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=2ocU4Otg

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/2021/01/20/ashok-namboodiri.jpg?itok=Y83MaNTi
ZeeL names Ashok Namboodiri chief business officer for international business

Zee Entertainment Enterprises Ltd (ZeeL) has onboarded Ashok Namboodiri as the chief business officer for its international business.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/20/sunil.jpg?itok=NEmAZCdm
Sunil Doshi & Rainshine Entertainment partner to launch Manzar Studios

MUMBAI: Media veteran and creative entrepreneur Sunil Doshi has joined forces with Rainshine Entertainment to create Manzar Studios, which aims to bring global stories to Indian audiences along with creating content locally. The Indian content ecosystem is going through rapid changes - be it...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/20/starsports.jpg?itok=KcN2N_nV
#IndiaTaiyarHai to welcome England cricket team, says Star Sports

NEW DELHI: After almost a year, cricket finally returns to Indian soil as Team India faces world champions England in a two-month adventure that gets underway from 5 February 2021. As India opens its doors to sporting events, Star Sports has launched the campaign #IndiaTaiyarHai to the excitement...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/20/nsy4_0.jpg?itok=Umq1yaq3
National Geographic India ropes in LIC, Accenture & KTM Husqvarna Dominar as Spotlight sponsors

MUMBAI: National Geographic India has signed three sponsors for its brand new offering – Spotlight which starts on 23 January 2021. The brand will premiere best in class, much acclaimed films every Saturday. LIC, Accenture and KTM Husqvarna Dominar have come on board as powered by sponsors. 

Television TV Channels Factual
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zere.jpg?itok=jrH-0T3l
Zee Tamil all set for Mahasangamam festival till March 2021

MUMBAI: Zee Tamil is starting off the new year with fresh and innovative content strategies across all its segments, with a number of surprises up its sleeve. The channel has planned Mahasangamam episodes across various shows, which has gained a lot of popularity and traction among audiences.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/jumnzi.jpg?itok=OlChh32o
Ticket To Hollywood brings ‘Jumanji: The Next Level’ in the language of your choice

MUMBAI: In one of the biggest festive offerings on television for 2020, Zee’s newest pan-network property, ‘Ticket To Hollywood’ enthralled a whopping 29 million viewers with  the premiere of Vin Diesel’s Bloodshot across 12 channels and in ten languages. This 2021, Zee truly takes the Hollywood...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/jy.jpg?itok=wMcy2zBD
Warner Music signs distribution deal with Sky Digital India

MUMBAI: Warner Music India has struck an exclusive distribution agreement with Punjabi music content consortium and aggregator Sky Digital India.  Distribution of Sky Digital’s repertoire outside India will be handled by ADA, Warner’s independent artist and label services division, while Warner...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zee_0.jpg?itok=LBQ7PKkr
Zee TV introduces new show Teri Meri Ikk Jindri

MUMBAI: Zee TV’s newest primetime show is a love story based in Amritsar - Teri Meri Ikk Jindri. It follows the lives of Mahi and Jogi, two seemingly opposite personalities whose different outlooks towards life and happiness do not come in the way of their love. Set to premiere on 27 January 2021,...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/19/zee.jpg?itok=YL6eofNE
Zee 24 Ghanta gears up for West Bengal polls coverage

NEW DELHI: Zee 24 Ghanta has announced a comprehensive programming line-up to bring “encyclopaedic coverage” of the West Bengal Assembly elections to its viewers. The robust program schedule comprises of 13 new shows spanning over 2,700 hours.  Indian Institute of Hotel Management, Macho, Asian...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required