Financials
Zee Tele revenue up 9%, net profit down 38%
NEW DELHI/MUMBAI: The Subhash Chandra-promoted Zee Telefilms today reported higher consolidated revenues of Rs 3,359 million for the quarter ended 30 September, but a 38 per cent reduction in net profit due to increased investments in marketing and programming.
The operating profit for Q2 2006 was Rs 912 million, lower by 11.6 per cent due to higher investments in marketing and programming, while operating loss on new businesses was to the tune of Rs.327 million. Net profit was down to Rs. 425 million.
The numbers as published are after consolidating the financials of ETC Networks Limited (ETC) for the second quarter of FY2006. Since Zee has divested its stake in Padmalaya, for a like-to-like comparison, the company has excluded the financials of Padmalaya from 2Q FY2005.
According to Zee Telefilms CMD Subhash Chandra, “Over the past decade, the company has built a valuable portfolio of television programming assets including Zee TV, Zee Cinema, Zee News and the regional programming portfolio. Our business is global but our commitment goes right to the grassroots level, where we aim to provide fulsome entertainment to our viewers.
“We have therefore made fresh investments in our new channels, all covering new genres. Although this may have a short-term impact on our financials, it further strengthens the long-term prospects.”
Chandra also said that the company has identified cable distribution as a thrust area for the next financial year and is gearing up for a major push in that area. “A series of measures have been identified and plans are being chalked out under its (Siti cable, the cable company) new CEO, Mr. Jagjit Singh Kohli.”
Zee Tele CEO Pradeep Guha said that there is a perceptible improvement in viewership trend of Zee Network channels.
Zee’s revenues are generated primarily from advertising sales and subscription revenues. Other sales and services include revenues from film production and distribution, syndication, education sales and sale of set top boxes.
Zee’s advertising revenues increased in Q2 to Rs 1,477 million, a 12.1 per cent growth as compared to the corresponding quarter last fiscal. From Q1 2006, advertising revenues are being reported net of agency commission.
Overall subscription revenues at Rs 1,745 million, registering an increase of 4.2 per cent over the corresponding quarter last fiscal. Domestic pay revenues stood at Rs 776 million.
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.
