Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

BENGALURU: The Essel Group’s education company Zee Learn Limited (Zee Learn) reported 34.9 per cent higher Total Income from Operations (TIO, revenue) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 30.70 crore as compared to the Rs 22.76 crore in Q2-2015. Q2-2016 TIO was however 14.2 per cent lower than the Rs 35.79 crore in Q1-2016.

Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

The company’s marketing, advertisement and publicity expense (marketing expense) for Q2-2016 at Rs 1.78 crore (5.8 per cent of TIO) was 13.2 per cent more than the Rs 1.58 crore (6.9 per cent of TIO) in Q2-2016. Marketing expense in the current quarter was 61.9 per cent lower than the Rs 4.68 crore (13.1 per cent of TIO) in the immediate trailing quarter.

Let’s look at the other numbers reported by Zee Learn:

The company’s Profit After Tax (PAT) declined 5.6 per cent to Rs 1.08 crore (3.5 per cent margin) from Rs 1.14 crore (five per cent margin) and declined by 72.8 per cent from Rs 3.96 crore (11.1 per cent margin) in Q1-2016.

Zee Learn’s Total expenditure (TE) in Q2-2016 at Rs 25.43 crore (86.1 per cent of TIO) was 37.8 per cent more than the Rs 19.18 crore (84.3 per cent of TIO) in Q2-2015 but was 9.3 per cent lower than the Rs Rs 29.14 crore (81.4 per cent of TIO) in Q1-2016.

Employee Benefit Expense (EBE) in Q2-2016 at Rs 7.25 crore (23.6 per cent of TIO) was 24.2 per cent higher than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 17.5 per cent more than the Rs 6.17 crore (17.2 per cent of TIO) in Q1-2016.

In Q2-2016, Zee Learn’s operating cost at Rs 0.85 crore (2.8 per cent of TIO) was 65.8 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in the corresponding year ago quarter and was 52.7 per cent more than the Rs 0.56 crore (1.6 per cent of TIO) in Q1-2016.

Other expense in Q2-2016 at Rs 7.46 crore (24.3 per cent of TIO) was 36 per cent more than the Rs 5.49 crore (24.1 per cent of TIO) but was three per cent lower than the Rs 7.69 crore (21.5 per cent of TIO) in Q1-2016.

Zee Learn says that on 28 June, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the insurance company, the difference in loss claim and actual claim received, if any, will be charged to the Statement of Profit and Loss Account.

Latest Reads
Disney expected to announce 21 CF buyout tomorrow: media reports

The Mouse House is closing in on the Fox. Media reports have emerged that Disney’s bid to acquire the Murdoch-owned 21st Century Fox (21 CF Fox) group’s entertainment assets is near closure. The price being talked about is anywhere between $60 billion and $68 billion and an announcement is...

Television TV Channels News Broadcasting
World television premiere of Maragadha Naanayam on Zee Tamil

Zee Tamil announced the world television premiere of critically acclaimed Maragadha Naanayam – the fantasy-comedy-thriller film that features Aadhi Pinisetty and Nikki Galrani on Sunday, 17 December at 4:00 PM only on Zee Tamil. Written and directed by ARK Saravan, the movie is a perfect blend of...

Television TV Channels Regional
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories