Zee's advertising revenue reaches to Rs 669cr in JFM'15

Zee Entertainment Enterprises Limited (ZEE) (BSE: 505537, NSE: ZEEL.EQ) today reported its fourth quarter fiscal 2015 consolidated revenue of Rs 13,470 million. The consolidated operating profit (EBITDA) for the quarter stood at Rs 2,707 million. PAT for the quarter was Rs 2,319 million. The EBITDA margin for the quarter stood at 20.1% and the PAT margin was 17.2%. For the full year FY15 consolidated revenue stood at Rs 48,837 million. The consolidated operating profit (EBITDA) for the year stood at Rs 12,537 million. PAT for the fiscal was Rs 9,755 million. The EBITDA margin stood at 25.7% and the PAT margin was 20.0%.

The Board of Directors in its meeting held today, has taken on record the unaudited consolidated financial results of ZEE and its subsidiaries for the quarter ended March 31, 2015.
Subhash Chandra, Chairman, ZEE, stated, “With a stable government at the center the Indian economy has shown some signs for optimism and is expected to see a positive growth trajectory. New initiatives like the “Make in India” campaign and other reform measures have boosted confidence among investors in the successful and sustainable growth of the economy. Introduction of GST in the coming future should be a positive for the media sector. With the aforementioned developments in the economic environment we hope that the Media industry will see improvement in the revenues.”
Commenting on the results of the Company, Chandra added, “Our performance in this quarter is reflective of the investments we are making to further enhance of market position. We continue to pursue opportunities in existing and new markets that will yield long term Earnings Release for the Quarter Ended Mar 31, 2015 growth. Since, financially we are in a sound position, we are confident that we will benefit from exploring such growth opportunities in the coming year.”

Punit Goenka, Managing Director & Chief Executive Officer, ZEE, commented, “This quarter, our performance has been satisfactory. As expected, advertising spends increased during the quarter backed by consistent performance of our channels. We also witnessed a sustainable growth in our subscription revenues in this period and with the implementation of digitization in Phase III and IV we expect to see our subscription revenues grow further in the future.”

Commenting on the recently launched Hindi GEC channel “&tv”, Goenka said, “&tv saw the best ever launch of a Hindi GEC channel. Following its successful launch the channel has continued to deliver and entertain audiences. We aim to better this performance in the future with new and innovative programming. We have also taken the channel to select international territories as well.”
Goenka further added, “This quarter we also launched two international channels, Zee World, our first dubbed and subtitled English GEC offering in the international market, in South Africa and Zee Hiburan, a localized GEC with content dubbed or subtitled in Bahasa in Indonesia.”

Speaking about the outlook of the business, Goenka continued, “In a constantly evolving media and entertainment space, we have always remained true to our values and vision in bringing excellent quality entertainment to our viewers. We believe that change is the only constant and strive to explore innovative and path breaking avenues to entertain our audiences in the domestic and international space.”

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