Zee records 25.4% growth in Q1 FY16 ad revenues, subscription revenues up 12.2 %

Zee has reported consolidated revenue of Rs 13,399 million for the first quarter ended June 30, 2015, recording a growth of 27.0 per cent

BestMediaInfo Bureau | Mumbai | July 16, 2015

Zee Entertainment Enterprises has reported consolidated revenue of Rs 13,399 million for the first quarter ended June 30, 2015. The consolidated operating profit (EBITDA) for the quarter stood at Rs 3,112 million, while profit after tax for the quarter was Rs 2,423 million. The EBITDA margin for the quarter stood at 23.2 per cent and the PAT margin was 18.1 per cent.

As per the earnings release, Zee's advertising revenues for Q1 FY16 stood at Rs 7,799 million, recording a growth of 25.4 over Q1 FY15.

Subscription revenues were at Rs 4,625 million, recording a growth of 12.2 per cent over Q1 FY15. During the quarter, domestic subscription revenues stood at Rs 3,680 million, while international subscription revenues stood at Rs 945 million.

Consolidated operating revenues for the quarter stood at Rs 13,399 million, recording a growth of 27.0 per cent as compared to the corresponding quarter of the previous fiscal.

Profit after Tax (PAT) for the quarter ended June 30, 2015 was Rs 2,423 million, recording a growth of 15.4 per cent over Q1 FY15.

Subhash Chandra

Subhash Chandra, Chairman, Zee, commented, “The Indian Media & Entertainment industry is making strides in the economy, backed by rising advertising revenues and consumer payments. 61 per cent of all households in India are now equipped with a television making us the second largest TV viewership market after China. With digitisation, subscription revenues in urban and rural areas are growing, resulting in a healthy impact on the industry.”

Punit Goenka

Commenting on the results, Punit Goenka, Managing Director & Chief Executive Officer, Zee, said, “Zee has started the year on a good note, witnessing good returns on the operational front. This clearly highlights the popularity of our programmes, which continue to attract loyal audiences. We continue to experience growth in both advertising and subscription revenues through the launch of new and innovative programming.”

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