Zee Entertainment Enterprises Limited
NSE Symbol ZEEL
STAND ALONE RESULTS
ZEE ENTERTAINMENT has declared its stand Alone Results for the 3rd quarter ending 31,Dec, 2010.
NET SALES is Rs.595 Cr – up by 18.78% from Q2; Up by 31.45% from Q1; Up by 37.22% from Q4 of FY10; and Up by 83.79% from Q3 FY10.
Profit from operations is Rs.223 Cr – up by 0.13% from Q2; up by 13.48 from Q1; Up by 51.39 from Q4 of FY10; up by 41.18% from Q3 of FY10.
Net Profit is Rs.168 Cr – up by 6.82% from Q2; up by 0.41 from Q1; up by 56.55% from Q4 of FY10; Up by 13.8% from Q3 of FY10.
Paid Up Equity has increased to Rs.97.81 cr from last quarter’s Rs.48.90 cr.
Basic EPS is Rs.1.72 on enhanced Equity – compared to Rs.3.22 in Q2 (on earlier lower equity); Rs.2.86 in Q1; Rs.2.22 in Q4 of FY10; and Rs.3.41 in Q3 of FY 10.
STAND ALONE RESULTS IN FIGURES :
| ZEEL | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 59504 | 50098 | 45267 | 43364 | 32376 |
| DIF %1 | 595 | 18.78 | 31.45 | 37.22 | 83.79 |
| Raw Materials | 25563 | 15459 | 13827 | 15963 | 9447 |
| Employees Cost | 4101 | 4075 | 2832 | 3926 | 1537 |
| Depreciation | 496 | 431 | 282 | 344 | 245 |
| Other Expenditure | 7092 | 7910 | 8718 | 8433 | 5386 |
| Total Expenditure | 37252 | 27875 | 25659 | 28666 | 16615 |
| Profit from Operations | 22252 | 22223 | 19608 | 14698 | 15761 |
| DIF %2 | 223 | 0.13 | 13.48 | 51.39 | 41.18 |
| Other Income5 | 1802 | 1581 | 1412 | 2476 | 2770 |
| Interest | 49 | 327 | 43 | 429 | 290 |
| Profit before tax | 24005 | 23477 | 23883 | 16745 | 18241 |
| Tax expense | 7174 | 7721 | 7120 | 5994 | 3451 |
| Net Profit | 16831 | 15756 | 16763 | 10751 | 14790 |
| DIF %3 | 168 | 6.82 | 0.41 | 56.55 | 13.8 |
| Dividend (%) | - | - | 60 | 200 | - |
| Face Value.Rs | 1 | 1 | 0 | 1 | 1 |
| Paid Up Equity | 9781 | 4890 | 4845 | 4340 | 4340 |
| Basic EPS | 1.72 | 3.22 | 2.86 | 2.22 | 3.41 |
| Public holding (%) | 57.22 | 57.2 | 57.2 | 58.5 | 58.5 |
CONSOLIDATED RESULTS
Net Sales of Rs. 82488 lacs for Q/E on 31-DEC-2010 against Rs. 71157 lacs for the quarter ending on 30-SEP-2010.
Net Profit / (Loss) of Rs. 15545 lacs for Q/E on 31-DEC-2010 against Rs. 12630 lacs for the quarter ending on 30-SEP-2010.
Highlights
Total revenues were Rs 8,249 million for the quarter ended December 31, 2010, recording a growth of 55% as compared to the corresponding period last fiscal.
Advertising revenues were Rs 4,398 million and subscription revenues were Rs 2,818 million for the quarter ended December 31, 2010. While advertising revenues increased by 62%, subscription revenues showed an increase of 14% as compared to the corresponding period last fiscal. Subscription revenues from domestic DTH were Rs 821 million during this quarter, an increase of 30% over 3Q FY2010.
Operating profit (EBITDA) for the quarter ended December 31, 2010 was Rs 2,242 million, an increase of 43% as compared to the corresponding period last fiscal. Operating profit margin during the quarter stood at 27.2%.
Profit after Tax before extraordinary items stood at Rs 1,554 million for the quarter ended December 31, 2010, recording a growth of 35% as compared to the corresponding period last fiscal.
The numbers as published are after consolidating the financials of Taj TV Limited (Taj).
The Board of Directors in its meeting held today, has taken on record the unaudited consolidated financial results of ZEEL and its subsidiaries for the quarter ended December 31, 2010.
The numbers of the third quarter fiscal 2011 include financial results of Regional General Entertainment Channel business (R-GEC) acquired from Zee News Limited (ZNL).
The R-GEC business was acquired w.e.f. January 1, 2010. 9X business undertaking of 9X Media Pvt Ltd and ETC Networks Ltd were also merged with the Company w.e.f. March 31, 2010.
Post the merger of ETC Networks Ltd with ZEEL the entire education business undertaking of ZEEL was demerged into a new listed company, Zee Learn Limited w.e.f. April 01, 2010.
Hence, the numbers for this quarter are not comparable with those of the corresponding quarter last fiscal.
Mr. Subhash Chandra, Chairman, stated, “We are pleased to see continuing buoyancy in media spends in India. A rapid adoption of satellite based television services via DTH proves that consumers are opting for better digital technology. This augurs well for the television industry, both for content owners and for DTH industry. While DTH has shown the way in leading the adoption of digital technology, cable has not been able to match the pace. During the nine months ended December 2010, India added 9.6 million digital homes on DTH alone, and the DTH subscriber base has gone upto 30.6 million homes.”
Commenting on the third quarter results of the Company, Mr. Chandra added “While the competition has intensified in the Indian television segment, our performance remained steady across genres and across languages. Our investments in sports genre have continued during the quarter.”
Mr. Punit Goenka, Managing Director and Chief Executive Officer, ZEEL, commented, “The performance of Zee Network has been satisfactory on all parameters, despite intensified competition in the Hindi entertainment segment. During the quarter, our advertising revenues have grown by 62%, and we have seen healthy growth in cable revenues. DTH revenues also continued to grow, reflecting a growing adoption of digital DTH services.” Speaking on the regional television landscape, Mr. Goenka said, “We continue to see robust growth in the regional segment. While we continued to lead the Marathi genre strongly with 33 of the top 50 shows, we managed to gain market share in the Bangla genre from an average of 271 GRPs in the second quarter of this fiscal to an average of 383 GRPs during the current quarter.” Elaborating on the sports business, Mr. Goenka added, “We had a sports heavy calendar during the quarter including several soccer properties and multiple cricket properties showcased on our channels. It included the cricket matches played by South Africa vs Pakistan, Sri Lanka vs West Indies and India vs South Africa tests. This has resulted in an increase in our operating cost on account of Sports.”
| Third quarter | % Growth | ||||
| (Rs million) | FY2011 | FY2010 | Y o Y | ||
| Operating Revenues | 8,249 | 5,309 | 55.4% | ||
| Expenditure | 6,007 | 3,737 | 60.8% | ||
| Operating profit (EBITDA) | 2,242 | 1,572 | 42.6% | ||
| Add: Other Income | 232 | 323 | -28.2% | ||
| Less: Depreciation | 78 | 76 | 2.6% | ||
| Less: Finance Expenses | 24 | 65 | -63.1% | ||
| PBT before extraordinary items (Provision for tax) | 2,372 | 1,754 | 35.2% | ||
| Add: Extraordinary Items | 0 | 313 | -100.0% | ||
| Less: Provision for Tax | 818 | 603 | 35.7% | ||
| Profit After Tax | 1,554 | 1,464 | 6.1% | ||
| Minority Interest (Share of losses) | (45.4) | (100) | |||
ANNOUNCEMENTS
TO THE EXCHANGE
14-01-2011 Zee Entertainment Enterprises Limited has informed the Exchange that the Board of Directors of the Company at the meeting held on January 14, 2011: a) Approved a Scheme of Amalgamation for merger of two (2) wholly owned overseas subsidiaries of the Company viz. ZES Holdings Ltd, Mauritius and Zee Multimedia Worldwide Ltd, BVI with the Company, at nil consideration, with the Appointed Date as February 1, 2011. The aforesaid Scheme of Amalgamation shall be subject to requisite statutory / regulatory approvals at respective jurisdictions, including approval Hon'ble High Court of Bombay.
14-01-2011 Zee Entertainment Enterprises Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 59504 lacs for quarter ending on 31-DEC-2010 against Rs. 50098 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 16831 lacs for the quarter ending on 31-DEC-2010 against Rs. 15756 lacs for the quarter ending on 30-SEP-2010.
14-01-2011 Zee Entertainment Enterprises Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 82488 lacs for quarter ending on 31-DEC-2010 against Rs. 71157 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 15545 lacs for the quarter ending on 31-DEC-2010 against Rs. 12630 lacs for the quarter ending on 30-SEP-2010.
02-11-2010 Zee Entertainment Enterprises Limited has informed the Exchange vide its letter dated October 29, 2010 regarding "Cost of Acquisition release in connection with Demerger of Education Business Undertaking of the Company into Zee Learn Limited."
29-10-2010 Zee Entertainment Enterprises Limited has informed the Exchange that November 12, 2010 has been fixed as record date for the purpose of determination of members of the Company, who would be eligible for issuance of Bonus Equity Share in the ratio of 1(one) Equity share of Re.1 each for 1 (one) Equity Share of Re.1 each held in the Company. -
28-10-2010 Zee Entertainment Enterprises Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 50098 lacs for quarter ending on 30-SEP-2010 against Rs. 45267 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 15756 lacs for the quarter ending on 30-SEP-2010 against Rs. 16763 lacs for the quarter ending on 30-JUN-2010.
* * * E N D * * *
No comments:
Post a Comment