Dr Subhash Chandra, chairman, ZEEL, said the results have once again shown that the company is committed to the goal of profitable growth and enhancing shareholder wealth.
Zee Entertainment Enterprises Ltd (ZEEL) India's leading entertainment company, has reported a 29.1% year-on-year growth in advertising revenues for the fourth quarter ended March 2016 at Rs 864.5 crore. While domestic advertising revenues stood at Rs 752.5 crore, international advertising revenues were Rs 112 crore.
The consolidated operating profit (Ebitda) for the January to March period stood at Rs 413.6 crore and consolidated operating revenue at Rs 1,531.6 crore, a 13.7% on-year rise. Profit after tax (PAT) for the March quarter was Rs 265.9 crore. While Ebitda margin stood at 27%, PAT margin was 17.4%.
Dr Subhash Chandra, chairman, ZEEL, said the results have once again shown that the company is committed to the goal of profitable growth and enhancing shareholder wealth.
"The growth in the quarter has been satisfactory and the investment in the new channels has started showing results. We strive to seek out growth opportunities which will give sustainable long-term growth," he said.
For the fiscal 2016, the company's advertising revenues at Rs 3,429.6 crore grew 28.9% over fiscal 2015. Subscription revenues increased 14.7% on-year to Rs 2,057.9 crore, of which domestic segment chipped in Rs 1,630.2 crore while international contributed Rs 427.6 crore. Consolidated operating revenues for fiscal 2016 stood at Rs 5,851.5 crore, a growth of 19.8% over the last fiscal. While Ebitda for FY2016 stood at Rs 1,509.6 crore and PAT was Rs 1,028.9 crore. The full year operating profit margin stood at 25.8% while the PAT margin was at 17.6%.
Punit Goenka, managing director and chief executive officer, ZEEL, said, "Our sustained growth momentum through the year continued in the fourth quarter as well and we have ended the year on a strong note. Our growth has been ahead of the market growth trajectory which is being reflected in the improving viewership share of our network. We continue to see strong growth in both existing and new products."
In the March quarter, the company launched OZEE, a one-stop destination for all Zee content online. According to Goenka, the company understands that digital will be a key part of growth in the future and hence is geared for expansion on that front as well. "We also re-branded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience," he said.
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