Zee Entertainment Enterprises Limited
Zee Entertainment Enterprises, founded in 1982 by Subhash Chandra, is a prominent player in the Indian and global media industry. The company operates in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content, including programs, film rights, feeds, and music rights. Zee Entertainment has a presence in over 190 + countries and connects with more than 1.3 billion viewers globally. The company offers content across various genres, languages, and platforms.
Key Areas
- Broadcast Business
- Digital Business
- Movies
- Music
- Live Events
Shareholding Pattern
- PUBLIC GROUP
- PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 8,637 | 8,088 | 8,186 |
| Sales Growth % | 6.79% | -1.19% | 5.90% |
| Expenses | 7,726 | 6,981 | 6,409 |
| Operating Profit | 911 | 1,107 | 1,777 |
| OPM % | 11% | 14% | 22% |
| Net Profit | 141 | 48 | 956 |
| EPS in Rs | 1.47 | 0.5 | 10.04 |
Synopsis of Financials
- FY24 was challenging due to macroeconomic headwinds, but Q4 displayed positive growth.
- Ad revenue saw a healthy increase on a quarter-on-quarter and year-on-year basis, driven by FMCG sector recovery.
- Subscription revenue continued to grow steadily, with expectations of sustained growth in FY25.
- Other sales and services grew at 31.5% YoY in FY24.
- Zee5 revenues were up 24.1% in FY24, with a focus on optimizing cost structure for sustainable growth.
Final Outlook
Zee Entertainment Enterprises Limited (ZEEL) has demonstrated a remarkable turnaround in its financial performance for the March quarter of FY24, reporting a profit of Rs 13 crore, compared to a loss of Rs 196 crore in the same period last year. This positive shift highlights ZEEL’s resilience and effective management strategies. Additionally, the company has maintained an impressive dividend payout of 301%, reinforcing its commitment to delivering value to its shareholders.
ZEEL is a strong buy recommendation for investors due to its potential for growth, which is highlighted by the significant improvement in its financial performance in FY2024. as it projects ZEE’s consolidated revenue to expand 10.6% YoY to Rs 2,190 crore in Q1, driven by a 63% increase in production revenues, a 9.8% YoY increase in subscription revenue at Rs 990 crore, and a generally flat YoY increase in advertisement revenue at Rs 977 crore. ZEE’s EBITDA is predicted to increase by 47% YoY to Rs 227 crore in Q1FY25.
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