Zeel reports higher op revenue, PAT for Q2 2020

Ad and subscription revenues grew 1.2% and 19% respectively

BENGALURU: The Subhash Chandra-led Zee Entertainment Enterprises Ltd (Zeel) reported 7.6 percent and 7.4 percent y-o-y growth in total and operating revenues for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter Q2 2019. Profit after tax grew 6.7 percent y-o-y, while Total comprehensive income (TCI) declined 9.5 percent y-o-y. Operating profit (EBITDA) grew 2.5 percent y-o-y in Q2 2020 as compared to Q2 2019.

Zeel reported total revenues of Rs 2,190.13 crore and Rs 2,034.79 crore for Q2 2020 and Q1 2019 respectively. Operating revenue for the period under review was Rs 2,122.01 crore and Rs 1,975.86 crore respectively. PAT for Q2 2020 was Rs 412.09 crore, while it was Rs 386.10 crore for the corresponding year ago quarter. TCI for Q1 2020 and Q1 2019 were Rs 471.77 crore and 521.43 crore respectively. Simple operating EBITDA for the quarter under review was Rs 692.93 crore (32.65 percent margin) and for Q2 2019 it was 675.72 crore (34.20 percent margin of operating revenue.

Growth in revenue in Q2 2020 was driven by 1.2 percent and 19 percent y-o-y growths in advertisement and subscription revenue respectively. Zeel reported ad revenue of Rs 1,224.66 crore in Q2 2020 and Rs 1,210.60 crore in Q1 2019. The company reported subscription revenue of Rs 723.50 crore in Q2 2020 and Rs 608.16 crore in Q1 2019.

Zeel managing director and CEO Punit Goenka said through an earnings release: “I am pleased with the performance we have exhibited during the quarter. Our entertainment portfolio continues to grow from strength to strength across all formats and maintained its leading position. Our television network has emerged stronger post the implementation of tariff order on the back of a strong customer connect and brand pull of its channels. ZEE5 continued to gain traction across audience segments and markets, driven by its compelling content library and expanding of partnerships across the digital eco-system. This strong operating performance allowed us to deliver industry leading growth in both advertising and subscription despite the tough macro-economic environment. Domestic subscription growth of 27 percent has reaffirmed the value proposition our television network has built over the years. The impact of tariff order has now largely settled down and has brought increased transparency along with improved monetisation. Our domestic advertising revenue growth, though significantly lower than historical trend, is higher than the industry growth. We have witnessed an improvement in ad spends through the quarter and we believe that the onset of festive season along with measures taken by the government will help revive the consumption growth."

Let us look at the other numbers reported by Zeel

Total Expenditure for Q2 2020 grew 9.2 percent y-o-y to Rs 1,514.13 crore from Rs 1,386.45 crore in Q2 2019. Operating costs in Q2 2020 grew 23.4 percent y-o-y to Rs 896.25 crore from Rs 726.34 crore. Other expenses during the quarter under review declined 18.6 percent y-o-y to Rs 195.31 crore from Rs 240.03 crore. Employee benefits expense in Q2 2020 grew 25.8 percent y-o-y to Rs  212.26 crore from Rs 168.72 crore. Ad and publicity expensed in Q2 2020 declined 24.1 percent y-o-y to Rs 125.26 crore from Rs 165.05 crore finance costs in Q2 2020 more than tripled (3.3 times) y-o-y in Q2 2020 to Rs 17.97 crore from Rs 5.45 crore.

Latest Reads
Get ready to witness the mind-blowing journey of the goliyon se tez shooter dadis in the &pictures premiere of Saand Ki Aankh

‘Shooter daadiya ka andaaz bohot hain tez, jeet na paata koi, jab hove hai goliyon ki race’.  All set to hit the bullseye this Saturday is director Tushar Hiranandani’s perfect entertainer ‘Saand Ki Aankh’ that narrates that true-life story of India’s oldest sharpshooters, Prakashi and Chandro...

Television TV Channels Movie Channels
Discovery premieres Wild Karnataka, brings stars to celebrate wildlife

MUMBAI: Discovery in a unique initiative aimed at raising awareness about the rich biodiversity of India and the need for wild-life conservation has pulled in celebrated actors to provide voice-overs for the premiere of documentary ‘Wild Karnataka’ on June 05, the World Environment Day.  Produced...

Television TV Channels English Entertainment
COLORS Tamil launches new series Mangalya Dosham

MUMBAI: Viacom18’s 24-hour Tamil general entertainment channel COLORS Tamil is launching a new daily series Mangalya Dosham, starting Thursday, 28 May 2020. This exciting original content makes it the first Tamil general entertainment channel to introduce a fresh line-up during the lockdown. The...

Television TV Channels Regional
Top 12 news anchors who stood out during Covid2019

MUMBAI: Indian news channels’Covid2019 and lockdown coverage has been panned by the naysayers. Some have painted it as falling short of being objective, others have labeled it as disastrous. Some have lauded the day-in-day-out incessant reportage as journos have gone from street to street, with...

Television TV Channels News Broadcasting
Remote production and live sports

As sporting events came to a standstill due to Covid2019, technology came to the rescue for broadcasters. Ensuring social distancing, channels have adapted to remote production swiftly. Though it's not a new trend, the pandemic has given it a boost.

Television TV Channels Sports
TV producers haunted by rental costs

The pandemic may have halted production activities, but the costs are mounting, especially the rent, according to ANM Global managing partner Nidhish Mehrotra.

Television TV Channels Viewership
Dangal continues on top across genres as TV consumption drops

Television consumption continued to drop in week 19 of 2020 (Saturday, 9 May 2020 to Friday, 15 May 2020, week or period under review), according to Broadcast Audience Research Council of India (BARC) data for Top 10 channels on all platforms across genres.

Television TV Channels Viewership
Help each other to bring the industry back on its feet: TV producers

The television producers believe that helping each other to revive the business, as and when the state government allows production to resume, will help the industry get back on its feet. This was the unanimous view of a virtual round table conference organised by to discuss...

Television Production House Fiction
Times Network announces 'India For Bengal'

Times Network has launched ‘India For Bengal’, a special initiative to create awareness and raise funds for the relief efforts for the state ravaged by the catastrophic Cyclone Amphan.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required