Zee reports 44.5% jump in net profit for third quarter, at Rs 308.61 crore
Commenting on the company's result, Chandra said, "Our quarterly performance reflects the investments that Zee is making to grow its business and market share. The viewership market share has been strong, which has helped us to continue to grow ahead of the market."
Zee Entertainment Enterprises Ltd has reported a sharp 44.5% jump in its net profit for the quarter ended December 31, 2014. The net profit for the company stood at Rs 308.61 crore as against Rs 213.59 crore for the corresponding quarter of last year.
Total income from operations for the given quarter stood at Rs 1363.72 crore as against Rs 1188.36 crore, last year.
Its earnings before interest, tax, depreciation and ammortisation (EBITDA) margin stood at 25.9% and profit after tax (PAT) margin was recorded at 22.5%.
Subhash Chandra, Chairman, Zee, said, "The overall economic sentiment in India continues to remain positive post the formation of the new central government."
Commenting on the company's result, Chandra said, "Our quarterly performance reflects the investments that Zee is making to grow its business and market share. The viewership market share has been strong, which has helped us to continue to grow ahead of the market."
Revenue streamsZee said that its advertising revenues for the third quarter ended December 31, 2014 grew by 8.5%. The total revenues for the company registered a growth of 14.8% in the said quarter.
The advertising revenues for the quarter were at Rs 742.6 crore.
Punit Goenka, Managing Director and Chief Executive Officer, Zee, said, "Television industry had a good quarter as far as ad spends are concerned. The festive season saw robust growth, which moderated slightly post the festive period."