Financials
TV18 beats pandemic blues, consolidated profit leaps 77% in Q4
NEW DELHI: In the fourth quarter of the financial year that ended on 31 March 2021, TV18, a listed subsidiary of Network 18, has reported a 77 per cent increase in consolidated profit at Rs 251 crores. In a regulatory filing, TV18 revealed that the profit in the corresponding period was Rs 142 crores.
In a press statement, the company said strong recovery in TV ad growth to the high single digits in Q4 has helped TV18 to stay afloat. The profit growth was also driven by lower operating expenses including operating cost, finance cost, and depreciation. The 41 per cent year-over-year (YoY) fall in tax expenses at Rs 20 crores also added up to the profitability of the company.
TV18's total expenses for Q4 were at Rs 1,113 crores, 11.3 per cent down when compared to the expenses in the same period of the previous fiscal year which stands at Rs 1,254 crores. However, the company's consolidated revenue from operations was down by 5.4 per cent to Rs 1,347 crores in Q4 as against Rs 1,424 crores of the corresponding quarter in the previous fiscal year.
"Broad-based cost controls helped offset Covid impact and sharpened operating leverage. Q4 Opex was down 10 per cent YoY despite full resumption of programming and calibrated investments into marketing/distribution in tandem with monetization opportunities," said TV18 in a BSE filing.
TV18 Broadcast revealed that television viewership has settled higher above pre-pandemic levels due to the rising number of households that possess televisions.
"TV households have increased to 210 million vs 197 million in 2018 as per BARC, and penetration is still at 66 per cent. TV in India, therefore, is a growing medium with further headroom," the company added.
According to the filing, digital engagement continued to grow which is linked to the volume of high-quality content and key events. Industry sources indicate a 10 per cent YoY increase in OTT video consumption.
Group debt of the company was also reduced to Rs 893 crores in March 2021 from Rs 1,775 crores last year.
The report also noted that Viacom18’s OTT platform Voot has also succeeded in drawing new subscriptions in an already competitive market.
"Subscriber base continues to grow led by its quality of content, before-TV delivery of shows, attractive pricing, and smart bundling. The app posted 11 per cent QoQ growth in overall watch time. 50 per cent of our active paying subs were watching Bigg Boss every week," stated the report.
TV18 chairman Adil Zainulbhai said that the company has successfully dealt with challenges posed by the pandemic, and has posted much-improved profitability in a difficult year.
"Our brands have continued to grow in strength and salience during this period. Our plans to invest in digital growth and our resolve to excel in the television remain constants amidst a dynamic business environment," added Zainulbhai, Money Control reports.
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.
