On consolidated basis
Quarter ended December 2024 compared
with Quarter ended December 2023.
Net sales (including other operating income) of Zee Entertainment Enterprises
has declined 3.27% to Rs 1978.8 crore.
Operating profit margin has jumped
from 10.22% to 16.21%, leading to 53.44% rise in operating profit to Rs 320.70
crore. Employee cost increased from 11.94% to 12.30%.
Other expenses fell from 77.85% to 71.50%. Selling and
administration expenses rose from 12.38% to 15.04%. Other direct
service cost fell from 58.05% to 50.37%.
Other income rose 24.55% to Rs 34.5
crore. PBIDT rose 50.06% to Rs 355.2 crore. Provision for
interest fell 40.98% to Rs 10.8 crore.
PBDT rose 57.69% to Rs 344.4
crore. Provision for depreciation fell 13.53% to Rs 65.8
crore.
Profit before tax grew 95.78% to Rs
278.60 crore. Extraordinary items were decreased to Rs -80.90
crore. Provision for tax was expense of Rs 34.2 crore, compared to
Rs 28.8 crore. Effective tax rate was 17.29% compared to 35.08%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company increased
206.94% to Rs 163.60 crore.
Promoters’ stake was 3.99% as of 31
December 2024 ,compared to 3.99% as of 31 December 2023 . Promoters
pledged stake was 5.38% as of 31 December 2024 ,compared to 5.38% as of 31
December 2023 .
Year-to-date
(YTD) results analysis.
Net sales (including other operating income) of Zee Entertainment Enterprises
has declined 5.52% to Rs 6110 crore.
Operating profit margin has jumped
from 10.83% to 14.97%, leading to 30.50% rise in operating profit to Rs 914.40
crore. Employee cost decreased from 11.81% to 11.40%.
Other expenses fell from 77.36% to 73.63%. Selling and
administration expenses rose from 12.42% to 13.86%. Other direct
service cost fell from 58.08% to 52.95%.
Other income fell 23.44% to Rs 87.2
crore. PBIDT rose 22.96% to Rs 1001.6 crore. Provision
for interest fell 62.27% to Rs 24.6 crore.
PBDT rose 30.37% to Rs 977
crore. Provision for depreciation fell 7.46% to Rs 214.6
crore.
Profit before tax grew 47.32% to Rs
762.40 crore. Extraordinary items were increased to Rs -98.60
crore. Provision for tax was expense of Rs 165.3 crore, compared to
Rs 80 crore. Effective tax rate was 24.89% compared to 29.95%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 166.60% to Rs 498.80 crore.
Promoters’ stake was 3.99% as of 31
December 2024 ,compared to 3.99% as of 31 December 2023 . Promoters
pledged stake was 5.38% as of 31 December 2024 ,compared to 5.38% as of 31
December 2023 .
Full year results analysis.
Net sales (including other operating income) of Zee Entertainment Enterprises
has increased 6.79% to Rs 8637.2 crore.
Operating profit margin has declined
from 13.69% to 10.55%, leading to 17.70% decline in operating profit to Rs 911.00
crore. Employee cost increased from 10.19% to 11.80%.
Other expenses rose from 76.13% to 77.66%. Selling and
administration expenses fell from 13.05% to 12.36%. Other direct
service cost rose from 55.25% to 58.34%.
Other income rose 62.19% to Rs 129.3
crore. PBIDT fell 12.33% to Rs 1040.3 crore. Provision
for interest rose 2.65% to Rs 72.1 crore. Loan funds declined from
Rs 282.02 crore as of 31 March 2023 to Rs 230.32 crore as of 31 March
2024. Inventories declined from Rs 7,307.89 crore as of 31 March
2023 to Rs 6,912.91 crore as of 31 March 2024. Sundry debtors were
higher at Rs 1,701.56 crore as of 31 March 2024 compared to Rs 1,608.79 crore
as of 31 March 2023. Cash and bank balance rose to Rs 1,193.19 crore
as of 31 March 2024 from Rs 804.02 crore as of 31 March
2023. Investments rose to Rs 39.02 crore as of 31 March 2024 from Rs
34.89 crore as of 31 March 2023 .
PBDT fell 13.27% to Rs 968.2
crore. Provision for depreciation fell 1.17% to Rs 309.1 crore. Fixed
assets declined from Rs 1,048.70 crore as of 31 March 2023 to Rs 883.37 crore
as of 31 March 2024. Intangible assets increased from Rs 330.16
crore to Rs 330.26 crore.
Profit before tax down 17.99% to Rs
659.10 crore. Extraordinary items were increased to Rs -278.40
crore. Provision for tax was expense of Rs 181.9 crore, compared to
Rs 216.69 crore. Effective tax rate was 47.73% compared to 46.29%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
decreased 20.76% to Rs 199.20 crore.
Equity capital stood at Rs 96.06
crore as of 31 March 2024 to Rs 96.06 crore as of 31 March 2023. Per
share face Value remained same at Rs 1.00.
Promoters’ stake was 3.99% as of 31
March 2024 ,compared to 3.99% as of 31 March 2023 . Promoters
pledged stake was 5.38% as of 31 March 2024 ,compared to 5.38% as of 31 March
2023 .
Cash flow from operating activities
increased to Rs 714.34 crore for year ended March 2024 from Rs 129.05 crore for
year ended March 2023. Cash flow used in acquiring fixed assets
during the year ended March 2024 stood at Rs 130.50 crore, compared to Rs
267.64 crore during the year ended March 2023.
Operational
highlights:
Advertising revenue for the quarter improved by 4% QoQ, and declined by
8% YoY due to sluggish festive season. Sustained consumption slowdown is
resulting in lower FMCG Ad spending.
Subscription revenue YoY Growth driven by both Linear subscription
revenue and ZEE5.
Other sales and services declined YoY due to leaner movie calendar and
lower syndication revenue.
International revenue break-up:
Q3FY2025 advertisement revenue stood at Rs 60.0 crore, subscription revenue
stood at Rs 86.6 crore and other sales and service revenue stood at Rs 20.8
crore.
Zee Entertainment Enterprises : Consolidated Results | | Quarter ended | Year to Date | Year ended |
---|
Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
---|
Net Sales (including other operating income) | 1,978.80 | 2,045.70 | -3.27 | 6,110.00 | 6,467.30 | -5.52 | 8,637.20 | 8,087.90 | 6.79 | OPM (%) | 16.21 | 10.22 | 599 bps | 14.97 | 10.83 | 413 bps | 10.55 | 13.69 | -314 bps | OP | 320.70 | 209.00 | 53.44 | 914.40 | 700.70 | 30.50 | 911.00 | 1,106.92 | -17.70 | Other Inc. | 34.50 | 27.70 | 24.55 | 87.20 | 113.90 | -23.44 | 129.30 | 79.72 | 62.19 | PBIDT | 355.20 | 236.70 | 50.06 | 1,001.60 | 814.60 | 22.96 | 1,040.30 | 1,186.64 | -12.33 | Interest | 10.80 | 18.30 | -40.98 | 24.60 | 65.20 | -62.27 | 72.10 | 70.24 | 2.65 | PBDT | 344.40 | 218.40 | 57.69 | 977.00 | 749.40 | 30.37 | 968.20 | 1,116.40 | -13.27 | Depreciation | 65.8 | 76.1 | -13.53 | 214.6 | 231.9 | -7.46 | 309.1 | 312.75 | -1.17 | PBT | 278.60 | 142.30 | 95.78 | 762.4 | 517.5 | 47.32 | 659.1 | 803.65 | -17.99 | Share of Profit/(Loss) from Associates | 0.1 | 0.1 | 0 | 0.3 | 0.3 | 0 | 0.4 | -0.1 | LP | PBT before EO | 278.7 | 142.4 | 95.72 | 762.7 | 517.8 | 47.30 | 659.5 | 803.55 | -17.93 | EO Income | -80.9 | -60.3 | -34.16 | -98.6 | -250.7 | 60.67 | -278.4 | -335.48 | 17.01 | PBT after EO | 197.8 | 82.1 | 140.93 | 664.1 | 267.1 | 148.63 | 381.1 | 468.07 | -18.58 | Taxation | 34.2 | 28.8 | 18.75 | 165.3 | 80 | 106.63 | 181.9 | 216.69 | -16.06 | PAT | 163.6 | 53.3 | 206.94 | 498.8 | 187.1 | 166.60 | 199.2 | 251.38 | -20.76 | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | Net profit | 163.6 | 53.3 | 206.94 | 498.8 | 187.1 | 166.60 | 199.2 | 251.38 | -20.76 | P/(L) from discontinued operations net of tax | 0 | 5.2 | - | -7.7 | -59 | 86.95 | -57.8 | -203.59 | 71.61 | Net profit after discontinued operations | 163.6 | 58.5 | 179.66 | 491.1 | 128.1 | 283.37 | 141.4 | 47.79 | 195.88 | EPS (Rs)* | 2.40 | 0.96 | 149.42 | 5.96 | 3.78 | 57.97 | 3.59 | 4.49 | -20.16 | | * EPS is on current equity of Rs 96.05 crore, Face value of Rs 1, Excluding extraordinary items. | # EPS is not annualised | bps : Basis points | EO : Extraordinary items | Figures in Rs crore | Source: Capitaline Corporate Database |
|
|