Zee Entertainment's fourth quarter net profit jumps 7.4%

Zee Entertainment Enterprises Ltd has reported a jump of 7.4% in its net profit for the quarter ended March 31, 2015 at Rs 231.9 crore. 

The company said that its operating revenues during the given quarter went up by 16,3%, from Rs 1,158.8 crore in the fourth quarter of last year to Rs 1,347.1 crore. 

Pure profit margin, or earnings before interest, tax, depreciation and ammortisation (EBITDA) for the quarter stood at 20.1% and the profit after tax margin stood at 17.2%. 

The company said that the advertising revenues for the quarter recorded a growth of 15% over the same period of last year. 

Dr Subhash Chandra, Chairman, ZEE, said, “With a stable government at the center the Indian economy has shown some signs for optimism and is expected to see a positive growth trajectory."

He further said that new initiatives like the “Make in India” campaign and other reform measures have boosted confidence among investors in the successful and sustainable growth of the economy. 

On the future of media sector, Dr Chandra said, "Introduction of GST in the coming future should be a positive for the media sector. With the aforementioned developments in the economic environment we hope that the Media industry will see improvement in the revenues.” 

Punit Goenka, Managing Director & Chief Executive Officer, ZEE, said, “This quarter, our performance has been satisfactory. As expected, advertising spends increased during the quarter backed by consistent performance of our channels."