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Last Updated : Jan 24, 2017 12:14 PM IST | Source: Moneycontrol.com

Zee Q3 net seen up 3%; demonetisation may impact ad revenues

During the period, EBIDTA may be up 4 percent at Rs 448 crore from Rs 430.2 crore while margin is likely to be at 28 percent versus 27 percent year-on-year.

 
 
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Zee is likely to see net profit rising 3 percent to Rs 282.62 crore in October-December from Rs 275 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, the media company's revenue may marginally gain 2 percent at Rs 1622 crore compared to Rs 1595 crore in year-ago period.


During the period, EBIDTA may be up 4 percent at Rs 448 crore from Rs 430.2 crore while margin is likely to be at 28 percent versus 27 percent year-on-year.


Revenue growth is expected to be at 2 percent at Rs 960 crore due to higher base and demonetisation impact. Around 50-60 percent of advertisers are FMCG players who were impacted due to demonetisation. Subscription revenue is likely to be up 14 percent at Rs 575 crore.

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Other factors
No sports events in q3, thus no sports revnues and no sports loss
Q3 won’t witness any revenues from movies business
EBITDA margin to improve by 100bps due to lower cost
Industry ad revenue growth to be flattish



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First Published on Jan 24, 2017 12:14 pm
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