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ZEEL’s net profit up 20% to Rs 956 crore in FY22

FY22 domestic ad sales revenue was up 18% YoY and stood at 4,195 crore

For the fiscal year ended March 2022, Zee Entertainment Enterprise Ltd (ZEEL) posted a net profit of Rs 955.77 crore, up 20% YoY. It had reported a net profit of Rs 793.04 crore in the previous fiscal.

Its total income was at Rs 8,310.64 crore in 2021-22, up 18.2% from Rs 7,840.35 crore in FY 2020-21.

FY22 domestic ad sales revenue was up 18% YoY and stood at 4,195 crore.

The subscription revenue for the full year remained flat YoY as pricing embargo continued to impact linear revenue growth.

The company reported a consolidated net profit of Rs 181.93 crore for the fourth quarter of FY22. The company had posted a net profit of Rs 272.36 crore in the January-March quarter a year ago, according to a BSE filing.

Its total income during the quarter under review was Rs 2,361.17 crore. It was at Rs 1,984.39 crore in the year-ago period.

"The impact on the results for the quarter and year ended March 31, 2022, is primarily due to restrictions caused by the COVID-19 on the business activities. Hence, the results for the quarter and year ended March 31, 2022, are not strictly comparable with the results of the earlier periods presented," ZEEL said.

Revenue from advertisement was at Rs 1,119.83 crore in the latest March quarter as against Rs 1,122.96 crore in the preceding year.

While its subscription revenue was at Rs 854.86 crore as against Rs 803.35 crore in the March quarter of FY21.

Revenue from 'other sales and services' was at Rs 348.21 crore in comparison with Rs 39.51 crore a year ago.

ZEEL's total expenses in the quarter under review were at Rs 1,921.80 crore. It was Rs 1,516.10 crore in the corresponding quarter previous year.

Zee5

The company’s VOD service Zee5 recorded a 31% jump in revenues. The full-year revenue stood at Rs 549.6 crore.

For Q4, Zee5 revenues stood at Rs 161.4 crore, up 11% sequentially.

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