ZEE Q3 consolidated operating profit up 21.5% at Rs 3,533 million

Zee Entertainment Enterprises Limited (ZEE) on Wednesday reported its third quarter fiscal 2015 consolidated revenue of Rs 13,637 million.

Zee Media Bureau

New Delhi: Zee Entertainment Enterprises Limited (ZEE) on Wednesday reported its third quarter fiscal 2015 consolidated revenue of Rs 13,637 million.

The consolidated operating profit (EBITDA) for the quarter stood at Rs 3,533 million, recording a growth of 21.5 percent over corresponding period of previous fiscal. PAT for the quarter was Rs 3,065 million.

The EBITDA margin for the quarter stood at 25.9 percent and the PAT margin was 22.5 percent.

The advertising revenues for the quarter were Rs 7,426 million, recording a growth of 8.5 percent over Q3 FY14.

Subscription revenues were Rs 4,461 million for the quarter ended December 31, 2014. Consolidated operating revenues for the quarter stood at Rs 13,637 million.

The Board of Directors in its meeting held on Wednesday, has taken on record the unaudited
consolidated financial results of ZEE and its subsidiaries for the quarter ended December 31,
2014.

Dr Subhash Chandra, Chairman, ZEE, said, “The overall economic sentiment in India continues to remain positive post the formation of the new central government. GDP growth rate for the
first half of the fiscal has been a healthy 5.5 percent."

"The decline in oil prices globally should help in easing pressure on Indian economy in the form of reduced fiscal deficit and lower inflation. The recent rate cut by RBI is indicative of good times to come. The business sentiment has been improving over the past few months. We are hopeful that this improved economic environment is going to lead to sustained growth in the coming years. Media industry would also benefit from the improvement in economic environment. TV ad spends are likely to further improve in the forthcoming quarters,” he added.

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