Financials
TV Today revenue up in Q2
BENGALURU: TV Today Network Ltd (TVTN) reported 3.5 percent year on year (y-o-y) increase in standalone operating revenue at Rs 163.29 crore for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to the Rs 157.80 crore for the corresponding year ago quarter (Q2 2018). Total income increased 5.3 percent y-o-y to Rs 171.59 crore in Q2 2019 from Rs 162.89 crore.
Simple operating EBITDA was 10.5 percent lower y-o-y in the quarter under review at Rs 44.62 crore (27.1 percent of operating revenue) as compared to Rs 49.87 crore (30.3 percent of operating revenue). The company reported 5.7 percent lower standalone PAT of Rs 29.50 crore for Q2 2019 as compared to Rs 31.29 crore in Q2 2018. Standalone total comprehensive income for the quarter under review was 4.6 percent lower y-o-y at Rs 29.85 crore as compared to Rs 31.29 crore in Q2 2018.
Segment numbers
TVTN has three segments – Television Broadcasting (TV); Radio Broadcasting (Radio); and ‘Others.’ The company’s TV segment is the largest contributor to its numbers. TVTN reported 0.2 percent y-o-y increase in revenue for its TV segment at Rs 140.21 crore in Q2 2019 as compared to Rs 139.86 crore. The company reported 1.5 percent y-o-y decline in the segment’s operating profit at Rs 42.52 crore in Q2 2019 as compared to Rs 43.16 crore.
TVTN reported 43 percent y-o-y increase in operating revenue for its radio segment for Q2 2019 at Rs 5.84 crore as compared to Rs 4.09 crore. However, the radio segment’s operating loss increased to Rs 4.49 crore during the period under review from an operating loss of Rs 2.92 crore.
TVTN reported 24.3 percent y-o-y increase in operating revenue for its ‘Others’ segment at Rs 13.87 crore as compared to Rs 13.78 crore. Operating result of the ‘Others’ segment for the quarter declined 58.3 percent y-o-y to Rs 0.84 crore from Rs 2.01 crore.
Let us look at the other numbers reported by TVTN
Standalone total expense in Q2 2019 increased nine percent y-o-y to Rs 126.64 crore from Rs 116.15 crore in the corresponding quarter of the previous year. Standalone production cost reduced 7.8 percent y-o-y in Q2 2019 to Rs 14.23 crore from Rs 15.44 crore in Q2 2018. Standalone employee benefit expense during the quarter under review increased 9.5 percent y-o-y in Q2 2019 to Rs 52.05 crore from Rs 45.53 crore in the corresponding period of the previous year. Standalone other expenses in Q2 2019 increased 16.5 percent y-o-y to Rs 52.38 crore from Rs 44.96 crore in Q2 2018.
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.
