Financials
Zee FY-02 results on 29 April; to mull hike in FII stake limit
Subhash Chandra’s Zee Telefilms, which has been on the lookout for a strategic investor to Zee for a while now, plans to raise its overseas holding by 19 per cent from the present 30 per cent to 49 per cent.
The Zee Telefilms’ board has scheduled a meeting on 29 April to discuss this matter, as well as consider the financial results for the fourth quarter and the year ended 31 March, 2002.
The news that overseas holding is to go up follows close on the heels of a report put out last week by the Press Trust of India that the Zee’s promoters have diluted their stake by seven per cent to bring it down to 52.78 per cent as of 31 March, 2002.
Of the 52.78 per cent promoter stake, foreign promoters (including overseas corporate bodies) hold 29.46 per cent share while the Indian promoters hold the remaining 23.32 per cent stake, the report, sourcing information available with the stock exchanges, said.
Promoter stake has been falling steadily in Zee Telefilms for more than two years now. It stood at 66.59 per cent in March 2000. Over these two years, promoters have reduced their exposure by a whopping 14 per cent.
Besides changes in the promoter equity, FIIs have increased their stake in ZTL to 33.88 per cent from 24.71 per cent or by just over nine per cent over the last 12 months.
The stake held by the public stands at 6.51 per cent, down from 7.59 per cent on 31 March 31, 2001. Private Corporate Bodies as well as the category of NRIs/OCBs held steady at 6.14 per cent and 0.69 per cent respectively over most of last fiscal, the report said.
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.
