Financials
Zee Learn reports lowered results for Q3-2015
BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported lowered results for Q2-2015. Total Income from operations (TIO) for Q3-2015 at Rs 19.84 crore was 12.8 per cent less than the Rs 22.76 crore in Q2-2015 and 12.6 per cent less than the Rs 22.70 crore in the corresponding year ago quarter. For 9M-2015, Zee Learn’s TIO at Rs 79.90 crore was 0.3 percent less than the Rs 80.13 crore in 9M-2014.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
PAT for Q3-2015 at Rs 1.09 crore (5.5 per cent of TIO) was 4 per cent less than Rs 1.14 crore (5 per cent of TIO) in Q2-2015). In Q2-2014, the company had reported a loss of Rs 3.38 crore. For 9M-2015 PAT at Rs 5.8 crore (7.3 per cent of TIO) was more than 14 times (14.4 times) the PAT of Rs 0.40 crore (0.5 percent of TIO) in 9M-2014.
Let us look at the other Q3-2015 and 9M-2015 figures reported by Zee Learn
Zee Learn’s Total expenditure (TE) in Q3-2015 at Rs 16.91 crore (85.2 per cent of TIO) was 11.8 per cent less than the Q2-2015 TE at Rs 19.18 crore (84.3 per cent of TIO) and was 29.6 per cent lower than the Rs 24 crore (105.7 per cent of TIO) in Q3-2014. 9M-2015 TE at Rs 62.76 crore (78.6 per cent of TIO) was 18.8 per cent less than the Rs 77.27 crore (96.4 per cent of TIO) in 9M-2014.
The company’s marketing, advertisement and publicity expense (marketing expense) in Q3-2105 at Rs 1.41 crore (7.1 per cent of TIO) was 11.1 per cent less than the Rs 1.58 crore (6.9 per cent of TIO) in the immediate trailing quarter and was 28.3 per cent less than the Rs 1.95 crore (8.6 per cent of TIO) in Q3-2014. Marketing expense in 9M-2015 at Rs 5.45 crore (6.8 per cent of TIO) was 26.7 per cent lower than the Rs 7.44 crore (9.6 per cent of TIO) in 9M-2014.
Employee Benefit Expense (EBE) for Q3-2015 at Rs 6.33 crore was 8.4 per cent more than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 14.4 per cent lower than the Rs 7.4 crore (32.6 per cent of TIO) in the year ago quarter. EBE for 9M-2015 at Rs 18.91 crore (23.7 per cent of TIO) was 18.6 per cent lower than the Rs 23.22 crore (32.6 per cent of TIO) in 9M-2014.
Operating cost in Q3-2015 at Rs 0.75 crore (3.8 per cent of TIO) was 47 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in Q2-2015 and was 8.4 per cent lower than the Rs 0.82 crore (3.6 per cent of TIO) in Q3-2014. In 9M-2015, operating cost at Rs 1.94 crore (2.4 per cent of TIO) was 19.8 per cent lower than the Rs 2.42 crore (3 per cent of TIO) in 9M-2014.
Depreciation and amortisation expense (depreciation) in Q3-2015 at Rs 1.51 crore (7.6 per cent of TIO) was 10.1 per cent lower than the Rs 1.67 crore (7.4 per cent of TIO) in Q2-2015 and was 13.1 per cent lower than the Rs 1.73 crore (7.6 per cent of TIO) in Q3-2014. 9M-2015 depreciation at Rs 5.13 crore (6.4 per cent of TIO) was 2.2 per cent more than the Rs 5.02 crore (6.3 per cent of TIO) in 9M-2014.
Other expense in Q3-2015 at Rs 4.31 crore (21.7 per cent of TIO) was 21.4 per cent less than the Rs 5.49 crore (24.1 percent of TIO) in Q2-2015 and was 27.4 per cent lower than the Rs 5.94 crore (26.2 per cent of TIO) in Q2-2014. Operating cost in 9M-2015 at Rs 15.78 crore (19.7 per cent of TIO) was 8.8 per cent lower than the Rs 17.30 crore (21.6 per cent of TIO) in 9M-2014.
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.
