Top Story

Home >> Media-TV >> Article

ZEEL Q3 consolidated revenue up 55 pc at Rs 8,249 mn

17-January-2011
Font Size   16
ZEEL Q3 consolidated revenue up 55 pc at Rs 8,249 mn

Post its Board meeting held in Singapore, Zee Entertainment Enterprises Ltd (ZEEL) on January 14, 2011 reported its Q3 FY11 consolidated revenue of Rs 8,249 million, representing a 55 per cent growth over the corresponding period in the previous fiscal. The consolidated operating profit (EBITDA) for the quarter stood at Rs 2,242 million, while profit after tax before extraordinary items stood at Rs 1,554 million. The EBITDA margin for the quarter stood at 27.2 per cent.

Advertising revenues were Rs 4,398 million, whereas subscription revenues were Rs 2,818 million for the quarter ended December 31, 2010. While advertising revenues increased by 62 per cent, subscription revenues showed an increase of 14 per cent as compared to the corresponding period last fiscal. Subscription revenues from domestic DTH stood at Rs 821 million during this quarter, an increase of 30 per cent over Q3 FY10.

The numbers as published are after consolidating the financials of Taj TV Ltd. The numbers of the third quarter ended December 31, 2010 include financial results of the Regional General Entertainment Channel business (R-GEC) acquired from Zee News Ltd (ZNL). The R-GEC business was acquired w.e.f. January 1, 2010. 9X business undertaking of 9X Media Pvt Ltd and ETC Networks Ltd were also merged with the company w.e.f. March 31, 2010. Post the merger of ETC Networks Ltd with ZEEL, the entire education business undertaking of ZEEL was demerged into a new listed company, Zee Learn Ltd w.e.f. April 01, 2010. Hence, the numbers for this quarter are not comparable with those of the corresponding quarter last fiscal.

In a prepared statement, Subhash Chandra, Chairman, Zee Group, stated, “We are pleased to see continuing buoyancy in media spends in India. A rapid adoption of satellite based television services via DTH proves that consumers are opting for better digital technology. This augurs well for the television industry, both for content owners and for DTH industry. During the nine months ended December 2010, India added 9.6 million digital homes on DTH alone, and the DTH subscriber base has gone up to 30.6 million homes.”

Commenting on the third quarter results of the company, Chandra added, “While the competition has intensified in the Indian television segment, our performance remained steady across genres and across languages. Our investments in sports genre have continued during the quarter.”

Punit Goenka, Managing Director and CEO, ZEEL, commented, “The performance of Zee Network has been satisfactory on all parameters, despite intensified competition in the Hindi entertainment segment. During the quarter, our advertising revenues have grown by 62 per cent, and we have seen healthy growth in cable revenues. DTH revenues also continued to grow, reflecting a growing adoption of digital DTH services.”

Speaking on the regional television landscape, Goenka said, “We continue to see robust growth in the regional segment. While we continued to lead the Marathi genre strongly with 33 of the top 50 shows, we managed to gain market share in the Bangla genre from an average of 271 GRPs in the second quarter of this fiscal to an average of 383 GRPs during the current quarter.”

Elaborating on the sports business, Goenka added, “We had a sports heavy calendar during the quarter, including several soccer properties and multiple cricket properties showcased on our channels. It included the cricket matches played by South Africa versus Pakistan, Sri Lanka versus West Indies and India versus South Africa tests. This has resulted in an increase in our operating cost on account of sports.”
 

Tags e4m

Kartikeya Sharma says that June has been the best month for sales in the 11 years that the brand has been in India

The newly appointed CEO of ZEE5 on how he aims to have the widest appeal in the OTT space amongst Indian consumers

The VP, Marketing and Communications (South Asia), talks about the company's growth strategy, its focus areas, impact of demonetisation on consumer behaviour and much more

Siju Prabhakaran, South Cluster Head, Zee Entertainment Enterprises Limited, talks about channel's rebranding, extending fiction shows to weekends and much more

right
left
RADIO CITY CELEBRATES ITS 17TH ANNIVERSARY WITH CONCERT, AWARDS AND FUN 5TH EDITION OF TIMES NOW & ICICI BANK’S NRI OF THE YEAR AWARDS GLOBAL INDIANS PITCH CMO SUMMIT BENGALURU SEES TOP INDUSTRY LEADERS AND MARKETERS IN ATTENDANCE DISTINGUISHED JURY COMES TOGETHER TO PICK WINNERS FOR PITCH’S TOP 50 BRANDS PITCH CMO SUMMIT BANGALORE SEES TOP CMOS ACROSS INDUSTRIES IN ATTENDANCE 1ST REPUBLIC TV GULF INDIAN LEADERSHIP SUMMIT & AWARDS HONOUR STALWARTS OF INDIAN GULF BUSINESS COMMUNITY SONY YAY! CELEBRATES ITS FIRST BIRTHDAY WITH PARTY FOR TRADE PARTNERS THOUGHT LEADERS AND TOP DIGITAL MARKETERS SPEAK @ EXCHANGE4MEDIA GROUP’S TECHMANCH 2018 IN MUMBAI EXCHANGE4MEDIA’S IDMA 2018 RECOGNIZES INDUSTRY’S BEST DIGITAL MARKETING CAMPAIGNS REALTY PLUS UNVEILS COFFEE TABLE BOOK AT 10TH CONCLAVE & EXCELLENCE AWARDS @AHMEDABAD EMINENT JURY CONGREGATES TO PICK WINNERS OF INDIAN DIGITAL MARKETING AWARDS 2018 OFF THE CUFF SEES ‘SWACHH BHARAT ABHIYAN’ MAN PARAMESWARAN IYER IN CONVERSATION WITH SHEKHAR GUPTA EXCHANGE4MEDIA’S LOUDEST.IN HOSTS INAUGURAL EDITION OF MUSIC INC. IN MUMBAI EMINENT JURY CONGREGATES TO PICK IMPACT’S 40UNDERFORTY ACHIEVERS PORTER PRIZE & INSTITUTE FOR COMPETITIVENESS RECOGNIZE STRATEGIC ACUMEN IN COMPANIES DELHI AD CLUB-SAARC AWARDS 2018 RECOGNIZE EXCELLENCE ACROSS CREATIVE, MEDIA & DIGITAL AGENCIES BSNL & CALL2ACTION COMMUNICATION INDIA LAUNCH MOBILE ADVERTISING PLATFORM, INFOMO IN NEW DELHI CHILDREN’S RIGHTS ACTIVIST KAILASH SATYARTHI LAUNCHES BOOK ‘EVERY CHILD MATTERS’ SENIOR JOURNALIST VIJAY TRIVEDI LAUNCHES BOOK ‘YADA YADA HI YOGI’ BASED ON YOGI ADITYANATH EMINENT JURY CONGREGATES TO PICK IMPACT’S 40UNDERFORTY ACHIEVERS

Colors Kannada, Asianet, SUN TV and Star Maa retained the lead positions in their respective markets, according to the Week 27 data released by BARC.

The campaign establishes an emotional connect with JSW Cement’s eco-friendly cement promising longevity and durability of a home

Your weekly news roundup, a summary of some of the stories to keep an eye on