LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

ZEEL net profit rises 28.5% YoY

Advertising revenue for the quarter was at Rs 1,202 crore, a growth of 25.8%

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
ZEEL net profit rises 28.5% YoY
In the previous quarter, the company reported a net profit of Rs 590.8 crore, against Rs 238.4 crore in the year-ago period. Image source: zeenews.com
Written By: ZeeBiz WebTeam
Updated: Wed, Jan 17, 2018
03:17 pm
ZeeBiz WebDesk
RELATED NEWS
What makes one a celebrity? The answer is here! Zee Zest announces FIT FAB FEAST with Huma Qureshi - Check all key details What makes one a celebrity? The answer is here! Zee Zest announces FIT FAB FEAST with Huma Qureshi - Check all key details
ZEE5 launches ‘ZEE5 CLUB’ - Premium content for every Indian at a value price on offer ZEE5 launches ‘ZEE5 CLUB’ - Premium content for every Indian at a value price on offer
ZEE5, Dialog partners to provide largest bouquet of premium regional content to Sri Lanka ZEE5, Dialog partners to provide largest bouquet of premium regional content to Sri Lanka
Zee5 is growth driver; ad revenue from international market grew 40%: Punit Goenka, ZEEL Zee5 is growth driver; ad revenue from international market grew 40%: Punit Goenka, ZEEL
TRAI’s framework will provide customers wide range of choices; we support the order: Punit Mishra, ZEEL TRAI’s framework will provide customers wide range of choices; we support the order: Punit Mishra, ZEEL

Zee Entertainment Enterprises Limited (ZEEL) today posted Rs 322 crore net profit for the quarter ended December 31, a rise of 28.5%, against Rs 250.81 crore in the same quarter a year ago.
 
In the previous quarter, the company reported a net profit of Rs 590.8 crore, against Rs 238.4 crore in the year-ago period.
 
 ZEEL reported a consolidated revenue of Rs 1,838.1 crore for the third quarter of financial year (FY) 2018. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was Rs 5,94.4 crore. 
EBITDA margin for the quarter stood at 32.3%. 
 
Advertising revenue for the quarter was Rs 1,202 crore, a growth of 25.8%. After adjusting for sports, domestic advertising revenue grew 30.4% to Rs 11,37.3 crore. 
 
Subhash Chandra, Chairman, ZEEL, said, “It is very heartening to see the rebound in the economy after four quarters. The initiatives taken by the government had some short-term impact on the growth, but these measures will strengthen the economy in the long run." 
 
"Indian M&E sector will be a beneficiary of this growth story as people spend more time and money on consuming entertainment content. ZEEL, with its strong portfolio of entertainment offerings, is well positioned to capitalise on this opportunity.” 
 
Punit Goenka, Managing Director & Chief Executive Officer, ZEEL, said, “We are delighted to deliver a strong operating performance during the quarter. The slower growth in the last four quarters was due to specific events which required advertisers to recalibrate spends. As the impact of these factors is now behind us, ad spends have bounced back strongly and outlook remains encouraging. The recent cut in GST rates across a wide category of products should aid the growth."
 
"Our domestic ad revenue growth of 26% is a testimony to the fact that television continues new digital platform, Zee5, scheduled to be launched in February, will enable us to capture this growth," Punit Goenka said. 
 
ZEEL recently launched two channels -- Zee Telugu HD and Zee Cinemalu HD.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Zee Entertainment Enterprises Limited (ZEEL)Subhash Chandranet profitPunit Goenkaadvertising revenueMediaentertainment
RELATED NEWS
What makes one a celebrity? The answer is here! Zee Zest announces FIT FAB FEAST with Huma Qureshi - Check all key details What makes one a celebrity? The answer is here! Zee Zest announces FIT FAB FEAST with Huma Qureshi - Check all key details
ZEE5 launches ‘ZEE5 CLUB’ - Premium content for every Indian at a value price on offer ZEE5 launches ‘ZEE5 CLUB’ - Premium content for every Indian at a value price on offer
ZEE5, Dialog partners to provide largest bouquet of premium regional content to Sri Lanka ZEE5, Dialog partners to provide largest bouquet of premium regional content to Sri Lanka
Zee5 is growth driver; ad revenue from international market grew 40%: Punit Goenka, ZEEL Zee5 is growth driver; ad revenue from international market grew 40%: Punit Goenka, ZEEL
TRAI’s framework will provide customers wide range of choices; we support the order: Punit Mishra, ZEEL TRAI’s framework will provide customers wide range of choices; we support the order: Punit Mishra, ZEEL

LATEST NEWS

West Bengal election 2021: LIVE UPDATES! 75.93% voter turnout recorded till 5:24 pm; 4 people killed, 4 injured in firing incidents

$100 mn investment proposal in Hero Fincorp secured debt: What International Finance Corporation said?

CBSE exams 2021 cancellation demand: Board has big update for Class 10, 12 students

Stock Market Outlook: Nifty, Bank Nifty support range REVEALED; Anil Singhvi says global cues, corona cases and FIIs data will be crucial

MP Board Class 10, Class 12 admit card 2021 released; Know how to get it, correction window and other important details

Daily Covid-19 cases spike to new record, nears 1.5 lakh infection; Uddhav Thackeray calls all-party meet to review corona situation in Maharashtra

7th pay Commission: This is what Centre said about pending DA installments; staffers to get it by 'this' month

Indian Railways to provide service as per demand; 1402 specials, 5381 Suburban trains already in operation, says Railway Board chairman

Bihar schools, colleges and other educational institutes to remain closed till THIS date—what Nitish Kumar said

Gold Price outlook, correction, resistance and target—EXPLAINED! This is what Experts say about yellow metal in near to medium term

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved