On consolidated basis
Quarter ended June 2021 compared with Quarter ended June 2020.
Net sales (including other operating income) of Zee Entertainment Enterprises has increased 35.29% to Rs 1774.98 crore.
Operating profit margin has jumped from 8.20% to 18.83%, leading to 210.65% rise in operating profit to Rs 334.25 crore. Employee cost decreased from 15.25% to 12.85%. Other expenses fell from 76.55% to 68.32%. Selling and administration expenses rose from 8.47% to 10.04%. Other direct service cost fell from 50.14% to 48.81%.
Other income rose 27.29% to Rs 33.58 crore. Provision for interest fell 57.30% to Rs 1.93 crore.
Provision for depreciation fell 17.94% to Rs 58.96 crore. Profit before tax grew 432.79% to Rs 306.94 crore. Provision for tax was expense of Rs 94.47 crore, compared to Rs 28.37 crore. Effective tax rate was 31.15% compared to 49.21%.
Minority interest decreased 355.05% to Rs -4.96 crore. Net profit attributable to owners of the company increased 603.79% to Rs 213.74 crore.
Promoters' stake was 3.99% as of 30 June 2021 ,compared to 4.77% as of 30 June 2020 . Promoters pledged stake was 5.38% as of 30 June 2021 ,compared to 20.87% as of 30 June 2020 .
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