Total Income has increased from Rs. 14439.00 mn for the quarter ended December 31, 2014 to Rs. 16240.60 million for the quarter ended December 31, 2015.
Q3 HIGHLIGHTS
Advertising revenues for the quarter were Rs 9,419 million, recording a growth of 26.8% over Q3 FY15. During the quarter, domestic advertising revenues stood at Rs 8,607 Mn while international advertising revenues stood at Rs 812 Mn
Subscription revenues were Rs 5,218 million for the quarter ended December 31, 2015 recording a growth of 17% over Q3 FY15. During the quarter, domestic subscription revenues stood at Rs 4,188 million while international subscription revenues stood at Rs
1,030 mn.
Consolidated operating revenues for the quarter stood at Rs 15,951 million, recording a growth of 17% as compared to the corresponding quarter last fiscal.
Operating profit (EBITDA) for the quarter stood at Rs 4,302 mn. EBITDA Margin stood at 27.0%.
Profit after Tax (PAT) for the quarter ended December 31, 2015 was Rs 2,744 million. PAT Margin stood at 17.2%
Dr. Subhash Chandra, Chairman, ZEE, stated, “With its steadily improving economic scenario India has outperformed major emerging economies globally. India’s domestic growth momentum continues to be healthy. New initiatives being planned by the government on both
investment and policy front are likely to fuel economic growth in the coming quarters. Media industry is also expected to benefit in this improved economic scenario through higher advertisement and subscription revenues.”
Commenting on the results of the Company, Dr. Chandra added, “ZEE saw an impressive performance in the third quarter. We grew ahead of the market through improved performance of our existing channels as well as new channels. Our vision is to provide long term sustainable
growth to our shareholders. Our investments continue to provide us with positive results. We will continue to identify and pursue profitable investment opportunities that will enable us to join the ranks of world’s leading media companies and become the first Indian media company to
do so.”
Punit Goenka, Managing Director & Chief Executive Officer, ZEE, commented, “Continuing in line with our robust performance in the previous few quarters we have witnessed steady growth in the third quarter of fiscal 2016 as well. The advertisement market growth continued
its upward trajectory this quarter further aiding our growth while the subscription market witnessed steady growth as well. This quarter saw the rollout of BARC in the rural areas which demonstrated the strength of our channels in the hinterlands of the country.”
Speaking about the outlook of the business, Goenka continued, “With more than 210,000 hours of content ZEE is the leading content player in the Indian TV industry offering quality entertainment to audiences both home and abroad. Our chief focus will remain on creating innovative and high quality entertainment that can be delivered to audiences across consumption platforms. We believe that providing excellent content will remain key for monetizing revenues, from both advertising and subscription standpoint. Going forward, we will further enhance our offerings on various platforms.
