Zee Media Q1 FY2020 ad revenues grow 35.7% to Rs 1,859 mn

Zee Media Corporation Limited (ZMCL) has reported consolidated revenues of Rs 2,006.6 million for first quarter of fiscal 2020, a growth of 29.7 per cent over Rs 1,546.9 million in Q1 FY2019. Advertising revenue for Q1 FY2020 grew by 35.7 per cent to Rs 1,859 million. 

Operating profit for Q1 FY2020 grew by 83.6 per cent over Q1 FY2019 to Rs 658.8 million. EBITDA for Q1 FY2020 grew by 83.6 per cent to Rs 658.8 million from Rs 358.8 million for the corresponding period last financial year. EBITDA margin grew from 23.2 per cent in Q1 FY2019 to 32.8 per cent in Q1 FY2020. 

The Network incurred expenditure of Rs 1,347.8 million in the quarter. 

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 308 million viewers. (Source: BARC, NCCS 2+, All India, ZMCL Channels, 24hrs, 1st Apr - 30th Jun 2019 Coverage). 

Zee News, the network’s flagship news channel, continued to focus on news that touches the pulse of the nation and reached more than 175.4 million viewers. (Source: BARC, NCCS 2+, All India, 24hrs, 1't Apr - 30th Jun 2019 Coverage). 

Zee Business reached 13.6 million viewers. (Source: BARC, NCCS 2+, All India, 24hrs, 1st Apr - 30th Jun 2019 Coverage). 

WION, India’s first global news channel, continues to carve out a niche for itself and reached over 5.2 million viewers across India. (Source: BARC, NCCS 2+, All India, 24hrs, 1't Apr - 30th Jun 2019 Coverage).