Television

Zee Group net profit at Rs 709m, up 36 per cent

MUMBAI: Zee Telefilms reported third quarter consolidated revenues of Rs 3,075 million (up 10.2 per cent) and the consolidated operating profit has grown 13.7 per cent to Rs 1,077 million. The board of directors declared the unaudited consolidated financial results of Zee Telefilms and its subsidiaries at a meeting held today.

Zee group has posted a net profit of Rs 708.8 million (consolidated) for the quarter ended 31 December 2002, (up 36 per cent) compared to a net profit of Rs 521.1million in the quarter ended 31 December 2001. Total income of the group has also increased from Rs 2,957.6 million in the December quarter of 2001 to Rs 3,250.2 million in the quarter ended 31 December 2002.

However, Zee Telefilms has posted a net profit of Rs 221.90 million for Q3, (down seven per cent) compared to a net profit of Rs 239.10 million in the previous corresponding quarter, the Bombay Stock Exchange (BSE) website.

Total income of the media major has, however, increased from Rs 1,018.3 million in the December quarter of 2001 to Rs 1,411.3 million in the quarter ended 31 December 2002.

Zee's CMD Subhash Chandra was quoted as saying in an official release: "At the end of September, we announced that our priority objective was to streamline the organisational resources and to improve the programming content across businesses I am happy to state that we have a very focused team in place and our new programming initiatives have been well received across the businesses, whether it was Zee TV, Zee News, Zee Cinema or the Alphas."

"Clearly, the strength of our assets combined with the talent and commitment of our team has resulted in good performance. Despite a very tough advertising market due to the continued slowness of the consumer economy, we have been able to broadly maintain advertising revenues. Zee's subscription has made significant strides, as affirmed by us in the past also, both from the domestic and international markets, with a strong increase of 43.2 per cent over the corresponding period last year," Chandra says.

"At Zee, we remain positive of our ability to convert the emerging opportunities into operating profits, especially with conditional access system (CAS) now becoming a reality. This is poised to power subscription revenues, till now suffering from channel infirmities. The company is pursuing with determination its target of creating value for all its shareholders," Chandra adds.

On the BSE, the Zee Telefilms scrip opened at Rs 82.90 and closed the day at Rs 86.85 (up 4.76 per cent). The trading witnessed a volume of 2,223,366 shares. On the National Stock Exchange (NSE), the scrip opened at Rs 82.80 and closed the day at Rs 87 (up 5.07 per cent). The total volumes traded were in excess of 8,699,439. Market sources add that a single bulk deal of 5 million shares. The EPS (earning per share) was placed at Rs 0.54 which gives a PE ratio of 160.83. 

Highlights of the results:

* Advertising revenue was Rs 1,710 million for the third quarter, a marginal decline of 2.4 per cent as compared to the corresponding period last fiscal.

* Subscription revenue was Rs 1,242 million, an increase of 42.7 per cent as compared to the corresponding period last fiscal.

* Domestic subscription revenue was Rs 378 million, an increase of 43.2 per cent as compared to the corresponding period last fiscal and 2.5 per cent as compared to the 2nd quarter ended 30 September 2002.

* Internal subscription revenue has grown by 34.7 per cent over the corresponding period 

* Operating profits increased by 13.7 per cent in the third quarter

Rs million

Third quarter

Third quarter

Per cent of total revenues

Per cent of total revenues

FY2003

FY2002

FY 2003

FY2002

Ad revenues

1,710

1,753

55.6

62.8

Subs revenues

1,242

870

40.4

31.2

Other sales and services

123

167

4

6

Total revenues

3,075

2,791

100

100

Zee's advertising revenues (excluding ETC) have declined by 8.9 per cent as compared to the corresponding quarter last fiscal. The paid connectivity of Zee bouquet is 4.5 million homes. Zee Turner increased the price of the pay bouquet to Rs 50 wef January 2003 and the impact will result in a stronger growth in domestic pay-revenues during the fourth quarter. Zee is slated to have a tough Q4 due to the World Cup cricket 2003.

Zee's main expenses include transmission and programming costs, employee costs and administrative costs. The programming cost went up by 18 per cent due to higher pay channel costs at Siticable. However, programming cost in the content and broadcasting segment declined during the third quarter. The other costs have grown by a marginal 0.7 per cent.

Segment performance highlights:

* Thursday Premiere was a successful initiative

* The two new launches Astitva and Piya ka Ghar have been well received

* Zee Cinema continuous to maintain leadership in the movie segment. Ek ka teen Premiere promotion was successful

* Zee News surged strongly and regained market share in several geographic locations. It consistently managed to break leading stories with its Sabse Pehle initiative.

* Alpha channels continued to penetrate deeper into local viewership with an increased focus on local news coverage and customised programming.

* Zee continued to add to its subscriber base in its international operations. New subscribers were added in the US, Europe, Middle East and other parts of South east Asia.

Access highlights:

* Siticable serves 38 cities through 68 headends

* It is in the process of implementing HITS (headend in the sky) technology for distributing TV broadcast signals in the CAS regime.

* Zee estimates that broadcasters will be able to capture 50-55 per cent of the total consumer spend on TV (Rs 60 billion currently). MSOs (multi-service operators) would get a commission from broadcasters ranging between 15-20 per cent while cable operators would get a FTA fees and delivery margins from pay channels ranging between 20-25 per cent.

* HBO moved out of the distribution platform effective 1 January 2003 and CNBC joined the platform. Realty TV is likely to join the platform effective February 2003.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/nba.jpg?itok=nBXV1nWR
NBA, Times Studio partner to promote basketball

Times Studio, a digital video content company of Times Group and The National Basketball Association (NBA) today announced a partnership to deliver game highlights and produce original programming for fans in India through Times Internet Limited (TIL) platforms that reach more than 45 million...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/zee.jpg?itok=7yS4jsn5
Zee Entertainment Honoured with 16 Awards at PromaxBDA India

Zee Entertainment Enterprises Ltd. (ZEEL), a worldwide media brand made a clean sweep of 16 prestigious awards for excellent work in the media marketing arena at the PromaxBDA Awards announced yesterday.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/bhatt.jpg?itok=QsExMcky
Star Plus unveils new look, Alia Bhatt as brand campaign face

Star India is continuing to glitter, what with a successful IPL season just concluding. And just as the IPL finale was underway, it unveiled a new look for its lead general entertainment channel Star Plus.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/Raj-TV.jpg?itok=Pq9WPU2i
Raj TV aims to climb ratings chart with 5 new primetime shows

MUMBAI: Tamil general entertainment channel (GEC) Raj TV has given the channel a makeover by introducing five new shows in its primetime starting today, 28 May. The five new fiction shows will air between 7 pm to 9.30 pm starting with Kadal Kadanthu Udhyogam followed by Gangadharanai Kanoam at 7....

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/26/ipl.jpg?itok=Kx126Oo_
Arnab Goswami to lead IPL finale debate on Star Sports

MUMBAI: Prior to the IPL finale, viewers will witness an interesting debate led by Republic World co-founder, MD and editor-in-chief and TV most prolific face Arnab Goswami. The theme of the debate is who will win the world’s toughest finals? The show will see cricket experts led by team Dean...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/mnx.jpg?itok=b--2gVnf
MNX launches Super League chatbot

No one can ignore India’s crazy love for cricket, including English movie channels. MNX, the new age Hollywood channel for young India launched the very innovative MNX Super League chatbot, an interactive avatar of its TV show ‘MNX Super League’ on Facebook.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/porus.jpg?itok=cz1OH3uq
Porus reaches 10 Asian countries

MUMBAI: Porus is travelling internationally. The mythological show being aired on Sony Entertainment Television has made its entry in Malaysia, Vietnam, Cambodia, Brunei, Laos and Myanmar through JKN Global Media and in Indonesia with Soraya Intercine Films. Porus is now being watched in 10 Asian...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/MUNCH.jpg?itok=Q0kBzHw6
India News Manch - Modi Sarkar Kitni Asardaar? India News Conclave to Analyze Modi Government’s Four Years in Power

India News, known for its direct and unbiased brand of journalism, is all set to host a special conclave Manch – Modi Sarkar, Kitni Asardaar? (How Effective Has the Modi Government Been?) in New Delhi on Friday, May 25, 2018. The day-long event will present a comprehensive overview of the BJP...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/25/rekha.jpg?itok=ExfdDvbS
How relevant is the age old Lakshman Rekha in today’s times; questions &TV with Mitegi Lakshman Rekha!

Ravan’s abduction of Sita highlighted the consequences of crossing the ‘Lakshman Rekha’ for generations. However, with the talks of gender equality, women’s liberation and financial independence, amongst others, being the topic of global discussion, how relevant is this ‘Lakshman Rekha’ in today’s...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories