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Tag: Zee Entertainment Enterprises Limited

  • Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.2 per cent  hike in consolidated revenue for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year. The growth was driven by a 19.2 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.2 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 1,571.62 crore in Q1-17 as compared to Rs 1,326,68 crore in Q1-16.

    Profit after tax (PAT) for the current quarter increased 21.8 percent to Rs 216.96 crore (13.8 percent margin) as compared to Rs 178.18 crore (13.4 percent margin) in Q1-16.

    Ad revenue in the current quarter was Rs 911.98 crore (58 percent of TIO) as compared to Rs 765.33 crore (57.7 percent of TIO) in Q1-16. Subscription revenue in the current quarter was Rs 528.16 crore (33.6 percent of TIO) as compared to Rs 462.53 crore (34.9 percent of TIO) in Q1-16.

    Zeel’s Operating profit (EBITDA) for Q1-17 stood at Rs 453.15 crore (28.8 percent EBITDA Margin) which was 44.1 percent higher than the Rs 314.57 crore (23.7 percent EBIDTA margin) in the corresponding year ago quarter.

    Total Expenditure in Q1-17 increased 11.2 percent to Rs 1,143.58 crore (72.8 percent of TIO) from Rs 1,028.21 crore (77.5 percent of TIO) in Q1-16.

    Finance costs in the current quarter declined 2.6 percent to Rs 7.5 crore (0.5 percent of TIO) from Rs 7.7 crore (0.6 percent of TIO) in the corresponding year ago quarter.

    Employee benefit expense in Q1-17 increased 14.1 percent to Rs 149.93 crore (9.5 percent of TIO) from Rs 131.40 crore (9.9 percent of TIO) in Q1-16.

    Advertising and Publicity expense in the current quarter increased 23.9 percent to Rs 119.71 crore (7.6 percent of TIO) from Rs 96.65 crore (7.3 percent of TIO) in Q1-16.

    Company Speak

    Chandra added, “The financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company’s growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.”

    Zeel managing director and CEO Punit Goenka, Managing said, ““We have started the new fiscal on a positive note, delivering successful result in the first quarter. On the back of continued steady economic recovery, the company once again managed to outperform the market. The advertising growth is holding up and the subscription revenue is maintaining a steady growth. While the advertising could receive a fillip if the consumer spending improves, on the subscription front the industry awaits the regulatory guidelines which will shape the subscription revenue growth over the next few quarters.”

    The preference of the consumers keeps on evolving with time and we have consistently stayed ahead of the curve, and in many cases helped shape it. As an entertainment company, it is imperative for us to experiment with new content and innovate new formats, and we will continue to do so. We are making investments in new growth verticals with an aim that they will start contributing to company’s success in the future. An effort in this direction was the relaunch of company’s paid OTT platform dittoTV with new subscription plans. Our movie production business has started delivering results which is evident with movies like Sairat which became the highest grossing Marathi movie of all time.”

    Note: (1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    (2) All numbers in this report are consolidated unless stated otherwise.
     

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  • Zeel ties with Dish and Sling TV to expand reach in US

    Zeel ties with Dish and Sling TV to expand reach in US

    MUMBAI:  Zee Entertainment Enterprises Limited (Zeel) announced a landmark agreement with Dish and Sling TV to further strengthen its presence in the US Territory the media conglomerate announced in a release.  As a part of the agreement, Dish and Sling TV will carry 27 new channels in addition to the existing 10 Zee channels, which will be available in varied languages like Spanish, Portuguese, Arabic, Hindi, Bengali, Marathi, Tamil, Bhojpuri, Oriya, Rajasthani and Urdu. Post this alliance, the total number of Zee channels available in the US market will be 37 with a combined reach of 52 million or 5.2 crore homes (that includes English and Spanish HHs).

    Further, Sling TV and Dish will be the ‘exclusive provider’ in the US of Zee’s premium on-demand library, which includes movies and over 400 additional popular video titles.  Over time, Sling TV will become the exclusive over-the-top (OTT) provider in the US for all but one of Zee’s South Asian channels. In the coming months, Zee will transition viewers from its direct-to-consumer services to Sling TV or to authenticated access only.

    Speaking on the partnership, Zeel CEO of International Broadcast Business, Amit Goenka said, “America is one of the most important markets for our International business. The deal with Dish further consolidates our leadership position and is in line with our ambitious 2020 goals. We are very delighted to announce that with this deal not only has our reach in the Mainstream American market for our Z Living network quadrupled, but we will also now be serving the high potential Spanish language subscribers with two 24×7 networks. With this deal we will cater to 16 different language groups in America across 5 genres. Zee and Dish have been natural partners for the last 18 years and we both share our vision on future growth of pay TV in USA.”

    “Our agreement with Zee enables us to provide a vast amount of entertainment to fans of South Asian content, while also giving customers a more streamlined way to access and enjoy both linear and on-demand content,” said Sling TV & Dish senior vice President of Programming Chris Kuelling. “Zee shares our goal of growing the South Asian market, and together we are able to better serve this community, as well as the other language groups served by Zee.”

    To broaden the options available to fans of South Asian content, Sling TV and Dish are launching a new ‘Hindi Gold Pack,’ which will contain all of the Zee Hindi channels, plus other leading Hindi channels. In addition, &TV, one of the most requested Hindi channels by current Sling TV and Dish customers, will be added to the existing lineup. Zee’s on-demand content will be available at no additional charge to Dish and Sling TV subscribers with the Hindi Gold Pack.

    Dish and Sling TV will also add two Spanish-language channels, Z Living Español and Zee TV Español, and two Brazilian channels, Zee TV Portuguese and Z Living Portuguese, to their respective line-ups.  The new Spanish channels can be found on Dish in the DishLATINO Clasico, DishLATINO Dos, DishLATINO Plus and DishLATINO Max packages, and the Best of Spanish TV package on Sling Latino.

    Zee Alwan and Zee Aflam, two popular Arabic channels will launch in the Dish Arabic Super Elite and the Arabic Mosaic Pack on Sling TV as well.

  • Zeel ties with Dish and Sling TV to expand reach in US

    Zeel ties with Dish and Sling TV to expand reach in US

    MUMBAI:  Zee Entertainment Enterprises Limited (Zeel) announced a landmark agreement with Dish and Sling TV to further strengthen its presence in the US Territory the media conglomerate announced in a release.  As a part of the agreement, Dish and Sling TV will carry 27 new channels in addition to the existing 10 Zee channels, which will be available in varied languages like Spanish, Portuguese, Arabic, Hindi, Bengali, Marathi, Tamil, Bhojpuri, Oriya, Rajasthani and Urdu. Post this alliance, the total number of Zee channels available in the US market will be 37 with a combined reach of 52 million or 5.2 crore homes (that includes English and Spanish HHs).

    Further, Sling TV and Dish will be the ‘exclusive provider’ in the US of Zee’s premium on-demand library, which includes movies and over 400 additional popular video titles.  Over time, Sling TV will become the exclusive over-the-top (OTT) provider in the US for all but one of Zee’s South Asian channels. In the coming months, Zee will transition viewers from its direct-to-consumer services to Sling TV or to authenticated access only.

    Speaking on the partnership, Zeel CEO of International Broadcast Business, Amit Goenka said, “America is one of the most important markets for our International business. The deal with Dish further consolidates our leadership position and is in line with our ambitious 2020 goals. We are very delighted to announce that with this deal not only has our reach in the Mainstream American market for our Z Living network quadrupled, but we will also now be serving the high potential Spanish language subscribers with two 24×7 networks. With this deal we will cater to 16 different language groups in America across 5 genres. Zee and Dish have been natural partners for the last 18 years and we both share our vision on future growth of pay TV in USA.”

    “Our agreement with Zee enables us to provide a vast amount of entertainment to fans of South Asian content, while also giving customers a more streamlined way to access and enjoy both linear and on-demand content,” said Sling TV & Dish senior vice President of Programming Chris Kuelling. “Zee shares our goal of growing the South Asian market, and together we are able to better serve this community, as well as the other language groups served by Zee.”

    To broaden the options available to fans of South Asian content, Sling TV and Dish are launching a new ‘Hindi Gold Pack,’ which will contain all of the Zee Hindi channels, plus other leading Hindi channels. In addition, &TV, one of the most requested Hindi channels by current Sling TV and Dish customers, will be added to the existing lineup. Zee’s on-demand content will be available at no additional charge to Dish and Sling TV subscribers with the Hindi Gold Pack.

    Dish and Sling TV will also add two Spanish-language channels, Z Living Español and Zee TV Español, and two Brazilian channels, Zee TV Portuguese and Z Living Portuguese, to their respective line-ups.  The new Spanish channels can be found on Dish in the DishLATINO Clasico, DishLATINO Dos, DishLATINO Plus and DishLATINO Max packages, and the Best of Spanish TV package on Sling Latino.

    Zee Alwan and Zee Aflam, two popular Arabic channels will launch in the Dish Arabic Super Elite and the Arabic Mosaic Pack on Sling TV as well.

  • ZEE partners with the Bhamla Foundation this World Environment Day

    ZEE partners with the Bhamla Foundation this World Environment Day

    Mumbai, June 01, 2016: Reinforcing their commitment towards sustainability, India’s leading media and entertainment conglomerate, Zee Entertainment Enterprises Limited (ZEEL), and prominent NGO, the Bhamla Foundation, have come together this World Environment Day to create and build awareness about the environment. ZEE and the Bhamla Foundation will be organizing a star-studded event at the open-air amphitheatre at Carter Road, Bandra in Mumbai on June 05, 2016. The event will be supported by the Ministry of Environment (Govt. of Maharashtra) and the Maharashtra Pollution Control Board.

    Speaking on the association, Mr. Sunil Buch, Chief Business Officer, ZEEL said, “Through our ‘ZEE Is Green’ initiative, ZEE has been actively working towards translating our environmental commitment into action. With the support of our producers, studio owners and artists, ZEE Is Green was launched in October 2015. Since then, we have already greened six of our sets at our Naigaon Studios, and are currently focused on greening other productions across India. Our ultimate aim is to go completely green as an organization, by the year 2020.”

    Mr. Buch further added: “We have realized that by creating eco-wealth, we are not only building a stronger business but building a more sustainable world for the local communities around us. By partnering with the Bhamla Foundation this World Environment Day, we hope to create interest and awareness among our fellow citizens on various ways through which we can make a positive impact on the environment together.”

    Sharing more details on the event, Mr. Asif Bhamla, Chairman, Bhamla Foundation said, “The Bhamla Foundation has constantly been eager to support initiatives that help raise awareness to preserve the planet. This year, we are excited to partner with ZEE for the World Environment Day event, which will have an interesting and varied line-up of day-long activities. We have been organizing the World Environment Day event since the last 8 years and we have always received tremendous support from our partners, residents’ groups and especially the enthusiastic locals. We are confident that people will come forward to help us spread the message this World Environment Day as well.”

    The World Environment Day event will be held at the Carter Road Amphitheatre in Bandra from 10am – 10pm on June 5th with more than 12000 visitors expected. Prominent political leaders including Mr. Suresh Prabhu, Mr. Piyush Goyal, Ms. Priya Dutt as well as personalities from Bollywood and television like Sanjay Dutt, Jackie Shroff, Dia Mirza, Shabbir Ahluwalia, Rohit Roy and Ronit Roy among others, will be attending the event along with locals and visitors from all across Mumbai.

    The key highlights of the event include a massive cycle rally from Bandra Bandstand to Carter Road, a spinning – indoor cycling workout on Carter Road promenade, stalls on environment awareness and preservation, keynote sessions by noted environmentalists and a tree sapling distribution drive. The local Residents Association Groups will also be felicitated at the event for their role in preserving the environment. In the evening, the event will conclude with electrifying LIVE performances from Kunal Ganjawala, Salim-Suleiman, Sona Mahapatra, Armaan Malik and Aditya Narayan. The event will also be available for streaming on ZEE’s leading video-on-demand platform, OZEE.

    Every year, June 5th is celebrated by millions internationally as World Environment Day. Established in 1972 by the United Nations, World Environment Day is one of the principal vehicles through which the UN stimulates worldwide awareness for the environment and also encourages positive action.

  • ZEE partners with the Bhamla Foundation this World Environment Day

    ZEE partners with the Bhamla Foundation this World Environment Day

    Mumbai, June 01, 2016: Reinforcing their commitment towards sustainability, India’s leading media and entertainment conglomerate, Zee Entertainment Enterprises Limited (ZEEL), and prominent NGO, the Bhamla Foundation, have come together this World Environment Day to create and build awareness about the environment. ZEE and the Bhamla Foundation will be organizing a star-studded event at the open-air amphitheatre at Carter Road, Bandra in Mumbai on June 05, 2016. The event will be supported by the Ministry of Environment (Govt. of Maharashtra) and the Maharashtra Pollution Control Board.

    Speaking on the association, Mr. Sunil Buch, Chief Business Officer, ZEEL said, “Through our ‘ZEE Is Green’ initiative, ZEE has been actively working towards translating our environmental commitment into action. With the support of our producers, studio owners and artists, ZEE Is Green was launched in October 2015. Since then, we have already greened six of our sets at our Naigaon Studios, and are currently focused on greening other productions across India. Our ultimate aim is to go completely green as an organization, by the year 2020.”

    Mr. Buch further added: “We have realized that by creating eco-wealth, we are not only building a stronger business but building a more sustainable world for the local communities around us. By partnering with the Bhamla Foundation this World Environment Day, we hope to create interest and awareness among our fellow citizens on various ways through which we can make a positive impact on the environment together.”

    Sharing more details on the event, Mr. Asif Bhamla, Chairman, Bhamla Foundation said, “The Bhamla Foundation has constantly been eager to support initiatives that help raise awareness to preserve the planet. This year, we are excited to partner with ZEE for the World Environment Day event, which will have an interesting and varied line-up of day-long activities. We have been organizing the World Environment Day event since the last 8 years and we have always received tremendous support from our partners, residents’ groups and especially the enthusiastic locals. We are confident that people will come forward to help us spread the message this World Environment Day as well.”

    The World Environment Day event will be held at the Carter Road Amphitheatre in Bandra from 10am – 10pm on June 5th with more than 12000 visitors expected. Prominent political leaders including Mr. Suresh Prabhu, Mr. Piyush Goyal, Ms. Priya Dutt as well as personalities from Bollywood and television like Sanjay Dutt, Jackie Shroff, Dia Mirza, Shabbir Ahluwalia, Rohit Roy and Ronit Roy among others, will be attending the event along with locals and visitors from all across Mumbai.

    The key highlights of the event include a massive cycle rally from Bandra Bandstand to Carter Road, a spinning – indoor cycling workout on Carter Road promenade, stalls on environment awareness and preservation, keynote sessions by noted environmentalists and a tree sapling distribution drive. The local Residents Association Groups will also be felicitated at the event for their role in preserving the environment. In the evening, the event will conclude with electrifying LIVE performances from Kunal Ganjawala, Salim-Suleiman, Sona Mahapatra, Armaan Malik and Aditya Narayan. The event will also be available for streaming on ZEE’s leading video-on-demand platform, OZEE.

    Every year, June 5th is celebrated by millions internationally as World Environment Day. Established in 1972 by the United Nations, World Environment Day is one of the principal vehicles through which the UN stimulates worldwide awareness for the environment and also encourages positive action.

  • &TV opens new timeslot with daily soap Waaris starting 16 May

    &TV opens new timeslot with daily soap Waaris starting 16 May

    MUMBAI: Zee Entertainment Enterprises Limited (Zeel) Hindi GEC &TV will start airing a new daily soap Waaris starting 16 May at the 700pm and will run Monday to Friday. With this, &TV has opened up its 700pm slot as primetime as against its previous primetime slot of 730pm. Waaris replaces the rerun of Begusarai. The show is presented by Patanjali Kesh Kanti and powered by Lemce Socks. Waaris is produced by Ashvini Yardi’s Vini Yard Films.

    Talking about the show, &TV business head Rajesh Iyer said, “With Waaris, we are now opening up a new time slot and further increasing our original programming hours. The concept of Waaris reflects certain social stigmas that are yet plaguing our society and we believe that a differentiated concept like this will certainly be able to find the share of heart amongst the audiences.”

    Vini Yard Films’ Yardi said, “Waaris deals with the cultural issue of the girl child in our country. The story deals with a strong mother who guards a fierce secret to protect her child and the well-being of the community they belong to. Set in the heartland of Punjab, Waaris touches your heart immediately through its rich story- telling and its stark characters.”

    Waaris is the story of a child Manpreet, who thoughtlessly obeys everything that his mother says without any questions asked. But his mother Amba had lied…Maa ne jhooth bola tha… and this lie is what sets the momentum of the show. While Manpreet is a girl in reality, her identity has been kept under the wraps and she is known as Amba’s son to the entire village. So starts the journey of Manpreet and the age old feud between the two warring landowners – the Pawanias and the Bajwas in proving their supremacy. The show brings together an ensemble cast that includes Aarti Singh as Amba Pawania – Manpreet’s mother, Iqbal Khan as Charan Pawania – Manpreet’s father, Akshay Dogra as Charan’s younger brother Jagan Pawania, Mukesh Khanna as Lalaji Bajwa, Sidhant Suryavanshi as Harjeet Bajwa and the little Sania Tauqeer as Manpreet Pawania.

  • &TV opens new timeslot with daily soap Waaris starting 16 May

    &TV opens new timeslot with daily soap Waaris starting 16 May

    MUMBAI: Zee Entertainment Enterprises Limited (Zeel) Hindi GEC &TV will start airing a new daily soap Waaris starting 16 May at the 700pm and will run Monday to Friday. With this, &TV has opened up its 700pm slot as primetime as against its previous primetime slot of 730pm. Waaris replaces the rerun of Begusarai. The show is presented by Patanjali Kesh Kanti and powered by Lemce Socks. Waaris is produced by Ashvini Yardi’s Vini Yard Films.

    Talking about the show, &TV business head Rajesh Iyer said, “With Waaris, we are now opening up a new time slot and further increasing our original programming hours. The concept of Waaris reflects certain social stigmas that are yet plaguing our society and we believe that a differentiated concept like this will certainly be able to find the share of heart amongst the audiences.”

    Vini Yard Films’ Yardi said, “Waaris deals with the cultural issue of the girl child in our country. The story deals with a strong mother who guards a fierce secret to protect her child and the well-being of the community they belong to. Set in the heartland of Punjab, Waaris touches your heart immediately through its rich story- telling and its stark characters.”

    Waaris is the story of a child Manpreet, who thoughtlessly obeys everything that his mother says without any questions asked. But his mother Amba had lied…Maa ne jhooth bola tha… and this lie is what sets the momentum of the show. While Manpreet is a girl in reality, her identity has been kept under the wraps and she is known as Amba’s son to the entire village. So starts the journey of Manpreet and the age old feud between the two warring landowners – the Pawanias and the Bajwas in proving their supremacy. The show brings together an ensemble cast that includes Aarti Singh as Amba Pawania – Manpreet’s mother, Iqbal Khan as Charan Pawania – Manpreet’s father, Akshay Dogra as Charan’s younger brother Jagan Pawania, Mukesh Khanna as Lalaji Bajwa, Sidhant Suryavanshi as Harjeet Bajwa and the little Sania Tauqeer as Manpreet Pawania.

  • FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.8 per cent  hike revenue for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The growth was driven by a 28.9 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.7 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 5,851.46 crore in FY-16 as compared to Rs 4,883.65 crore in FY-15.

    Note: (1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
    (2) All numbers in this report are consolidated unless stated otherwise.

    Ad revenue in the current year was Rs 3,429.64 (58.6 percent of TIO) as compared to Rs 2,660.30 crore (54.5 percent of TIO) in the previous year. Subscription revenue in the current year was Rs 2,057.87 crore (35.2 percent of TIO) as compared to Rs 1,793,48 crore (36.7 percent of TIO) in FY-15.

    Profit after tax (PAT) for the current year increased 5 percent to Rs 1,026.77 crore (17.5 percent margin) as compared to Rs 977.50 crore (20 percent margin) in FY-15.

    Zeel’s Operating profit (EBITDA) for FY-16 stood at Rs 1,509.55 crore (25.8 percent EBITDA Margin) which was 20.4 percent higher than the Rs 1,253.70 crore (25.7 percent EBIDTA margin).

    Total Expenditure in FY-16 increased 19.7 percent to Rs 4,425.95 crore (75.6 percent of TIO) from Rs 3,692.27 crore (75.7 percent of TIO).

    Numbers for Q4-16

    For the quarter ended 31 March 2016 (Q1-16, current quarter), TIO  increased 13.7 percent year-over-year (y-o-y) to Rs 1,531.62 crore from Rs 1,347.05 crore, but declined 4 percent quarter-over-quarter (q-o-q) from Rs 1,595.08 crore in the immediate trailing quarter.

    Zeel reported 29.1 percent growth in y-o-y ad revenue to Rs 864.51 crore as compared to Rs 669.66 crore (47.7 percent of TIO). The current quarter’s ad revenue however declined 8.2 percent q-o-q from Rs 941.88 crore (59 per cent ofTIO).

    Subscription revenue in Q1-16 increased 16.4 percent y-o-y to Rs 594.41 crore (38.8 percent of TIO) as compared to Rs 510.77 crore (37.9 percent of TIO) in Q4-15 and increased 13.9 percent q-o-q from Rs 521.80 crore (32.7 percent of TIO) in Q3-16.

    PAT in the current quarter increased 6.9 percent y-o-y to Rs 260.61 crore (17 percent margin) from Rs 230.77 crore (17.1 percent margin), but declined 5.2 percent q-o-q from Rs 275 crore (17.2 percent margin).

    EBIDTA in the current quarter increased 52.7 percent y-o-y to Rs 413.57 crore (27 percent EBIDTA margin) from Rs 270.75 crore (20.1 percent margin), but declined 3.9 percent q-o-q from Rs 430.19 crore (27 percent EBIDTA margin).

    Total Expenditure in Q4-16 increased 4.7 percent y-o-y to Rs 1,145.38 crore (74.8 percent of TIO) from Rs 1,093.70 crore (78 percent of TIO), but declined 3.3 percent q-o-q from Rs 1,185.01 crore (74.3 percent of TIO) in Q3-16.

    Company Speak

    Chandra added, “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. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”

    Zeel managing director and CEO Punit Goenka, Managing said, “I am happy to announce that 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 last quarter we launched OZEE which is a one stop destination for all Zee content online. We understand that Digital will be a key part of our growth in the future and hence we are geared for expansion on that front as well. We also rebranded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience.”

    “We would continue to innovate on the content front to serve our audiences. With the growth in consumption on digital platforms the content production has been democratized and it will lead to increase in content variety for the consumer. Zee has a strong pedigree in the content creation business and we will continue to maintain and build on it,” added Goenka.

    Click here for earnings release.

    Click here for Financial release.

  • FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.8 per cent  hike revenue for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The growth was driven by a 28.9 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.7 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 5,851.46 crore in FY-16 as compared to Rs 4,883.65 crore in FY-15.

    Note: (1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
    (2) All numbers in this report are consolidated unless stated otherwise.

    Ad revenue in the current year was Rs 3,429.64 (58.6 percent of TIO) as compared to Rs 2,660.30 crore (54.5 percent of TIO) in the previous year. Subscription revenue in the current year was Rs 2,057.87 crore (35.2 percent of TIO) as compared to Rs 1,793,48 crore (36.7 percent of TIO) in FY-15.

    Profit after tax (PAT) for the current year increased 5 percent to Rs 1,026.77 crore (17.5 percent margin) as compared to Rs 977.50 crore (20 percent margin) in FY-15.

    Zeel’s Operating profit (EBITDA) for FY-16 stood at Rs 1,509.55 crore (25.8 percent EBITDA Margin) which was 20.4 percent higher than the Rs 1,253.70 crore (25.7 percent EBIDTA margin).

    Total Expenditure in FY-16 increased 19.7 percent to Rs 4,425.95 crore (75.6 percent of TIO) from Rs 3,692.27 crore (75.7 percent of TIO).

    Numbers for Q4-16

    For the quarter ended 31 March 2016 (Q1-16, current quarter), TIO  increased 13.7 percent year-over-year (y-o-y) to Rs 1,531.62 crore from Rs 1,347.05 crore, but declined 4 percent quarter-over-quarter (q-o-q) from Rs 1,595.08 crore in the immediate trailing quarter.

    Zeel reported 29.1 percent growth in y-o-y ad revenue to Rs 864.51 crore as compared to Rs 669.66 crore (47.7 percent of TIO). The current quarter’s ad revenue however declined 8.2 percent q-o-q from Rs 941.88 crore (59 per cent ofTIO).

    Subscription revenue in Q1-16 increased 16.4 percent y-o-y to Rs 594.41 crore (38.8 percent of TIO) as compared to Rs 510.77 crore (37.9 percent of TIO) in Q4-15 and increased 13.9 percent q-o-q from Rs 521.80 crore (32.7 percent of TIO) in Q3-16.

    PAT in the current quarter increased 6.9 percent y-o-y to Rs 260.61 crore (17 percent margin) from Rs 230.77 crore (17.1 percent margin), but declined 5.2 percent q-o-q from Rs 275 crore (17.2 percent margin).

    EBIDTA in the current quarter increased 52.7 percent y-o-y to Rs 413.57 crore (27 percent EBIDTA margin) from Rs 270.75 crore (20.1 percent margin), but declined 3.9 percent q-o-q from Rs 430.19 crore (27 percent EBIDTA margin).

    Total Expenditure in Q4-16 increased 4.7 percent y-o-y to Rs 1,145.38 crore (74.8 percent of TIO) from Rs 1,093.70 crore (78 percent of TIO), but declined 3.3 percent q-o-q from Rs 1,185.01 crore (74.3 percent of TIO) in Q3-16.

    Company Speak

    Chandra added, “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. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”

    Zeel managing director and CEO Punit Goenka, Managing said, “I am happy to announce that 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 last quarter we launched OZEE which is a one stop destination for all Zee content online. We understand that Digital will be a key part of our growth in the future and hence we are geared for expansion on that front as well. We also rebranded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience.”

    “We would continue to innovate on the content front to serve our audiences. With the growth in consumption on digital platforms the content production has been democratized and it will lead to increase in content variety for the consumer. Zee has a strong pedigree in the content creation business and we will continue to maintain and build on it,” added Goenka.

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