Financials
ZEEL reports 24 per cent higher PAT in FY-2014: Advt, Subs revenues up 21, 11 per cent
Updated: 07:07 PM
BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (ZEEL) reported a 23.98 per cent increase in PAT for FY-2014 at Rs 892.08 crore (20.18 per cent of total income from operations) as compared to the Rs 718.15 crore (19.45 per cent of total income from operations) in FY-2013.
PAT in Q4-2014 at Rs 217.58 crore (18.78 per cent of total income from operations) was 1.87 per cent higher than the Rs 213.59 crore (17.97 per cent of total income from operations) in Q3-2014 and 21.15 per cent more than the Rs 179.60 crore (18.63 per cent of total income from operations) in Q4-2013.
Chandra informed that the ZEEL board had recommended a dividend of Re 1 per share.
Notes: (1) The results mentioned in this report are consolidated results of ZEEL and its subsidiaries.
(2) 100,00,000=100 lakh = 1 crore = 10 million
The company reported a 21.19 per cent jump in advertising revenues to Rs 2380.05 crore (53.83 per cent of total income from operations) in FY-2014 as compared to the Rs 1963.87 crore (53.08 per cent of total income from operations) in FY-2013.
ZEEL’s subscription revenue in FY-2014 at Rs 1802.22 crore (40.76 per cent of total income from operations) was 11.02 per cent more than the Rs 1623.38 crore (43.88 per cent of total income from operations) in FY-2013. The company says that domestic subscription revenue in FY-2014 was Rs 1318.4 crore registering a growth of 13.2 per cent over the last fiscal and international subscription revenue at Rs 483.9 crore was 5.5 per cent more than the previous year.
ZEEL’s total operating income including other sales and services in FY-2014 at Rs 4421.70 crore was 19.52 per cent more than the Rs 3699.57 crore in FY-2013.
The company says that its sports channels recorded revenue of Rs 195.9 crore and incurred costs of Rs 160.8 crore in Q4-2014.
Let us look at the other FY-2014 and Q4-2014 numbers reported by ZEEL
However, quarter-on-quarter, its advertising revenue was (-14.90) per cent lower in Q4-2014 at Rs 582.36 crore (50.26 per cent of total income from operations) as compared to the Rs 684.31 crore (59.05 per cent of total income from operations) in the immediate trailing quarter and just 1.98 per cent more than the Rs 454.55 crore (49.70 per cent of total income from operations) in Q4-2013.
ZEEL reported a 1.54 per cent growth in subscription revenue in Q4-2014 at Rs 463.54 crore (40 per cent of total income from operations) as compared to the Rs 456.49 crore (38.41 per cent of total income from operations) in the immediate previous quarter Q3-2014, and 1.98 per cent more than the Rs 455.55 crore (47.14 per cent of total income from operations) in Q4-2013. ZEEL says that domestic subscription revenue at Rs 334.4 crore and international subscription was Rs 129.2 crore in Q4-2014.
ZEEL’s total operating income including other sales and services in Q4-2014 at Rs 1158.81 crore was (-2.49) per cent lower than the Rs 1188.36 crore in Q3-2014 and 20.17 per cent more than the Rs 964.29 crore in Q4-2013.
The company reported 17.32 per cent rise in total expense to Rs 3267.54 crore (73.90 per cent of total income from operations) in FY-2014 as compared to the Rs 2785.18 crore (75.28 per cent of total income from operations) in FY-2013.
ZEEL’s total expense in Q4-2014 was (-4.93) per cent lower at Rs 866.15 crore (74.74 per cent of total income from operations) as compared to the Rs 911.10 crore (76.67 per cent of total income from operations) in Q3-2014 and 18.09 per cent more than the Rs 733.49 crore (76.07 per cent of total income from operations) in the year ago quarter Q4-2013.
A major expense head for ZEEL is operation cost. In FY-2014, ZEEL reported 18.89 per cent higher operation cost at Rs 2068.79 crore (46.79 per cent of total income from operations) than the Rs 1740.08 crore (47.04 per cent of total income from operations) in FY-2013.
The company reported Rs 544.42 crore (46.98 per cent of total income from operations) as operation cost in Q4-2014 which was (-10.68) per cent lower than the Rs 609.50 crore (51.29 per cent of total income from operations) in Q3-2014 and 16.61 per cent more than the Rs 466.88 crore (48.42 per cent of total income from operations) in Q4-2013.
Other expense in FY-2014 at Rs 758.10 crore (17.14 per cent of total income from operations) was 15.55 per cent more than the Rs 656.10 crore (17.73 per cent of total income from operations) in FY-2013. Other expense at Rs 202.97 crore (17.52 per cent of total income from operations) in Q4-2014 was 5.57 per cent more than the Rs 192.27 crore in Q3-2014 (16.18 per cent of total income from operations) and 18.25 per cent more than the Rs 171.64 crore (17.80 per cent of total income from operations) in Q4-2013.
ZEEL reported a 25.70 per cent jump in depreciation and amortisation cost (DACC) in FY-2014 to Rs 50.13 crore as compared to the Rs 39.88 crore in FY-2013. DACC in Q4-2014 was higher by 40.46 per cent at Rs 18.92 crore in Q4-2014 as compared to the Rs 13.47 crore in Q3-2014 and 65.1 per cent more than the Rs 11.46 crore in Q4-2013.
ZEEL’s finance costs too were higher by 84.56 per cent in FY-2014 at Rs 15.78 crore in FY-2014 as compared to the Rs 8.55 crore in FY-2014. In Q4-2014, the company reported finance cost of Rs 7.02 crore which was more than double (2.2 times) the Rs 3.19 crore in Q4-2014 and 2.47 times the Rs 2.84 crore in Q4-2013.
ZEEL chairman Chandra said, “Indian economy continued to grow at a sluggish pace of less than 5 per cent in FY-2014. This has continued to put pressure on overall advertising spends which have barely touched the double digit mark. To some extent, election related spends have helped. The good part is that with a stable government, growth is expected to pick up. We expect that despite a slow economy, television media industry will continue its double digit growth.
“Fiscal 2014 was a landmark year for the television industry in many ways. On the one hand it marked the implementation of the 12 minute advertising cap by majority of the broadcasters. On the other hand, it saw the implementation of the second phase of digitization in 38 cities of the country. Also, it saw the change in television measurement metric from GRP to TVTs and the formation of a joint industry body for nationwide audience research, Broadcast Audience Research Council,” he added.
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.
