ZEEL broadcasts mixed set of numbers for Q2FY19

Nidhi Jani

Zee Entertainment Enterprises (ZEEL) reported its results for the quarter ended September 30, 2018 on Wednesday.

The company's consolidated revenue for the quarter came in at Rs. 1,975.86 crore as against Rs. 1,582.05 crore in the corresponding quarter last year, registering 24.9 per cent yoy increase. The growth was driven by the strong performance of our domestic broadcast business and aided by other businesses. Its Advertisement revenue grew by 22.7 per cent yoy and Subscription revenue grew by 21.3 per cent yoy in Q2FY19.

The EBITDA for the quarter rose by 37.2 per cent yoy to Rs. 653.7 crore as against Rs. 476.38 crore in the corresponding quarter last year, with a corresponding margin expansion of 297 bps. EBITDA margin for the quarter stood at 33.1 per cent.

The unadjusted net profit for the quarter came in at Rs. 386.1 crore as against Rs. 625.09 crore in the corresponding quarter last year, yoy decline of 38.2 per cent. This includes an exceptional gain of Rs. 134.61 crore on a slump sale basis in the quarter ended September 2017.

During Q2FY19, ZEEL continued to increase its viewership share while maintaining its position as the No. 1 network in the non-sports entertainment segment with an all-India viewership share of 19.9 per cent.

On Wednesday, the stock of ZEEL opened at Rs. 435.65 per share and gained around 7.9 per cent ahead of the announcement of quarterly numbers and made an intraday high of Rs. 465.90 per share on the BSE.

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