Zee Leisure This autumn Outcomes: ZEE This autumn outcomes: Agency posts PAT of Rs 276 crore; working revenues stay flat


MUMBAI: Indian leisure main Zee Leisure Enterprises (ZEE) has posted a revenue after tax (PAT) of Rs 275.8 crore for the ultimate quarter of the monetary 12 months ended March 31, 2021, in comparison with a internet lack of Rs 766.7 crore within the corresponding quarter of the earlier fiscal.

Beating market estimates, ZEE has clocked EBITDA, or working revenue, of Rs 540.8 crore, as in opposition to an working lack of Rs 283.9 crore in Q4FY20. EBITDA margin stood at 27.5%.

The corporate’s working revenues for the quarter remained flat at Rs 1,965.8 crore, in contrast with Rs 1,951.1 crore within the year-ago interval.

ZEE managed to publish a 8.9% YOY progress in home promoting revenues to Rs 1,123 crore (from Rs 1,038.9 crore), pushed by the continued restoration in macro promoting atmosphere, whereas subscription revenues additionally grew at 5.6% to Rs 803.4 crore throughout the quarter (from Rs 741.4 crore), largely pushed by ZEE5 subscriptions.

Income from different gross sales and companies, together with theatrical enterprise decreased to Rs 39.5 crore (from Rs 170.8 crore) attributable to continued influence of pandemic on theatrical revenues and reclassification of music income to subscription.

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ZEE additionally decreased whole expenditure by 36.2% to Rs 1,425 crore, in comparison with Rs 2,234.9 crore within the 12 months in the past interval. Excluding the one-time stock write-off of Rs 259.8 crore in Q4FY20, programming value was down 19.2%.

ZEE’s video streaming platform, ZEE5 posted an working lack of Rs 162.5 crore within the quarter on income of Rs 107.5 crore.

The corporate had 72.6 million international month-to-month energetic customers and 6.1 million each day energetic customers in March, 2021. The common watch time on the app was 156 minutes per viewers monthly within the quarter.

For the total fiscal, ZEE’s PAT grew 51.9% to Rs 800.1 crore, from Rs 526.5 crore within the earlier fiscal, whereas EBITDA grew 9.5% to Rs 1,790.1 crore.

Complete working income for the 12 months was down 4.9% year-on-year at Rs 7,729.9 crore.

ZEE’s shares closed at Rs 191.60 apiece on Thursday on BSE, down 0.55% from its earlier shut.


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