Zee Entertainment Enterprises Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Zee Entertainment Enterprises Ltd reported a 1.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.9%.
- Its expenses for the quarter were down by 1.4% QoQ and 10.2% YoY.
- The net profit decreased 21.9% QoQ and increased 179.5% YoY.
- The earnings per share (EPS) of Zee Entertainment Enterprises Ltd stood at 1.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2013.30 | 2034.40 | 2073.36 | -1.0% | -2.9% |
Total Expenses | 1734.70 | 1759.00 | 1930.98 | -1.4% | -10.2% |
Profit Before Tax | 197.70 | 286.30 | 82.04 | -30.9% | 141.0% |
Tax | 34.20 | 76.90 | 28.80 | -55.5% | 18.8% |
Profit After Tax | 163.60 | 209.40 | 58.54 | -21.9% | 179.5% |
Earnings Per Share | 1.70 | 2.20 | 0.60 | -22.7% | 183.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Zee Entertainment Enterprises Ltd is a prominent media and entertainment company in India. It is known for its extensive portfolio of television channels, digital content, and film production. The company operates across various genres, including general entertainment, movies, music, lifestyle, and regional content. Zee Entertainment has been a significant player in the industry, offering a wide array of content to cater to diverse audiences. The company's digital platform, ZEE5, has expanded its reach, providing subscribers with a variety of content in multiple languages. As of the data available, there are no recent major developments highlighted.
Revenue
During Q3FY25, Zee Entertainment Enterprises Ltd reported a total income of ₹2013.30 crores. This represents a slight decrease of 1.0% quarter-over-quarter from ₹2034.40 crores in Q2FY25 and a 2.9% decrease year-over-year from ₹2073.36 crores in Q3FY24. The decrease in total income on both a quarterly and yearly basis reflects a contraction in revenue streams for the company in this period. The company's performance in terms of revenue has experienced minor fluctuations, indicating a period of adjustment or transition.
Profitability
Zee Entertainment's profitability metrics for Q3FY25 reveal a profit before tax of ₹197.70 crores, which is a notable decline of 30.9% from ₹286.30 crores in the previous quarter (Q2FY25). However, this figure marks a significant improvement of 141.0% compared to the profit before tax of ₹82.04 crores in Q3FY24. The tax expense for Q3FY25 stood at ₹34.20 crores, considerably lower by 55.5% from Q2FY25 and slightly higher by 18.8% year-over-year. Consequently, the profit after tax for Q3FY25 was ₹163.60 crores, which is 21.9% lower QoQ but 179.5% higher YoY. Earnings per share for the quarter were ₹1.70, compared to ₹2.20 in Q2FY25 and ₹0.60 in Q3FY24, reflecting a 22.7% decline QoQ and a 183.3% increase YoY.
Operating Metrics
The total expenses for Zee Entertainment in Q3FY25 were reported at ₹1734.70 crores, which is a reduction of 1.4% from ₹1759.00 crores in Q2FY25 and a more substantial decrease of 10.2% from ₹1930.98 crores in Q3FY24. This reduction in expenses indicates a potential focus on cost management or operational efficiency within the company. The overall trend in operating metrics shows a decrease in expenses and changes in profitability that correspond to the revenue shifts observed in the same period. These financial metrics highlight the company's efforts and challenges in maintaining its operational effectiveness amidst varying market conditions.
