Zee Media registers 26 crores profit in Q1 FY 19-20

Zee Media operating revenue increase in Q1 FY 19-20. Quarter profitable as compared to previous quarter where it had a loss.

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Zee Media Corporation Limited (ZMCL) today reported its unaudited consolidated financial results for the quarter ending June 30, 2019.

ZEEL registered consolidated revenues of Rs 200.6 crores in Q1 FY 19-20 as compared to Rs 169.3 crores in the previous quarter. Expenditure stood at Rs 134.7 crores in the first quarter of fiscal 2020 as compared to Rs 130.4 crores in the previous quarter. Operating EBIDTA stood at Rs 65.88 crores for Q1 FY 19-20 as compared to Rs 38.9 crores in the previous quarter.

Profit after Tax (PAT) in Q1 FY 19-20 stood at Rs 26 crores in Q1 FY 19-20 as compared to a loss of Rs 86 crores in the previous quarter. Earning per share stood at Rs 0.55 against a negative EPS of Rs 1.84 in the previous quarter. Advertising revenues increased from Rs 154.2 crores in the previous quarter to Rs 185.9 crores in this quarter. Subscription revenues increased to Rs 11.28 crores as compared to Rs 10.1 crores in the previous quarter.

Operating revenue grew by 29.7% to Rs 2,006.6 mn in Q1FY20 from Rs 1,546.9 mn in Q1FY19. Operating Expenditure in Q1FY20 grew by 13.4% to Rs 1,347.8 mn from Rs 1,188.1 mn in Q1FY19. EBITDA for Q1FY20 grew by 83.6% to Rs 658.8 mn from Rs 358.8 mn for the corresponding period last financial year. EBITDA Margin grew from 23.2% in Q1FY19 to 32.8% in Q1FY20. Zee News, the network’s flagship news channel, continued to focus on news that touches the pulse of the nation and reached more than 175.4 million viewers. (Source: BARC, NCCS 2+, All India, 24hrs, 1’t Apr – 30th Jun 2019 Coverage)

The 14 news channels of ZMCL comprising 1 Global, 3 National, and 10 Regional channels together continued to be one of the largest TV news networks in the country and reached more than 308 mn viewers. (Source: BARC, NCCS 2+, All India, ZMCL Channels, 24hrs, 1st Apr – 30th Jun 2019 Coverage).

At the time of going to press ZEE Media is currently trading at Rs 11.76, down by Rs 0.19 or 1.59 % from its previous closing of Rs 11.95 on the BSE.

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Basil Kannagi Arasu

News Reporter

Basil likes to cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

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