Financials
TV18 Q3-2015 consolidated operating results improve 40 per cent
BENGALURU: TV18 Broadcast Limited’s (TV18) Board of Directors has approved the appointment of Rohit Bansal as an additional non-executive director on the board of the company. This was decided at the meeting held on 14 January 2015.
Declaring the financial results, the company reported a 40 per cent improvement in operating profit (PBDIT – Profit before depreciation, interest and tax) in Q3-2015 at Rs 79.4 crore versus the Rs 56.7 crore in the immediate trailing quarter and 2.5 per cent more than the Rs 77.4 crore in the corresponding year ago quarter.
The company reported a healthy 9.7 per cent and 15.6 percent growth in Income from Operations in Q3-2015 at Rs 607.2 crore as compared to the Rs 553.7 crore and the Rs 525.5 crore in Q2-2015 and Q3-2014 respectively.
Year to date (9M-2015), the company’s Income from operations went up 20.2 per cent to Rs 1688.6 crore from Rs 1404.8 crore during 9M-2014. Operating PBDIT in 9M-2015 at Rs 183.8 crore was 30.8 per cent more than the Rs 140.6 crore in 9M-2014.
Let us look at the other figures reported by TV18:
Total Expense (TE) in Q3-2015 at Rs 542.3 crore was 6.8 per cent more than the Rs 508 crore in Q2-2015 and 17.9 per cent more than the Rs 460.1 crore in Q3-2014. TE in 9M-2015 at Rs 1559.8 crore was 20 per cent more than the Rs 1299.4 crore in 9M-2014.
Programming cost was up 19.3 per cent in Q3-2015 at Rs 203.8 crore from Rs 170.9 crore in Q2-2015 and 42.9 per cent more than the Rs 142.6 crore in Q3-2014. Programming cost for 9M-2015 jumped 53 per cent to Rs 540.4 crore from Rs 353.3 crore in 9M-2014.
TV18’s depreciation and amortisation (depreciation) at Rs 14.4 crore in Q3-2014 was 30.9 per cent more than the Rs 11.0 crore in Q2-2015 and was 19 per cent more than the Rs 12.1 crore in Q3-2014. The company’s depreciation expense in 9M-2015 at Rs 55 crore was 56.25 per cent more than the Rs 35.2 crore in 9M-2014.
According to the company, CNBC-TV18 maintained its leadership as the No.1 channel in its genre with a market share of 55 per cent in Q3-2015. CNBC Awaaz also maintained its position as the No.1 channel in the Hindi business news genre with a market share of 61 per cent in the quarter and CNBC Bajar showed consistent and accelerated growth in viewership with a 182 percent increase in Q3-2015 over Q2-2015. CNN-IBN stood at No.2 position in the English General News category in Q3-2015 with a market share of 25 percent. Its Hindi GEC Colors was number two with a market share of 19 percent in this quarter. The company added that its regional news and entertainment group of channels under the ETV umbrella also performed well.
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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.
