Zee Media Corporation Ltd reports 19.8% operating revenue growth in FY19
The 14 news channels of ZMCL have reached more than 345 million viewers, as per BARC data
Zee Media Corporation Limited (ZMCL) on Wednesday reported consolidated revenues of Rs 1,693.50 million for the fourth quarter of fiscal 2019 and Rs 6,869.2 million for the entire 2018-19.
The operating revenue in FY19 grew by 19.8% to Rs 6,869.20 million from Rs 5,734.8 million in FY18. In Q4 of FY19, the operating revenue declined by 3.9% to Rs 1,693.5 million from Rs 1,762.2 million in Q4FY18.
The revenue decline was due to hold back of spends by advertisers across the industry in the first half of the quarter in view of TRAI’s New Tariff Order implementation.
However, the company managed to cover up significantly during the rest of the quarter.
The Operating Expenditure in Q4FY19 reduced by 7.7% to Rs 1,304.5 million from Rs 1,412.7 million in Q4FY18 due to business optimisation.
EBITDA for Q4FY19 grew by 11.3% to Rs 388.9 million from Rs 349.5 million for the corresponding period in the last financial year. The EBITDA margin grew from 19.8% in Q4FY18 to 23% in Q4FY19.
The network has incurred an expenditure of Rs 1,304.5 million during the quarter and Rs 5,132.8 million for the full year 2018-19, as per BARC data.
The 14 news channels of ZMCL, comprising 1 Global, 3 National and 10 Regional channels together continued to be one of the largest TV news networks in the country and reached more than 345 million viewers.
The network continued to earn accolades for its exemplary news coverage and programming. and received seven awards at the 11th enba Awards 2018, including Best News Channel of the Year.
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube