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=C3ZhAz88

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/2020/06/02/asianet.jpg?itok=ednuCJtZ
Asianet starts airing popular serials

Prominent GEC in Kerala Asianet is back with some exciting entertainment for the audience. TV shoots which were stalled due to the Covid2019 outbreak have resumed following the guidelines issued by the government.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/studio.jpg?itok=PaZu6owM
Distressed studios ready to give concessions to producers

Huge financial losses, unbearable maintenance costs, the fear of impending rain ruining the sets... Studio owners in the country have been living with all these woes and challenges ever since the lockdown was imposed to curb the spread of Covid2019.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/jd.jpg?itok=YudohhRA
Producers in Maharashtra gearing up to resume shooting

MUMBAI: Producers are gearing up to resume production after Maharashtra government on Sunday gave the official sanction in this regard. The government gave green signal for the resumption of film and television shootings in non-containment zones.

Television Production House Film Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/b4u_0.jpg?itok=R-1N_5yh
B4U Kadak celebrates a year full of Entertainment, Entertainment, Entertainment!

Hindi Movie Genre in the Television Space has seen an influx of South Indian movies dubbed in Hindi. With larger-than-life stories the south Indian industry has spurted to a new high in the past few years and played a major role in the content mix of all the top movie channels of the country as...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/zee_0.jpg?itok=LUi3GsKz
Bengal’s Road to Recovery with Notun Disha, a ZEE 24 Ghanta E-Conclave

Zee Media Corporation Ltd.’s regional channel ZEE 24 Ghanta conducted an E Conclave with 7 Ministers on 30 May 2020. Notun Disha, ZEE 24 Ghanta E-Conclave was a continuous 3-and-a-half-hour session with ministers participating from various departments of the West Bengal Government.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/zee.jpg?itok=FCGx33-S
ZEE Keralam resumes serial line-up with fresh content

MUMBAI: After a two-month break, the serials of ZEE Keralam are starting afresh with new content. The seven serials that were already running successfully in the channel will start its telecast from 1 June onwards. Adding to their list of entertaining programmes, ZEE Keralam is also bringing a new...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/zoon.jpg?itok=gt56ZJDC
Zoom TV along with Oaksmith Gold Glasses brings virtual live music concert

MUMBAI: At a time when music enthusiasts are craving live concerts, Zoom TV and Oaksmith Gold Glasses introduced #WeekendLive, one of India’s leading #StayHome concerts that bring renowned music artists to the safety of the viewer’s home. So far, nine #WeekendLive concerts have garnered a...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/Amit_Tripathi-Vikram_K.jpg?itok=gAkFV6_w
Buoyed by Bharatvarsh's stupendous success, TV9 strengthens management team

MUMBAI: Riding on the back of the stupendous success of its national Hindi news channel, TV9 Bharatvarsh, whose viewership share has grown by more than 100 per cent to catapult it to the number five slot ahead of Zee News and News18 India, TV9 Network today announced that it is strengthening its...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/01/delhi.jpg?itok=B9cIO6yb
TV Today Network discontinues Delhi Aaj Tak

As the pandemic rages on, channels are struggling to survive. Amidst this, TV Today Network announced that the transmission of its Hindi news channel Delhi Aaj Tak will be discontinued from the midnight of 30 June 2020.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required