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Net Sales are expected to increase by 7.5 percent Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 170.9 crore, according to Prabhudas Lilladher.
Zee Media Corporation reported a subdued set of Q2 earnings with margins down to almost 17 percent. In an interview to CNBC-TV18, Sumit Kapoor, CFO of the company spoke about the results and his outlook going ahead.
Zee Media Corporation reported a steady set of numbers and margins improved but operating costs were higher. In an interview to CNBC-TV18, Sumit Kapoor, CFO of the company spoke about the results and his outlook going forward.
In an interview to CNBC-TV18, Sumit Kapoor, CFO, Zee Media Corporation spoke about the results and his outlook for the company.
The company has clocked a net profit of Rs 18.3 crore against a loss of Rs 7.2 crore in the same quarter last fiscal and the EBITDA margins have increased 16.9 percentage points to 25.9 percent year-on-year.
Zee Entertainment‘s advertising revenue grew 3% to Rs 61.4 crore against Rs 59.6 crore (Y-o-Y) and the subscription revenue rose by 8.4% to Rs 27 cr against Rs 25 crore on a quarter-on-quarter basis.
Zee News posted a net loss of Rs 4 crore in Q4FY12 as against profit after tax of Rs 6.6 crore in a year ago period and PAT of Rs 10 crore in Q3FY12.
What is most interesting about the Q2 results of Zee News is that the company has managed to clock advertising revenue growth of 19.5% despite a weak environment. Speaking to CNBC-TV18, Barun Das, chief executive officer, ZEE news says that the ad growth is not encouraging except for the festive season.
In an exclusive interview with CNBC-TV18, Barun Das, CEO of Zee News says the company is confident of outgrowing the market by "5% TO 10% in FY12. He says the group is likely "to maintain the EBITDA margin between 18% and 20%.”
In an interview with CNBC-TV18, Barun Das, CEO of Zee News, spoke about the results and his outlook for the company.