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ZEEL’s Q4 advertising revenues at Rs 8,645 Mn, up 29.1% YoY

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ZEEL’s Q4 advertising revenues at Rs 8,645 Mn, up 29.1% YoY

Zee Entertainment Enterprises Limited (ZEE) (BSE: 505537, NSE: ZEEL.EQ) today reported its fourth quarter fiscal 2016 consolidated revenue of Rs 15,316 million. The consolidated operating profit (EBITDA) for the quarter stood at Rs 4,136 million. PAT for the quarter was Rs 2,659 million. The EBITDA margin for the quarter stood at 27.0% and the PAT margin was 17.4%. For the full year FY16 consolidated revenue stood at Rs 58,515 million. The consolidated operating profit (EBITDA) for the year stood at Rs 15,096 million. PAT for the fiscal was Rs 10,289 million. The EBITDA margin stood at 25.8% and the PAT margin was 17.6%.


Dr. Subhash Chandra, Chairman, ZEEL, stated, “The past year saw good economic growth in India despite most of the economies across the world not faring well. The government’s policies have finally begun to show results as witnessed in renewed industrial activity and sustained low inflation. Interest rate cuts, normal monsoon and continued reforms process will further help the economic growth momentum.”

Commenting on the results of the Company, Dr. Chandra added, “The results have once again shown that the Company is committed to the goal of profitable growth and enhancing shareholder wealth. The growth in the quarter has been satisfactory and the investment in the new channels has started showing results. We strive to seek out growth opportunities which will give sustainable long term growth. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”

Punit Goenka, Managing Director & Chief Executive Officer, ZEEL, commented, “I am happy to announce that our sustained growth momentum through the year continued in the fourth quarter as well and we have ended the year on a strong note. Our growth has been ahead of the market growth trajectory which is being reflected in the improving viewership share of our network. We continue to see strong growth in both existing and new products.”

Channels. The channel delivered a weekly average of 10 shows among top 50 shows during the quarter led by the top rated shows like Kumkum Bhagya, Jamai Raja, Tashan E Ishq and Ek Tha Raja. New shows launched during the quarter Meri Sasu Maa and Sa Re Ga Ma Pa have performed well since launch. &tv which completed one year of operation in March 2016 continued to increase its popularity with the urban audience. The channel recorded 25% growth in urban viewership in the last quarter. The popular fiction show, Bhabhiji Ghar Pe Hai strengthened its position and became the second best performing show in its slot. &tv launched one fiction show during the quarter. The hugely successful international dance show ‘So You Think You Can Dance’ was launched with an Indian flavor in April.

ZEE’s revenues are generated primarily from advertising sales and subscription revenues. The following table sets forth the percentage of revenues that each type contributes to consolidated revenues in the fourth quarter of FY2016 and FY2015.

ZEE’s advertising revenues during the quarter were Rs 8,645 million, showing an increase of 29.1% y-o-y. Total subscription revenues for the quarter were Rs 5,944 million. During the current quarter, domestic subscription revenues stood at Rs 4,682 million registering a growth of 12.1% over corresponding period last fiscal, while international subscription revenues were Rs 1,262 million, up 35.3% over last fiscal. Other sales and services include syndication sales, film distribution, commission on sales, play out & transmission services, facility usage income among others. During the quarter, other sales and services stood at Rs 727 million. The company had recorded revenue of Rs 1,666 million under this head during the corresponding period last fiscal.

Operating cost in the quarter was Rs 6,881 million as compared to Rs 6,201 million in the corresponding period last fiscal, an increase of 11.0%. Employee cost for the quarter stood at Rs 1,297 million going up by 7.3% over the corresponding period last fiscal. Selling & other expenses in the quarter were at Rs 3,002 million, as compared to Rs 3,353 million in the corresponding period last fiscal, registering a decrease of 10.5%. Total costs incurred by the Company in this quarter were Rs 11,180 million, an increase of 3.9% over the corresponding period last fiscal.


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