Television

Zee Media numbers up on higher ad revenue for Q3 2019

PAT in Q3 2019 was Rs 27.20 crore as compared to Rs 12.19 crore in Q3 2018

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/01/25/zeemedia.jpg?itok=IXaVh0B3

BENGALURU: The Essel group’s television news broadcasting arm Zee Media Corporation Ltd (ZMCL) reported a 123.1 per cent growth (more than double) in consolidated profit after tax (PAT) for the period ended 31 December 2018 (Q3 2019, quarter or period under review) as compared (year-on-year comparison, y-o-y) to the corresponding year ago quarter (Q3 2018, year ago quarter). PAT in Q3 2019 was Rs 27.20 crore as compared to Rs 12.19 crore in Q3 2018. ZMCL consolidated simple operating EBITDA at Rs 57.99 crore in Q3 2019 was 26 per cent more than the Rs 46.03 crore in Q3 2018.

The company’s consolidated operating revenue increased 22.7 per cent y-o-y in Q3 2019 to Rs 194.22 crore from Rs 158.30 crore in the year ago quarter. Total income increased 23.2 per cent y-o-y in Q3 2019 to Rs 196.45 crore from Rs 159.49 crore in Q3 2018.

In its earnings release, ZMCL reported 21.9 per cent y-o-y growth in advertising revenue for Q3 2019 at Rs 175.51 crore from Rs 143.95 crore. Subscription revenue increased 10.8 per cent y-o-y to Rs 13.01 crore in Q3 2019 from Rs 11.74 crore. Other sales and services increased by 1.18 times in Q3 2019 to Rs 5.7 crore from Rs 2.61 crore in the corresponding year ago quarter.

Let us look at the other numbers reported by ZMCL

ZMCL’s total expenditure in Q3 2019 increased 21.7 per cent y-o-y to Rs 155.16 crore from Rs 127.52 crore. Employee benefits expense in the quarter under review increased 18.1 per cent y-o-y to Rs 38.87 crore from Rs 32.92 crore in Q3 2018. The company’s marketing promotion and distribution expenses in Q3 2019 increased 30.9 per cent y-o-y to Rs 22.01 crore from Rs 16.81 crore in the corresponding year ago quarter.

Operating costs in Q3 2019 increased 26.3 per cent y-o-y to Rs 29.50 crore from Rs 23.36 crore. Other expenses in Q3 2019 increased 17 per cent to Rs 45.85 crore from Rs 39.18 crore in Q3 2018.

It may be noted that ZMCL has sold its entire equity stake in Ez-Mall Online Ltd to a related party at an aggregate consideration of Rs. 8.60 crore. Accordingly, Ez-Mall Online Ltd ceased to be a subsidiary of ZMCL with effect from 30 June 2018 and gain on disposal of investments of approximately Rs 41.21 crore has been recognised during the previous quarter and shown as exceptional items. Also, during the previous quarter, ZMCL completed the acquisition of balance 40 per cent equity stake in its subsidiary Zee Akaash News Pvt Ltd (ZANPL). Accordingly, ZANPL became a wholly owned subsidiary of the company with effect from 1 June 2018 and figures for the current quarter are not comparable with previous periods presented in the consolidated financial results says the company.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/02/ndtv-taboola.jpg?itok=dSBKdvxd
NDTV Convergence signs 10-year, Rs 750-crore deal with Taboola

Mumbai: NDTV Convergence has signed an exclusive 10-year deal with Taboola, a global leader in powering recommendations for the open web, helping people discover content they may like. The decade-long deal is based on mutually-determined projections, including growth in traffic, and cumulatively...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/02/mo.jpg?itok=-WRuF4_J
ManoramaOnline unveils its Christmas 2021 campaign

Mumbai: Since 2018, Kerala has been violently tossed around by a spate of disasters, from cyclones and floods to the pandemic. But each time, Kerala has bounced back with renewed vigour. Festive seasons like Onam, Christmas, or Vishu have not been celebrated offline as they used to be, thanks to...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/deloitte-nbf.jpg?itok=Q4Q7KMUX
Deloitte India associates with News Broadcasters Federation

News Broadcasters Federation (NBF) has partnered with Deloitte India to launch an integrated performance and rewards forum for the news broadcasting industry. This is the first-ever such association in the media domain.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/news18.jpg?itok=zVPRkbVM
News18 Madhya Pradesh/Chhattisgarh launches 'Park Ki Peeda' campaign

Mumbai: Public parks are a key element in any urban landscape today and with changing lifestyles and increasing construction the importance of public parks has increased manifold. These are areas that create a sense of community besides being the green lungs for the local area. Given the...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/mas.jpg?itok=BFouPYOn
Mashal Sports announces schedule for PKL season eight

Mashal Sports has announced the schedule of the first half for Vivo Pro Kabaddi League season eight that will begin from 22 December at 7:30 p.m. The entire season will be conducted at the Sheraton Grand Bengaluru Whitefield Hotel and Convention Centre without spectators.

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/pb.jpg?itok=neorNBCM
Prasar Bharati developing next generation broadcast solution

Prasar Bharati has entered into an MoU with IIT Kanpur to develop next generation broadcast solution/roadmap for digital terrestrial broadcasting consistent with emerging standards such as 5G broadcast.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/mallika-petkar.jpg?itok=0tgIQaZo
Mallika Petkar joins Viacom18 as senior vice president - sports

Viacom18 has appointed Mallika Petkar as senior vice president – sports. Petkar was previously working with Disney+ Hotstar as head of SMB growth strategy and inside sales since March 2019.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/30/trai-logo.jpg?itok=PnO_QoX3
Supreme Court defers NTO 2.0 hearing to 15 February 2022

The Supreme Court bench of Justices UU Lalit, S Ravindra Bhat, and Bela Trivedi has deferred hearing in the New Tariff Order (NTO) 2.0 case to 15 February 2022. The matter pertains to a bunch of petitions filed by IBDF and certain broadcasters against the Bombay high court order on the...

Television TV Channels Terrestrial
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/30/punit_pandey.jpg?itok=_L4ZKNAE
9X Media CBO Punit Pandey takes additional charge of revenue

Mumbai: 9X Media’s chief business officer (CBO) Punit Pandey has taken additional charge of revenue for the network. Being part of 9X Media’s executive team, he will continue to work closely with the board of directors to drive the next phase of growth for the network. An industry veteran with over...

Television TV Channels People

Sign up for our Newsletter

subscribe for latest stories

* indicates required