Financials
TV18 profits decline in third quarter
BENGALURU: TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year ago quarter. For the immediate trailing quarter Q2-18 (quarter-on-quarter), income stood at Rs 11.83 crore.
Consolidated profit after tax for the quarter under review was 8.1 percent lower year-on-year at Rs 15.87 crore as compared with Rs 17.27 crore but more than double (2.16 times) the Rs 7.3 crore in the immediate trailing quarter. The company’s consolidated simple EBIDTA (excluding GST and other income) was 2.1 percent lower y-o-y at Rs 38.65 crore (13.9 percent margin) as compared with Rs 39.49 crore (15.5 percent margin) and more than five times the Rs 7.6 crore in Q2-18.
Consolidated total income in Q3-18 increased by 8.9 percent y-o-y to Rs 277 crore from Rs 254 crore and was 18 percent higher y-o-y than Rs 235 crore in Q2-18.
Consolidated total expenditure rose by 9.4 percent y-o-y in Q3-18 to Rs 261 crore from Rs 269 crore and was 5.4 percent higher q-o-q as against Rs 247 crore.
The company has two segments–media operations and film production and distribution (films). The lion’s share of the revenue was from the company’s media operations.
Both segments reported operating profits for Q3-18 – of Rs 47 crore (media operations) and Rs 88 Lakh (film production and distribution). Media operations had operating profit of Rs 42 crore while film production and distribution incurred operating loss of Rs 5.3 crore in Q3-17. In the immediate trailing quarter, both segments had reported operating profit of Rs 47 crore and Rs 5.7 crore, respectively.
The company’s marketing, distribution and promotional expense during the quarter under review rose by 14.8 percent y-o-y to Rs 44 crore from Rs 38 crore but was 3.8 percent lower q-o-q. The employee benefit expense in Q3-18 swelled by 12.9 percent y-o-y to Rs 93 crore from Rs 82 crore but declined by 5.4 percent q-o-q from Rs 98 crore.
Other expenses during the quarter under review increased by 7.6 percent y-o-y to Rs 101 crore in Q3-18 from Rs 94.4 crore and was 22.2 percent q-o-q more than Rs 83 crore.
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.
