Zee Q4 FY15 ad revenues up 15% at Rs 6,697 mn

The media group has reported consolidated operating profit of Rs 2,707 million for the quarter ended March 31, 2015. Subscription revenues for Q4 FY15 stand at Rs 5,108 million

BestMediaInfo Bureau | Delhi | May 22, 2015

Zee Entertainment Enterprises has reported consolidated revenue of Rs 13,470 million for the fourth quarter ended March 31, 2015. The consolidated operating profit (EBITDA) for the quarter stood at Rs 2,707 million. Profit after tax (PAT) for the quarter was Rs 2,319 million. The EBITDA margin for the quarter stood at 20.1 per cent, while the PAT margin was 17.2 per cent.

For the full year FY15, consolidated revenue stood at Rs 48,837 million. The consolidated operating profit (EBITDA) for the year stood at Rs 12,537 million. PAT for the fiscal was Rs 9,755 million. The EBITDA margin stood at 25.7 per cent and the PAT margin was 20.0 per cent.

Advertising revenues for the fourth quarter were Rs 6,697 million, recording a growth of 15.0 per cent over Q4 FY14. For full year FY2015, advertising revenues increased by 12.0 per cent to Rs 26,603 million.

Subscription revenues stood at Rs 5,108 million for the quarter ended March 31, 2015. For the full year FY2015, subscription revenues were Rs 17,935 million.

During the quarter, domestic subscription revenues stood at Rs 4,175 million. For the full year FY15 the domestic subscription revenue stood at Rs 14,240 million. Adjusting for the difference due to accounting changes necessitated by change in TRAI's content aggregator regulation like-to-like growth for the full year FY 2015 is in low teens.

During Q4 FY15, international subscription revenues were Rs 933 million.

Subhash Chandra

Commenting on the company's results, Subhash Chandra, Chairman, Zee, stated, “Our performance in this quarter is reflective of the investments we are making to further enhance of market position. We continue to pursue opportunities in existing and new markets that will yield long term growth. Since, financially we are in a sound position, we are confident that we will benefit from exploring such growth opportunities in the coming year.”

Punit Goenka

Punit Goenka, Managing Director & Chief Executive Officer, Zee, commented, “This quarter, our performance has been satisfactory. As expected, advertising spends increased during the quarter backed by consistent performance of our channels. We also witnessed a sustainable growth in our subscription revenues in this period and with the implementation of digitisation in Phase III and IV, we expect to see our subscription revenues grow further in the future.”

Speaking about the outlook of the business, Goenka noted, “We believe that change is the only constant and strive to explore innovative and path breaking avenues to entertain our audiences in the domestic and international space.”

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