On consolidated basis
Quarter ended March 2022 compared
with Quarter ended March 2021.
Net sales (including other operating income) of Zee Entertainment Enterprises
has increased 18.16% to Rs 2322.9 crore.
Operating profit margin has declined
from 28.57% to 21.82%, leading to 9.75% decline in operating profit to Rs
506.80 crore. Employee cost decreased from 10.90% to 9.42%.
Other expenses rose from 60.54% to 68.76%. Selling and
administration expenses rose from 7.62% to 9.17%. Other direct
service cost rose from 42.95% to 54.15%.
Other income rose 106.09% to Rs
38.27 crore. PBIDT fell 6.05% to Rs 545.07
crore. Provision for interest fell 22.55% to Rs 38.05
crore. Loan funds declined from Rs 423.12 crore as of 31 March 2021
to Rs 76.31 crore as of 31 March 2022. Inventories rose to Rs
6,386.24 crore as of 31 March 2022 from Rs 5,403.04 crore as of 31 March
2021. Sundry debtors were lower at Rs 1,737.47 crore as of 31 March
2022 compared to Rs 1,945.15 crore as of 31 March 2021. Cash and
bank balance rose to Rs 1,273.25 crore as of 31 March 2022 from Rs 1,090.67
crore as of 31 March 2021. Investments declined from Rs 798.29 crore
as of 31 March 2021 to Rs 65.13 crore as of 31 March 2022.
PBDT fell 4.52% to Rs 507.02
crore. Provision for depreciation rose 7.86% to Rs 67.65
crore. Fixed assets increased to Rs 967.27 crore as of 31 March 2022
from Rs 886.29 crore as of 31 March 2021. Intangible assets declined
from Rs 380.38 crore to Rs 344.97 crore.
Profit before tax down 6.18% to Rs
439.37 crore. Extraordinary items were decreased to Rs -100.20
crore. Provision for tax was expense of Rs 157.22 crore, compared to
Rs 166.44 crore. Effective tax rate was 46.36% compared to 37.93%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
decreased 34.02% to Rs 181.93 crore.
Equity capital stood at Rs 96.06
crore as of 31 March 2022 to Rs 96.06 crore as of 31 March 2021. Per
share face Value remained same at Rs 1.00.
Promoters’ stake was 3.99% as of 31
March 2022 ,compared to 3.99% as of 31 March 2021 . Promoters
pledged stake was 5.38% as of 31 March 2022 ,compared to 5.38% as of 31 March
2021 .
Full year results analysis.
Net sales (including other operating income) of Zee Entertainment Enterprises
has increased 5.94% to Rs 8189.31 crore.
Operating profit margin has jumped
from 20.62% to 20.98%, leading to 7.81% rise in operating profit to Rs 1,718.36
crore. Employee cost decreased from 10.59% to 10.55%.
Other expenses fell from 68.79% to 68.46%. Selling and
administration expenses rose from 7.98% to 10.55%. Other direct
service cost rose from 48.52% to 49.39%.
Other income rose 9.87% to Rs 121.33
crore. PBIDT rose 7.94% to Rs 1839.69 crore. Provision
for interest fell 20.94% to Rs 45.13 crore. Loan funds declined from
Rs 423.12 crore as of 31 March 2021 to Rs 76.31 crore as of 31 March
2022. Inventories rose to Rs 6,386.24 crore as of 31 March 2022 from
Rs 5,403.04 crore as of 31 March 2021. Sundry debtors were lower at
Rs 1,737.47 crore as of 31 March 2022 compared to Rs 1,945.15 crore as of 31
March 2021. Cash and bank balance rose to Rs 1,273.25 crore as of 31
March 2022 from Rs 1,090.67 crore as of 31 March 2021. Investments
declined from Rs 798.29 crore as of 31 March 2021 to Rs 65.13 crore as of 31
March 2022.
PBDT rose 8.94% to Rs 1794.56
crore. Provision for depreciation fell 7.20% to Rs 245.85
crore. Fixed assets increased to Rs 967.27 crore as of 31 March 2022
from Rs 886.29 crore as of 31 March 2021. Intangible assets declined
from Rs 380.38 crore to Rs 344.97 crore.
Profit before tax grew 12.04% to Rs
1,548.71 crore. Extraordinary items were decreased to Rs -133.30
crore. Provision for tax was expense of Rs 459.74 crore, compared to
Rs 462.53 crore. Effective tax rate was 32.48% compared to 36.84%.
Minority interest decreased 25.39%
to Rs -8.79 crore. Net profit attributable to owners of the company
increased 20.56% to Rs 964.56 crore.
Equity capital stood at Rs 96.06
crore as of 31 March 2022 to Rs 96.06 crore as of 31 March 2021. Per
share face Value remained same at Rs 1.00.
Promoters’ stake was 3.99% as of 31
March 2022 ,compared to 3.99% as of 31 March 2021 . Promoters
pledged stake was 5.38% as of 31 March 2022 ,compared to 5.38% as of 31 March
2021 .
Cash flow from operating activities
decreased to Rs 271.44 crore for year ended March 2022 from Rs 1,547.69 crore
for year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 236.13 crore, compared to Rs
205.99 crore during the year ended March 2021.
Dividend: The Board of Directors have recommended dividend of Rs 3/-
equity share of Rs 1/- each.
| Zee Entertainment Enterprises : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,322.90 | 1,965.82 | 18.16 | 8,189.31 | 7,729.92 | 5.94 | | OPM (%) | 21.82 | 28.57 | -675 bps | 20.98 | 20.62 | 36 bps | | OP | 506.80 | 561.57 | -9.75 | 1,718.36 | 1,593.88 | 7.81 | | Other Inc. | 38.27 | 18.57 | 106.09 | 121.33 | 110.43 | 9.87 | | PBIDT | 545.07 | 580.14 | -6.05 | 1,839.69 | 1,704.31 | 7.94 | | Interest | 38.05 | 49.13 | -22.55 | 45.13 | 57.08 | -20.94 | | PBDT | 507.02 | 531.01 | -4.52 | 1,794.56 | 1,647.23 | 8.94 | | Depreciation | 67.65 | 62.72 | 7.86 | 245.85 | 264.92 | -7.20 | | PBT | 439.37 | 468.29 | -6.18 | 1548.71 | 1382.31 | 12.04 | | Share of Profit/(Loss) from Associates | -0.02 | 0.05 | PL | 0.1 | -0.1 | LP | | PBT before EO | 439.35 | 468.34 | -6.19 | 1548.81 | 1382.21 | 12.05 | | EO Income | -100.2 | -29.54 | -239.20 | -133.3 | -126.64 | -5.26 | | PBT after EO | 339.15 | 438.8 | -22.71 | 1415.51 | 1255.57 | 12.74 | | Taxation | 157.22 | 166.44 | -5.54 | 459.74 | 462.53 | -0.60 | | PAT | 181.93 | 272.36 | -33.20 | 955.77 | 793.04 | 20.52 | | Minority Interest (MI) | 0 | -3.37 | - | -8.79 | -7.01 | -25.39 | | Net profit | 181.93 | 275.73 | -34.02 | 964.56 | 800.05 | 20.56 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 181.93 | 275.73 | -34.02 | 964.56 | 800.05 | 20.56 | | EPS (Rs)* | 2.45 | 3.06 | -19.92 | 10.99 | 9.17 | 19.83 | | | * 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 |
|
|