Zee Entertainment Enterprises rose 3.14% to Rs 489.45 at 09:18 IST on BSE after consolidated net profit rose 21.76% to Rs 216.96 crore on 14.74% increase in total income to Rs 1531.80 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 26 July 2016.Meanwhile, the BSE Sensex was up 98.54 points, or 0.35%, to 28,075.06
On BSE, so far 59,403 shares were traded in the counter, compared with an average volume of 1.10 lakh shares in the past one quarter. The stock hit a high of Rs 493.65 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 485 so far during the day. The stock hit a 52-week low of Rs 347 on 24 August 2015.
The large-cap company has an equity capital of Rs 96.04 crore. Face value per share is Re 1.
Zee Entertainment Enterprises' consolidated operating revenues rose 18.5% to Rs 1571.60 crore in Q1 June 2016 over Q1 June 2015. Advertising revenues rose 19.2% to Rs 912 crore in Q1 June 2016 over Q1 June 2015. During the quarter, domestic advertising revenues stood at Rs 841.50 crore while international advertising revenues stood at Rs 70.50 crore. Subscription revenues rose 14.2% to Rs 528.20 crore in Q1 June 2016 over Q1 June 2015. During the quarter, domestic subscription revenues stood at Rs 417.90 crore while international subscription revenues stood at Rs 110.30 crore.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 44.1% to Rs 453.20 crore in Q1 June 2016 over Q1 June 2015. EBITDA margin rose sharply to 28.83% in Q1 June 2016 from 23.71% in Q1 June 2015.
The company has adopted Indian Accounting Standards (Ind-AS) reporting methodology for reporting its financials commencing Q1 June 2016. Like-to-like financials for previous quarters (Q1 June 2015) have been restated accordingly.
Commenting on the results, Subhash Chandra, Chairman, Zee Entertainment Enterprises said that the advertising and subscription revenues continue to drive the company's growth.
Zee Entertainment Enterprises is one of India's leading television media and entertainment companies.
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