Financials
Zee Media Q2: posts 76 per cent growth in ad revenues
MUMBAI: Zee Media Corporation (ZMCL) has reported a 57.9 per cent rise in its operating revenue (Total Income from Operations – TIO) in Q2-2015 to Rs 131.12 crore from Rs 83.02 crore in the corresponding quarter last year (Q1-2014) and a one per cent drop than the Rs 133.46 crore reported in the trailing quarter (Q1-2015).
The Company posted a 76 per cent growth in its advertising revenue to Rs 93.14 crore (71 per cent of TIO) in Q2-2015 as compared to Rs 52.92 crore in Q2-2014 and 16 per cent rise from the Rs 80.1 crore in Q1-2015. The ad revenue from existing channels reported a 42 per cent rise at Rs 68.58 crore versus Rs 48.28 crore in the corresponding quarter last year while the ad revenue from new channels posted a 62 per cent fall at Rs 2.52 crore as compared to Rs 6.64 crore in Q2-2014.
The subscription revenue for the company grew by 12.8 per cent to Rs 28.07 crore in the current quarter versus Rs 24.90 crore in Q2-2014. The subscription revenue from the existing channels at Rs 24.62 crore was 1.1 per cent less than the Rs 24.90 crore in Q2-2014.
The media corporation posted a Rs 12.8 crore loss in the current quarter as compared to Rs 14.57 crore loss in Q1-2015 and a profit of Rs 4.27 crore in the corresponding quarter last year (Q2-2014).
Zee Media posts revenue from two segments: print and television.
For television business, the company reported total revenue of Rs 98.56 crore, 51 per cent less than the Rs 202.43 crore in Q2-2014 and 5 per cent less than Rs 103.87 crore in Q1-2015.
While for the print business, it posted total revenue of Rs 32.59 crore for Q2-2015 which was 47.5 per cent below the Rs 62.18 crore reported in Q2-2014 and 10 per cent more than Rs 29.59 crore, the total revenue in Q1-2015.
The total expenditure for the company in Q2-2015 rose 65.5 per cent at Rs 125 crore from Rs 75.54 crore. The total expenditure for the television segment was reported at Rs 88.05 crore, while for the print segment it was at Rs 36.95 crore in Q2-2015. The total expense for the existing channels is 11.2 per cent at Rs 75.41 crore in Q2-2015 from Rs 67.84 crore in Q2-2014 while for the new channels; the expenditure has been reported at Rs 12.65 crore in Q2-2015, 64.2 per cent higher than the Rs 7.7 crore in Q2-2014.
The cost of goods and operations for the current quarter increased 70.6 per cent at Rs 29.02 crore (23.2 per cent of TIO) versus Rs 17.01 crore (22.5 per cent of TIO) in Q2-2014.
The employee cost for the quarter was reported at Rs 41.67 crore (33.3 per cent of TIO), 68.97 per cent more than the Rs 24.66 crore (32.6 per cent of TIO) in Q2-2014.
The company posted its other expenses at Rs 54.31 crore (43.5 per cent of TIO) which was 69.34 per cent per cent more than the Rs 33.87 crore (44.9 per cent of TIO) in Q2-2014.
The EBITDA for the company fell 18.2 per cent at Rs 6.12 crore in Q2-2015 versus Rs 7.48 crore in Q2-2014. The EBITDA for the existing channels have been reported at Rs 20.62 crore. For the new channels EBITDA is at a loss of Rs 10.13 crore in the current quarter versus a loss of Rs 3.06 crore in Q2-2014. The EBITDA for the existing channels is up by 95.6 per cent as compared to Rs 10.54 crore in Q2-2014.
Speaking about the earnings for the current quarter, ZMCL non-executive chairman Subhash Chandra said, “Even as GDP growth in the second quarter is likely to be lower than that in the first quarter of this financial year, domestic industry is likely to witness improved margins which help in developing the investment climate in the country. With India emerging as the only country in the BRICS block to pick up a growth momentum, foreign investors are expected to inject the much needed funds into the system. The honorable Prime Minister’s recent visit to Japan and the US are also likely to augment the same. The mood of public as well as business confidence has improved in general. Providing further buoyancy to the economy is the new hope on the horizon that inflation may finally start softening on the back of steady fall in international crude oil prices and easing of food inflation in the second quarter. A vibrant economy, helped by government’s policy push, will benefit the media and entertainment industry in the mid to long run.”
The company reached 146.7 million viewers across India and continues to be the largest news network riding on the strength of its two national, eight regional news channels, DNA newspaper and its digital platforms – zeenews.com, dnaindia.com, Facebook, YouTube and Twitter, the press release stated.
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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.
