Financials
TV Today FY-2014 PAT quintuples, OYE! FM operating loss down 15 per cent
BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group reported 5.02 times growth in standalone PAT in FY-2014 to Rs 61.32 crore (15.75 per cent of Income from Operations or Op Inc) as compared to the Rs 12.21 crore (3.9 per cent of Op Inc) in FY-2013. In Q4-2014, the company reported PAT of Rs 15.85 crore (16.28 per cent of Op Inc), which was (-23.21) per cent lower than the Rs 20.65 crore (18.53 per cent of Op Inc) in the immediate trailing quarter Q3-2014 and almost two and a half times (2.49 times) the PAT of Rs 6.36 crore (7.54 per cent of Op Inc) in Q4-2013.
Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.
TVTN’s Radio Broadcasting segment (Oye! FM) under the brand Oye! FM reported a (-15.41) per cent reduction in operating loss to Rs (-11.24) crore in FY-2014 as compared to the Rs (-13.24) crore in FY-2013. However, Oye! FM’s Q4-2014 loss at Rs(-4) crore was 35.86 per cent more than the Rs (-2.90) crore in Q3-2014 and 45.98 per cent more than the Rs (-2.74) crore in Q4-2013.
Let us look at some of the other numbers reported by TV Today for FY-2014 and Q4-2014
TVTN reported 24.56 per cent higher Op Inc at Rs 389.44 crore in FY-2014 as compared to the Rs 312.67 crore in FY-2013. Op Inc for Q4-2014 at Rs 97.41 crore was (-12.57) per cent lower than the Rs111.42 crore in Q3-2014 and 15.59 per cent more than the Rs 84.27 crore in Q4-2013.
Total Expense in FY-2014 at Rs 304.35 crore (78.15 per cent of Op Inc) was 2.29 per cent more than the Rs 297.55 crore (95.16 per cent of Op Inc) in FY-2013. In Q4-2014, Total Expense at Rs 77.31 crore (79.36 per cent of Op Ic) was (-5.99) per cent less than the Rs 82.23 crore (73.9 per cent of Op Inc) in Q3-2014 and (-0.74) per cent lower than the Rs 77.89 (92.43 per cent of Op Inc) crore in Q4-2013.
Major expense heads include Employee Benefits Expense (EBE), which at Rs 92.97 crore (23.87 per cent of Op Inc) in FY-2014 was (-0.12) per cent lower than the Rs 93.09 crore (29.77 per cent of Op Inc) in FY-2013. Q4-2014 EBE at Rs 21.67 crore (22.25 per cent of Op Inc) was (-12.85) per cent lower than the Rs 24.87 crore (22.32 per cent of Op Inc) in Q3-2014 and (-6.05) per cent lower than the Rs 23.07 crore (27.38 per cent of Op Inc) in Q4-2013.
Production Costs at Rs 40.85 crore (10.49 per cent of Op Inc) was 9.16 per cent more than the Rs 37.42 crore (11.97 per cent of Op Inc) in FY-2013. In Q4-2013, Production Cost at Rs 12.91 crore (13.25 per cent of Op Inc) was 18.93 per cent more than the Rs10.85 crore (9.74 per cent of Op Inc) and 24.57 per cent more than the Rs10.36 crore (12.29 per cent of Op Inc) in Q4-2013.
Other Expense in FY-2014 at Rs 60.61 crore (15.56 per cent of Op Inc) was 7.04 per cent more than the Rs 56.62 crore in FY-2013. During Q4-2014, other expense at Rs19.27 crore (17.30 per cent of Op Inc) was 24.52 per cent higher than the Rs15.48 crore (13.89 per cent of Op Inc) in Q3-2014 and 29.38 per cent more the Rs14.90 crore (17.68 per cent of Op Inc).
Segment Revenue
Two segments – TV Broadcasting (TV) and FM Radio Broadcasting (Radio) contribute to TVTN’s revenues.
TV segment reported 23.58 per cent growth in operating revenue to Rs 374.06 crore in FY-2014 as compared to the Rs 302.69 crore in FY-2013. TV’s Operating revenue in Q4-2014 at Rs 93.50 crore was (-12.66) per cent lower than the Rs 107.06 crore in Q3-2014 and 14.54 per cent more than the Rs 81.63 crore in Q4-2013.
TV segment reported Operating profit of Rs 103.75 crore in FY-2014, more than triple (3.16 times) the Rs 32.79 crore in FY-2013. TV segment’s Operating profit in Q4-2014 at Rs 27.55 crore was (-18.36) per cent lower than the Rs 33.75 crore in Q3-2014 and more than double (2.36 times) the Rs11.69 crore in Q4-2013.
Radio segment reported Operating revenue of Rs15.38 crore which was 54.17 per cent more than the Rs 9.98 crore in FY-2013. Operating revenue for the segment in Q4-2014 at Rs 3.91 crore was (-10.36) per cent lower than the Rs 4.37 crore in Q3-2014 and 48.11 per cent more than the Rs 2.64 crore in Q4-2013. Radio results have been mentioned above.
Presently, TVTN runs four 24 hours news and current affairs television channels, namely Aaj Tak, Dilli Aaj Tak and Tez in Hindi and Headlines Today in English and six FM radio stations in Delhi, Kolkata, Amritsar, Patiala, Jodhpur and Mumbai under the name Oye! 104.8 FM.
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.
