Q4FY18 Result: ZEEL PAT drops by 85 per cent
Zee Entertainment Enterprises Limited reported its results for the quarter ended March 31, 2018. The company’s consolidated revenue for the quarter came in at Rs. 1,813 crore, registering 14.6 per cent yoy increase.
EBITDA for the quarter rose by 22.2 per cent yoy to Rs. 697 crore with a corresponding margin expansion of 241 bps. EBITDA margin for the quarter stood at 38.5 per cent. The PAT for the quarter came in at Rs. 231 crore, yoy decline of 84.8 per cent. It includes exceptional income of Rs. 1,223 crore, incurred in Q4FY17.
Looking at the full year numbers, we see that revenue jumped by 7 per cent to reach Rs. 7,126 crore while EBITDA rose by 30 per cent to Rs. 2,510 crore. The company reported net profit of Rs. 1,478 crore, down 33 per cent yoy.
During Q4FY18, company’s domestic ad revenue jumped by 24.9 per cent yoy whereas subscription revenue grew by 18.1 per cent yoy. The board has recommended a dividend of Rs. 2.90 per equity share for the face value of Rs. 1 each.
On Friday, the stock opened at Rs. 584.70 per share and touched an intra-day high of Rs. 598.50, on the BSE.