Financials
Zeel reports Rs 21,126 million revenue in Q3’FY22
Mumbai: Zee Entertainment Enterprises Ltd (Zeel) on Wednesday reported its financial results for the quarter ended 31 December 2021. The media conglomerate has posted revenues of Rs 21,126 million for Q3’FY22, down three per cent from Rs 21,781 million in Q3’FY21.
Thr revenue from advertising and subscription stood at Rs 12,608 million and Rs 7,902 million respectively. The corresponding figures for Q3’FY21 were Rs 13,020 million and Rs 8,419 million. There was a six per cent increase in overall expenditure.
The A&P spends went up from Rs 1,798 million in Q3’FY21 to Rs 2,282 million in the quarter ended 31 December 2021.
The company PAT showed a degrowth of 10.1 per cent, from Rs 3,321 million in Q3’FY21 to Rs 2,987 million this quarter.
Zee’s network share fell from 18.2 per cent in Q3’21 to 17.3 per cent this quarter. Share for the last quarter was 17.7 per cent. Total TV viewership went down, as compared to the previous quarter, due to lower contribution by movies.
The company’s OTT platform Zee5 witnessed significant growth in MAUs on the back of robust content release in Q3. 51 shows and films (which includes 11 originals) released during the quarter.
Global MAUs (Monthly Active Users) and DAUs (Daily Active Users) in December 2021 stood at 101.9 million (YoY up 36 million), and 9.6 million (YoY up 4.2 million) respectively.
Q3 revenues reported were Rs 1,459 million; up 12 per cent sequentially. 9M revenues stood at Rs 3,882 million (up by 24.6 per cent).
Average watch time increased from 133 mins in Q3’ FY21 to 201 mins in Q3’FY22. The QoQ is up by 15 mins.
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.
