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ZEE Reports Growth in Q1 2013

News Helpline | July, 25 2012

Zee Entertainment Enterprises Ltd (ZEE) is reported to have registered growth in the first quarter fiscal 2013. It has generated consolidated revenue of Rs 8430 million. The consolidated operating profit (EBITDA) for the quarter stood at Rs 2,332 million and PAT was Rs 1,570 million. The EBITDA margin for the quarter stood at 27.7 per cent and the PAT margin was 18.6 per cent.

Advertising revenues for the quarter were Rs 4,472 million, a growth of 18 per cent over 1Q FY12. Subscription revenues were Rs 3,641 million for the quarter, recording a 19 per cent y-o-y growth. During the quarter, domestic subscription revenues stood at Rs 2,505 million, while international subscription revenues were Rs 1,137 million.

Commenting on the first quarter results, Subash Chandra, Chairman, Zee, said, “It is encouraging to see that ZEE has recorded a strong improvement in the operating and financial performance during the quarter. This has been on the back of increased investments that we are undertaking to grow the business and market share. We have a very strong balance sheet and I am confident that we would take advantage of the growth opportunities ahead of us and will record improved operating performance in the period ahead.”

Punit Goenka, Managing Director and CEO, Zee, said, “ZEE has started the year on a good note with improvement in the operating performance in Q1FY13. Our portfolio has done well, both in terms of viewership ratings and revenues. ZEE’s flagship channel, Zee TV has seen a rise in the average GRPs in 1QFY13 compared to 4QFY12 and 3QFY12. During the quarter, we have been able to improve operating margins, partly due to higher viewership share and partly due to lower sports losses. In line with our focus of investing in content and programming we have launched new shows in the quarter, which have been well received by the audience.”

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