Television

ZMCL reports more than quadruple profit for second quarter

ZMCL reports more than quadruple profit for second quarter

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/10/16/media_0.jpg?itok=-Mtu8Sjt

BENGALURU: The Essel group’s television news broadcasting arm Zee Media Corporation Ltd (ZMCL) reported a 355.1 per cent growth (more than four-fold) in consolidated profit after tax (PAT) for the period ended 30 September 2018 (Q2 2019, quarter or period under review) as compared (year-on-year comparison, y-o-y) to the corresponding year ago quarter (Q2 2018, year ago quarter). PAT in Q2 2019 was Rs 17.25 crore as compared to Rs 3.79 crore in Q2 2018. ZMCL reported operating EBITDA at Rs 40.5 crore in Q2 2019, which was 355.1 per cent more than the Rs 3.79 crore in Q2 2018.

The company’s consolidated operating revenue increased 35.5 per cent y-o-y in Q2 2019 at Rs 168.66 crore as compared to Rs 124.51 crore in the year ago quarter. Total income increased 34.7 per cent y-o-y in Q2 2019 to Rs 170.66 crore from Rs 126.71 crore in Q2 2018.

In its earnings release ZMCL reported 34.5 per cent y-o-y growth in advertising revenue for Q 2019 at Rs 149.43 crore from Rs 111.10 crore. Subscription revenue increased 11.8 per cent y-o-y to Rs 13.1 crore in Q2 2019 from Rs 10.73 crore. Other sales and services also almost quadrupled (increased by 3.6 times) in Q2 2019 to Rs 6.11 crore from Rs 1.68 core in the corresponding year ago quarter.

Let us look at the other numbers reported by ZMCL

ZMCL’s total expenditure in Q2 2019 increased 31.2 per cent y-o-y to Rs 144.78 crore from Rs 110.37 crore. Employee benefits expense in the quarter under review increased 20.3 per cent y-o-y to Rs 37.36 crore from Rs 31.06 crore in Q2 2018. The company’s marketing promotion and distribution expenses in Q2 2019 increased 47.7 per cent to Rs 23.03 crore from Rs 15.59 crore in the corresponding year ago quarter.

Operating costs in Q2 2019 increased 25.9 per cent to Rs 24.49 crore from Rs 19.45 crore. Other expenses in Q2 2019 increased 35.5 per cent to Rs 42.91 crore from Rs 31.66 crore in Q2 2018.

It may be noted that ZMCL has sold its entire equity stake in Ez-Mall Online to a related party at an aggregate consideration of Rs 8.60 crore. Accordingly, Ez-Mall Online 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 acquisition of balance 40 per cent equity stake in its subsidiary Zee Akaash News Private 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/2020/02/24/sonybbcearth.jpg?itok=ZCSwjgfB
Sony BBC Earth concludes the third edition of ‘feel alive hours’ in schools across India

MUMBAI:In its continued efforts in inspiring, influencing and making students ‘feel alive’ with its enthralling content, Sony BBC Earth, India’s most loved factual entertainment channel, recently concluded the third edition of ‘feel alive hours’. Post the phenomenal success of the first and second...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/24/Trump-and-modi.jpg?itok=K3LFKS7w
News channels unveil programming, content strategy for Trump's visit to India

When the US president comes visiting, news channels need to stay on their toes. Indian news channels are now gearing up for a special and round-the-clock coverage of the maiden visit of the United States of America’s president Donald Trump to India on 24-25 February.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/24/9_0.jpg?itok=cjPHDCdS
Fakt Marathi to convert into full GEC from April 2020

The free to air (FTA) Marathi channel Fakt Marathi has made a strategic move to compete with pay broadcasters in the post NTO era. The channel is all set to become a complete GEC from April 2020. It will air three hours of original content in the primetime slot in genres like kids, mythology, socio...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/imsges.jpg?itok=m3hdX5z6
Sports channels reverse viewership loss but still weak in week 6 of BARC

MUMBAI: The viewership of overall sports channels continued to decline as per data published by Broadcast Audience Research Council (BARC) India. Sports broadcasters fell marginally by over 2 per cent in week six (8-14 February) as compared to week five (1-7 February). The decrease in eyeballs is...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/alll.jpg?itok=_QN-bmfJ
English news records highest ratings in 2020 during Delhi elections, results week

Runup to elections and election results announcements are big viewership drivers for news channels in India. Assembly elections on 8 February 2020 and announcement of the election results of the New Delhi legislative assembly in week 6 of 2020 (Saturday, 8 February 2020 to Friday, 14 February 2020.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/logos.jpg?itok=1vH4NSd9
BARC week 6: Four Zee regional channels lead regional markets

In week six of BARC India ratings, Zee's four regional channels  Zee Bangla, Zee Biskope, Zee Marathi and Zee Kannada led in Bangla, Bhojpuri, Marathi and Kannada markets respectively. Zee Punjabi and Zee were seen holding second position in their respective market, whereas Zee Tamil holds third...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/barc.jpg?itok=yD9J7pqX
Hindi news channels viewership increases by 14 per cent in week 6 of BARC

Delhi Legislative Assembly election has proved to be most fruitful for the news channels across genres. However, Hindi news broadcasters’ viewership has substantially grown by over 14 per cent in week six as compared to week five, according to the data published by Broadcast Audience Research...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/spsn.jpg?itok=km9a3_uY
SPSN partners with Social chain of restaurants as on-ground screening partner

MUMBAI: To provide a real-time drama to cricket fans, Sony Pictures Sports Network (SPSN) has partnered with Impresario Entertainment and Hospitality’s Social chain of restaurants across India to be its official on-ground screening partner for high-octane series between Australia and South Africa....

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/nippon.jpg?itok=bTxFlT2R
Nippon TV heads to Series Mania Forum with three new scripted formats

TOKYO: Nippon Television Network Corporation (Nippon TV), Japan’s leading multiplatform entertainment powerhouse, announced that the company has been officially invited by Laurence Herszberg, founder-general director of Series Mania, to be the first Japanese company to attend Series Mania Forum.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required