Zee Media Bureau
Mumbai: Zee Entertainment Enterprises Limited on Friday reported its second quarter fiscal 2015 consolidated revenue of Rs 11,178 million.
The consolidated operating profit (EBITDA) for the quarter stood at Rs 3,205 million, recording a growth of 3.2 percent over corresponding period of previous fiscal.
PAT for the quarter was Rs 2,270 million. The EBITDA margin for the quarter stood at 28.7 percent and the PAT margin was 20.3 percent.
"Our quarterly performance has been satisfactory. It has been a mixed quarter as far as television industry advertising spends is concerned. Even though the overall economic sentiments was positive during the quarter, it translated into increased advertising spend only during the fag end of the quarter," ZEEL Chairman Subhash Chandra said.
On the outlook, Chandra said, "Our expectation is that advertising spends will continue to increase during the rest of the year. Our performance in the quarter reflects the industry wide trend."
Advertising revenues for the quarter were Rs 6,259 million, recording a growth of 7.3 percent over Q2 FY14. Excluding sports business, advertising revenues growth is in low teens.
The company's shares closed at Rs 322.55 per scrip on the BSE, up 3.10 percent from their previous close.
