Zee Media reports improved numbers for fiscal 2018

BENGALURU: The Essel group?s news arm, Zee Media Corporation Limited (ZMCL), reported higher revenue, and profit after tax for the year ended 31 March 2018 (FY 2018, year under review) as compared to the previous year FY 2017. ZMCL?s revenue from operations increased 25.9 percent in FY 2018 to Rs 587.40 crore from Rs 466.46 crore in FY 2017. ZMCL reported profit of Rs 27.84 crore in FY 2018 as compared to a loss of Rs 16.06 crore in FY 2017. ZMCL?s EBIDTA increased 14.2 percent to Rs 166.36 crore (28.8 percent margin on operating revenue) from Rs 145.71 crore (32.4 percent margin).

ZMCL?s advertising revenue for FY 2018 increased 29.2 percent to Rs 510.6 crore from Rs 395.25 crore in FY 2017. Subscription revenue reduced 0.9 percent in the year under review to Rs 47.49 crore from Rs 47.94 crore in the previous year. Other sales and services revenue more than tripled (grew 200.5 percent) in the year under review to Rs 19.92 crore from Rs 6.63 crore reported in FY 2017. It may be noted that revenue from ZMCL?s e-commerce business ( grew to Rs 4.53 crore in FY 2018.

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