Financials
TV Today numbers up
BENGALURU: TV Today Network Limited (TVTN) reported greatly improved consolidated results for the year ended 31 March 2017 (FY-17, current year). The Arun Purie controlled company’s consolidated profit after tax (PAT) increased 60.7 percent to Rs 991.13 million (15.7 percent margin of Total Income) as compared to the Rs 616.66 million for the previous year. TVTN’s Total Income increased 4.7 percent to Rs 6,305.77 million in the current year from Rs 6,021.98 million in FY-16.
The improvement in performance was due to the improvement in the company’s Television Broadcasting (TV) segment, which was offset by the poor performances of TVTN’s radio and Newspaper Publishing segments.
The TV Today television network is an English-Hindi news television network. It consists of the several news channels that include Aaj Tak (Hindi), India Today Television (English), Tez (Hindi), Business Today (English) and Delhi Aaj Tak (Hindi). TVTN’s TV segment reported operating revenue growth 5.7 percent forFY-17 to Rs 5,637.53 million from Rs 5,330.29 million in the previous year. TV segment operating profit for the current fiscal increased 1 percent to Rs 1,577.26 million from Rs 1,561.04 million in the previous fiscal.
TVTN has made attempts to dispose its radio segment – it which runs FM radio stations under the brand Oye FM. It has been partly successful in that endeavour to the extent that government regulators have permitted it to succeed. TVTN’s radio segment revenue was almost flat (increased 0.4 percent) to Rs 90.21million from Rs 89.88 million in the previous year. The segment had an higher operating loss for FY-17 at Rs 175.09 million as compared to Rs 136.06 million in FY-16.
TVTN reported 10.1 percent decline in revenue of its Newspaper Publishing segment in fiscal 2017 at Rs 360.81 million as compared to Rs 401.43 million in the previous year. The segment’s operating loss in FY-17 increased to Rs 28.35 million as compared to Rs 16.07 million in the previous year.
Let us look at the other numbers reported by TV Today Network Limited
Total expenses in FY-17 increased 6.3 percent to Rs 4,858.79 million (77.1 percent of Total Income) as compared to Rs 4,572.06 million (75.9 percent of Total Income) in FY-16. Production costs were almost flat (increased by 0.9 percent) in FY-17 at Rs 714.20 million (11.3 percent of Total Income) as compared to Rs 707.97 million (11.8 percent of Total Income).
Employee Benefits Expense increased 2.2 percent to Rs 1,569.13 million (24.9 percent of Total Income) from Rs 1,534.92 million (25.5 percent of Total Income). Finance Costs increased 31.3 percent to Rs 84.10 million (1.3 percent of Total Income) in the current year from Rs 64.04 million (1.1 percent of Total Income) in FY-16. Other expenses in the current year increased 13.2 percent to Rs 2,170.92 million (34.4 percent of Total Income) from Rs 1,917.81 million (31.8 percent of Total Income)) in the previous year.
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.
