus, the company saw a revenue increase of 62 per cent year on year.
The TV18 group launched it’s Hindi business channel Awaaz on 13 January, 2005 and also began content supply to a channel focused on the NRI community in the US – South Asia World (SAW).
On the other hand, CNBC-TV18 completed five years this year and has a 45 per cent market share of adult male viewership for the English news category.
Following a meeting of the company’s Board of Directors, Television Eighteen managing director Raghav Bahl, who was re-appointed as MD of the company for five years with effect from 1 April, 2005 to 31 March, 2010, said, “CNBC-TV18 has completed five very successful years in India. We expect our influence and reach to grow exponentially with the launch of our Hindi language consumer channel – Awaaz. We have also commenced supply of our content to overseas Indians and expect these moves to contribute positively to the company’s operational performance.”
The company also informed the Bombay Stock Exchange (BSE) today that the company’s board had approved the launch of the fixed deposit scheme. The borrowing limit of the company has been increased from Rs 1000 million to Rs 5000 million and the increase in limit for creation of charge has been increased from Rs 2000 million to Rs 5000 million.
The company also informed the BSE that it was delisting its shares from the Delhi Stock Exchange Association.
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.
