Financials
TV18 Broadcast consolidated Q3 net profit up 142%
MUMBAI: TV18 Broadcast Ltd’s consolidated net profit in the quarter ended December 31, 2013 rose 142 per cent from a year earlier on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.
TV18’s reported revenues on a consolidated basis stood at Rs 525.5 crore in the third quarter of 2013-14, up 3 per cent from a year ago.
TV18’s consolidated programming cost in the third quarter fell to Rs 142.58 crore from Rs 155.52 crore a year ago. Its marketing, distribution and promotional expenditure in the third quarter was down to Rs 140.78 crore from Rs 166.01 crore a year ago.
The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs 77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.
On a consolidated basis, the company’s advertising revenues grew 3 per cent year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.
Its net distribution Income continued its steady growth at Rs 43.6 crore, a rise of 145 per cent year on year.
TV18’s broadcast operations turned in a very strong quarter with an operating profit of Rs 91.1 crores, up 110 per cent on a year over year basis.
TV18’s proforma results assuming financial consolidation of 100 per cent of ETV News and 50 per cent of ETV Entertainment, showed its revenues were up 5 per cent at Rs 595.9 crore in the third quarter and pperating profit (EBITDA) was up 79 per cent year on year at Rs. 94.5 crores led by a strong performance in ETV News.
TV18 said on a proforma basis, this was a landmark quarter for TV18 with broadcast operations turning in an EBITDA of Rs 108.1 crore. ETV Entertainment reported a sharp reduction in losses compared to the previous two quarters as programming and marketing investments made in the first half led to an upswing in ratings and revenues.
On 22 Jan 2014, after receiving the required regulatory approvals, TV18 completed the acquisition of the ETV channels – 100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.
Raghav Bahl, Managing Director of Network18, the promoter of TV18, said, “…..the strong performance of TV18 (was) despite the continued uncertainty in the macro-economic landscape…. The environmental risks may continue in the medium term.”
Bahl said the company’s pre-tax profits almost tripled due to the robust operating performance of the broadcast operations and a significantly deleveraged balance sheet.
Network18’s Group CEO B. Saikumar, said, “Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.
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.
