ZMCL reports growth in ad, subscription revenue by 9, 18 per cent in FY-2014

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By Tarachand Wanvari Posted on : 21 May 2014 11:09 pm

BENGALURU: Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited, reported advertising (ad) revenue of Rs 220.51 crore in FY-2014, 9.2 per cent more than FY-2013. The company also reported an 18.5 per cent growth in subscription revenue to Rs 99.9 crore in FY-2014.
 
ZMCL total income from operations in FY-2014 at Rs 335.16 crore was 10.32 per cent more than the Rs 303.82 crore in FY-2013. The company’s total income from operations in Q4-2014 at Rs 82.78 crore was (-9.72) per cent lower than the Rs 91.69 crore in Q3-2014 and 4.69 per cent more than the Rs 79.07 crore in Q4-2013.
 
Let us look at the other numbers reported by ZMCL for FY-2014 and Q4-2014
 
 
ZMCL PAT for FY-2014 at Rs 18.93 crore (5.65 per cent of income from operations) was (-21.67) per cent lower than the Rs 24.17 crore (7.95 per cent of income from operations) in the previous fiscal.  The company reported PAT of Rs 4.11 crore (4.97 per cent of income from operations) in Q4-2014, which was (-30.52) per cent lower than the Rs 5.92 crore (6.45 per cent of income from operations) in the immediate trailing quarter and (-40.16) per cent lower than the Rs 6.87 crore (8.69 per cent of income from operations) during the year ago quarter Q4-2013.
 
Other income during FY-2014 at Rs 20.81 crore was (-11.7) per cent lower than the Rs 23.58 crore in FY-2013.
 
The company has suffered operational loss in Q4-2014. Other income of Rs 9.70 crore which includes dividends of Rs 3.60 crore and Rs 4.80 crore from ZMCL’s subsidiary companies as well as exceptional item of Rs 5.98 crore and a negative tax expense of Rs 2.01 crore has resulted in a PAT of Rs 4.11 crore mentioned above in Q4-2014.
 
The company’s total expense for FY-2014 at Rs 325.76 crore (97.19 per cent of income from operations) was 17.08 per cent more than the Rs 278.23 crore (91.58 per cent of income from operations) in FY-2013. In Q4-2014, total expense at Rs 93.09 crore (112.47 per cent of income from operations) was 12.67 per cent more than the Rs 81.30 crore (88.67 per cent of income from operations) in the immediate trailing quarter and 19.28 per cent more than the Rs78.05 crore in Q4-2013.
 
ZMCL’s operational cost at Rs 66.13 crore (19.73 per cent of income from operations) in FY-2014 was 24.86 per cent more than the Rs 52.96 crore (17.43 per cent of income from operations) in FY-2013. The company’s operational costs in Q4-2014 at Rs 20.28 crore (24.5 per cent of income from operations) in Q4-2014 was 23.8 per cent more than the Rs16.38 crore (17.86 per cent of income from operations) in Q3-2014 and 43.34 per cent more than the Rs14.15 crore (17.89 per cent of Income from Operations) in Q4-2013.
 
ZMCL reported a 11.49 per cent increase in Employee Benefit Expense (EBE) in FY-2014 at Rs 99.1 crore (29.57 per cent of Income from Operations) as compared to the Rs 87.71 crore (28.87 per cent of Income from Operations) in FY-2013. The company’s EBE dropped (-3.56) per cent in Q4-2014 to Rs 25.13 crore (30.36 per cent of Income from Operations) from Rs 26.06 crore (28.42 per cent of Income from Operations) in Q3-2014 and was 8.31 per cent more than the Rs 23.2 crore (29.35 per cent of Income from Operations) in Q4-2013.
 
Other expense in FY-2014 at Rs82.82 crore (24.71 per cent of Income from Operations) was 38.17 per cent more than the Rs 59.94 crore (19.73 per cent of Income from Operations) in FY-2013. The company’s Q4-2014 other expense at Rs27.83 crore (33.62 per cent of Income from Operations) was 44.97 per cent higher than the Rs19.2 crore (20.94 per cent of Income from Operations) in Q3-2014 and 30.64 per cent more than the Rs 21.31 crore (26.95 per cent of Income from Operations) in Q4-2013.

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