Zee Entertainment in focus after Q4 results

Zee Entertainment Enterprises' (Zee) consolidated net profit rose 12.93% to Rs 260.61 crore on 12.39% growth in total income to Rs 1577.37 crore in Q4 March 2016 over Q4 March 2015. Advertising revenue rose 29.1% to Rs 864.50 crore in Q4 March 2016 over Q4 March 2015. Subscription revenue rose 16.4% to Rs 594.40 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 52.8% to Rs 413.60 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Zee's board of directors at its meeting held yesterday, 10 May 2016, has taken on record the conclusion of acquisition of 49% equity stake in Fly By Wire International (FBW). It may be recalled that Zee had in March this year announced the acquisition of 100% equity stake in FBW which is engaged in aircraft charter services under a NSOP license from Director General of Civil Aviation (DGCA). At that time, Zee said that it initially proposes to acquire 49% equity stake in FBW and the balance 51% equity stake shall be acquired within 5 days of receipt of approval from Ministry of Civil Aviation. The process is expected to be completed by mid-July 2016, Zee said at that time.

Kotak Mahindra Bank and Asian Paints will announce their January-March 2016 quarter results today, 11 May 2016.

NTPC after market hours yesterday, 10 May 2016, announced the commissioning of a 200 megawatts (MW) solar power project at Anantapuram.

Kirloskar Brothers' net profit fell 41.46% to Rs 21.09 crore on 7.71% decline in net total income from operations to Rs 502.37 crore in Q4 March 2016 over Q4 March 2015. The decline in bottom line during the quarter would have been worse if not for a sharp surge in other income or non-operational income. Other income jumped 224.69% to Rs 10.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Automotive Axles' net profit surged 119.39% to Rs 10.86 crore on 21.89% growth in net total income from operations to Rs 311.79 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

SKF India's net profit declined 0.11% to Rs 51.18 crore on 0.26% growth in net total income from operations to Rs 587.81 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Radico Khaitan's net profit declined 0.87% to Rs 14.77 crore on 9.97% growth in net total income from operations to Rs 377.64 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

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