Zee Entertainment said the company gave Rs 700 crore worth of unsecured interest-free deposits in FY19
Zee Entertainment Enterprises' fourth-quarter net profit increased 26.8 percent to Rs 292.5 crore, beating analyst estimates on every parametres.
Profit in the same quarter last year stood at Rs 230.6 crore.
Revenue from operations grew 17 percent to Rs 2,019 crore in the quarter ended March 2019, against Rs 1,725.3 crore in the same period last fiscal, Zee said in its filing.
Advertising revenue in Q4 increased 16 percent to Rs 1,217.5 crore YoY, it added.
On the operating front, earnings before interest, tax, depreciation and amortisation (EBITDA) rose 12.3 percent year-on-year to Rs 568.3 crore, but margin fell 120 bps to 28.1 percent in Q4.
Zee Entertainment said the company gave Rs 700 crore worth of unsecured interest-free deposits in FY19.
Overall numbers were ahead of analyst estimates. A CNBC-TV18 poll estimate for profit was Rs 264 crore on revenue of Rs 1,884 crore and EBITDA was expected at Rs 505 crore with margin at 26.8 percent for the quarter.The stock closed at Rs 361.05, down Rs 14.85, or 3.95 percent on the BSE.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.