Ebitda margin was at 24.6 per cent, compared to 18.1 per cent in
the corresponding quarter of the previous fiscal. This includes
the losses from the new business. The margins stand at 33.3 per
cent for the existing businesses.
had posted a net profit of 618.4 million for the third-quarter of
FY'11 on a revenue of Rs 744.44 million.
company, which operates the news channels of the Zee brand, said
that the corresponding quarter financials are not comparable as
it discontinued the Tamil channel Zee Tamil on 31 March last year.
chairman Subhash Chandra said, The Indian economy has been
facing headwinds of increased inflation, interest rate hikes and
bearish markets forcing the GDP growth forecast to pare down to
7 per cent or so. My faith in the Indian economy for the long term
remains intact. While there are as many views of impending slowdown
in the economy as there are of bounce back, I remain cautiously
optimistic in the short run that the situation is likely to improve
in the next few quarters. The Company continues with its focus on
innovative growth and I have full confidence that we will be able
to come out stronger than most in the current year, in line with
the trend of our past performances.
added, As has been pending for a few years, the media industry
has begun to consolidate. This is obvious from the various deals
being announced over the past few months. We see this consolidation
as a confident step forward towards making this industry more profitable.
MD Punit Goenka added, While the investment related policy
decisions have been under pressure due to current political environment,
Parliaments clearing of cable digitisation signals the establishments
commitment to make the media industry more efficient. The ad industry,
meanwhile, has been hit as the advertisers have increasingly become
choosy about their spends. The euphoria of a sustained industry
growth which was prevalent at the beginning of the year has been
dampened considerably. However, ZNL has shown exceptional operational
efficiencies and posted strong financial results for the quarter.
Going forward, we hope to maintain the edge in our performance.
for the quarter under review stood at Rs 192.7 million and profit
before tax at Rs 162.4 million. In the previous year quarter, Ebitda
was Rs 134.5 million and PBT Rs 103.6 million.
advertising revenue stood at Rs 518.8 mn for the quarter ended 31
December, as compared to Rs 541.7 million in the year ago period.
Subscription revenue for the quarter was at Rs 192.7 million, which
constituted 24.6 per cent of the total revenue.
expenses of the company stood at Rs 590 million, slightly lower
as compared to the year-ago period when the expenses were Rs 609.9
posted Ebitda profit of Rs 249.8 million (225.2 million in the year
ago period) from its existing business (Zee News, Zee Business,
Zee 24 Taas, Zee Punjabi and 24 Ghanta). The companys Ebitda
loss from new business has come down to Rs 57.1 million (from a
loss of Rs 90.7 million in the year ago period) from its new business
(Zee 24 Gantalu and Zee News UP).
CEO Barun Das said, We had sensed the slowdown in the industry
by the beginning of the last quarter and made adjustments in our
operations accordingly. Our top lines and strict vigil on our costs
has resulted in our margins being strong at 24.6% despite slowdown,
which is likely to be an exception. With the Media Pro initiative
settling down, our subscription revenue has shown growth towards
the end of the quarter and it is a trend that is likely to continue.
We remain confident regarding our ability to grow in the current