 |
Results
03-Feb-22
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Zee Entertainment Enterprises
|
|
Consolidated PAT down 25% YoY to Rs 299 cr
|
|
|
|
|
On consolidated basis
Quarter
ended Dec 2021 compared with Quarter ended Dec 2020.Net sales (including other operating income) of Zee Entertainment Enterprises
has declined 22.60% to Rs 2112.64 crore.
Operating profit margin has declined
from 23.15% to 22.44%, leading to 24.98% decline in operating profit to Rs
473.98 crore. Employee cost increased from 7.60% to 10.10%.
Other expenses fell from 69.26% to 67.46%. Selling and
administration expenses rose from 6.59% to 10.80%. Other direct
service cost fell from 51.82% to 48.14%.
Other income fell 35.44% to Rs 17.8
crore. PBIDT fell 25.41% to Rs 491.78 crore. Provision
for interest rose 39.62% to Rs 2.96 crore.
PBDT fell 25.62% to Rs 488.82
crore. Provision for depreciation fell 8.87% to Rs 59.42
crore.
Profit before tax down 27.47% to Rs
429.40 crore. Provision for tax was expense of Rs 115.09 crore,
compared to Rs 193.74 crore. Effective tax rate was 27.79% compared
to 32.74%.
Net profit attributable to owners of
the company decreased 25.30% to Rs 298.73 crore.
Promoters’ stake was 3.99% as of 31
December 2021 ,compared to 4.02% as of 31 December 2020 . Promoters
pledged stake was 5.38% as of 31 December 2021 ,compared to 6.09% as of 31
December 2020 .
Year-to-date
(YTD) results analysis.
Net sales (including other operating
income) of Zee Entertainment Enterprises has increased 1.78% to Rs 5866.41
crore.
Operating profit margin has jumped
from 17.91% to 20.65%, leading to 17.36% rise in operating profit to Rs
1,211.56 crore. Employee cost increased from 10.48% to 11.00%.
Other expenses fell from 71.61% to 68.35%. Selling and
administration expenses rose from 8.10% to 11.10%. Other direct
service cost fell from 50.42% to 47.51%.
Other income fell 9.58% to Rs 83.06
crore. PBIDT rose 15.16% to Rs 1294.62 crore. Provision
for interest fell 10.94% to Rs 7.08 crore.
PBDT rose 15.35% to Rs 1287.54
crore. Provision for depreciation fell 11.87% to Rs 178.2
crore.
Profit before tax grew 21.37% to Rs
1,109.34 crore. Extraordinary items were increased to Rs -33.10
crore. Provision for tax was expense of Rs 302.52 crore, compared to
Rs 296.08 crore. Effective tax rate was 28.11% compared to 36.25%.
Minority interest decreased 140.82%
to Rs -8.79 crore. Net profit attributable to owners of the company
increased 49.26% to Rs 782.63 crore.
Promoters’ stake was 3.99% as of 31
December 2021 ,compared to 4.02% as of 31 December 2020 . Promoters
pledged stake was 5.38% as of 31 December 2021 ,compared to 6.09% as of 31
December 2020 .
| Zee Entertainment Enterprises : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,112.64 | 2,729.36 | -22.60 | 5,866.41 | 5,764.09 | 1.78 | 7,729.92 | 8,129.86 | -4.92 | | OPM (%) | 22.44 | 23.15 | -71 bps | 20.65 | 17.91 | 274 bps | 20.62 | 16.91 | 371 bps | | OP | 473.98 | 631.77 | -24.98 | 1,211.56 | 1,032.31 | 17.36 | 1,593.88 | 1,374.90 | 15.93 | | Other Inc. | 17.80 | 27.57 | -35.44 | 83.06 | 91.86 | -9.58 | 110.43 | 283.64 | -61.07 | | PBIDT | 491.78 | 659.34 | -25.41 | 1,294.62 | 1,124.17 | 15.16 | 1,704.31 | 1,658.54 | 2.76 | | Interest | 2.96 | 2.12 | 39.62 | 7.08 | 7.95 | -10.94 | 57.08 | 144.89 | -60.60 | | PBDT | 488.82 | 657.22 | -25.62 | 1,287.54 | 1,116.22 | 15.35 | 1,647.23 | 1,513.65 | 8.83 | | Depreciation | 59.42 | 65.2 | -8.87 | 178.2 | 202.19 | -11.87 | 264.92 | 270.64 | -2.11 | | PBT | 429.40 | 592.02 | -27.47 | 1109.34 | 914.03 | 21.37 | 1382.31 | 1243.01 | 11.21 | | Share of Profit/(Loss) from Associates | 0.07 | -0.27 | LP | 0.12 | -0.15 | LP | -0.1 | -2.4 | 95.83 | | PBT before EO | 429.47 | 591.75 | -27.42 | 1109.46 | 913.88 | 21.40 | 1382.21 | 1240.61 | 11.41 | | EO Income | -15.4 | 0 | - | -33.1 | -97.1 | 65.91 | -126.64 | -284.32 | 55.46 | | PBT after EO | 414.07 | 591.75 | -30.03 | 1076.36 | 816.78 | 31.78 | 1255.57 | 956.29 | 31.30 | | Taxation | 115.09 | 193.74 | -40.60 | 302.52 | 296.08 | 2.18 | 462.53 | 431.7 | 7.14 | | PAT | 298.98 | 398.01 | -24.88 | 773.84 | 520.7 | 48.62 | 793.04 | 524.59 | 51.17 | | Minority Interest (MI) | 0.25 | -1.9 | PL | -8.79 | -3.65 | -140.82 | -7.01 | -1.91 | -267.02 | | Net profit | 298.73 | 399.91 | -25.30 | 782.63 | 524.35 | 49.26 | 800.05 | 526.5 | 51.96 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 298.73 | 399.91 | -25.30 | 782.63 | 524.35 | 49.26 | 800.05 | 526.5 | 51.96 | | EPS (Rs)* | 3.23 | 4.16 | -22.52 | 8.40 | 6.11 | 37.50 | 9.17 | 7.11 | 28.89 | | | * EPS is on current equity of Rs 96.05 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
|
|
|
Previous News |
Zee Entertainment Enterprises standalone net profit declines 14.70% in the December 2023 quarter
(
Results
-
Announcements
14-Feb-24
07:45
)
|
|
|
Zee Entertainment Enterprises Ltd up for third straight session
(
Hot Pursuit
-
28-Nov-23
13:05
)
|
|
|
Zee Entertainment Enterprises
(
Results
-
Analysis
13-Aug-22
06:50
)
|
|
|
Zee Entertainment Enterprises Ltd soars 1.99%
(
Hot Pursuit
-
29-Apr-24
13:05
)
|
|
|
Zee Entertainment Enterprises reports standalone net profit of Rs 84.18 crore in the March 2024 quarter
(
Results
-
Announcements
17-May-24
17:32
)
|
|
|
Board of Zee Entertainment Enterprises recommends Final Dividend
(
Corporate News
-
17-May-24
16:19
)
|
|
|
Nifty June futures trade at premium
(
Market Commentary
-
Futures Market
13-Jun-23
16:28
)
|
|
|
ZEEL drops after SEBI bars ZEE's Subhash Chandra, Punit Goenka from holding directorial position
(
Hot Pursuit
-
13-Jun-23
11:09
)
|
|
|
ZEEL extends rally after Jhunjhunwala buys stake
(
Hot Pursuit
-
15-Sep-21
10:02
)
|
|
|
Zee Entertainment Enterprises AGM scheduled
(
Corporate News
-
27-Nov-23
10:32
)
|
|
|
Zee Entertainment Enterprises fixes record date for final dividend
(
Market Beat
-
Reports
12-Aug-22
18:09
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|