Zee Telefilms records Rs 92.7 crore profit

Zee Telefilms records Rs 92.7 crore profit

Author | exchange4media News Service | Saturday, Apr 30,2005 7:44 AM

Zee Telefilms records Rs 92.7 crore profit

Zee Telefilms Limited has reported fourth quarter consolidated revenues of Rs 387.80 crore representing a 10.1 per cent growth over the corresponding period in the previous fiscal. The consolidated operating profit stood at Rs 125.5 crore, showing a 24.4 per cent growth over the same period last year.

Profit-before-tax for the fourth quarter of the fiscal 2005 was Rs 124.7 crore, a growth of 12.6 per cent as compared to the corresponding quarter last year, while net profit was Rs 92.7 crore, a growth of 11.4 per cent, after providing Rs 47 million as exceptional item.

The numbers as mentioned are after consolidating the financials of ETC Networks Limited (ETC) for the fourth quarter of FY 2005, but without consolidating the financials of Padmalaya, since Zee has divested its stake in Padmalaya. The Board of Directors have taken on record the un-audited consolidated financial results of Zee Telefilms Limited and its subsidiaries for the quarter ended March 31, 2005.

Subhash Chandra, Chairman and Managing Director, said, "Though we had a fairly good fourth quarter, we are set for a better performance in FY 2006. We have made quite a few critical changes, which would allow us to be more productive. Starting with appointment of Pradeep Guha as CEO for our content business, we have put in place a very strong management team. We have increased the GRPs of Zee channels consistently over the previous quarter, while maintaining lead in Hindi movies, music and regional language channels."

Guha, said, "Our effort of improving the product quality is an ongoing one and would translate into increased consumer demand. The re-branding exercise we undertook during the quarter weaves a thread of common identity between our many diverse brands and brings us closer to our younger audience."

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