Zee Entertainment Enterprises Limited (ZEE) (BSE: 505537, NSE: ZEEL.EQ) today reported its fourth quarter fiscal 2016 consolidated revenue of Rs 15,316 million. The consolidated operating profit (EBITDA) for the quarter stood at Rs 4,136 million. PAT for the quarter was Rs 2,659 million. The EBITDA margin for the quarter stood at 27.0% and the PAT margin was 17.4%. For the full year FY16 consolidated revenue stood at Rs 58,515 million. The consolidated operating profit (EBITDA) for the year stood at Rs 15,096 million. PAT for the fiscal was Rs 10,289 million. The EBITDA margin stood at 25.8% and the PAT margin was 17.6%.
The Board of Directors in its meeting held today, has taken on record the unaudited consolidated financial results of ZEE and its subsidiaries for the quarter ended March 31, 2016.
Dr. Subhash Chandra, Chairman, ZEEL, stated, “The past year saw good economic growth in India despite most of the economies across the world not faring well. The government’s policies have finally begun to show results as witnessed in renewed industrial activity and sustained low inflation. Interest rate cuts, normal monsoon and continued reforms process will further help the economic growth momentum.”
Commenting on the results of the Company, Dr. Chandra added, “The results have once again shown that the Company is committed to the goal of profitable growth and enhancing shareholder wealth. The growth in the quarter has been satisfactory and the investment in the new channels has started showing results. We strive to seek out growth opportunities which will give sustainable long term growth. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”
Mr. Punit Goenka, Managing Director & Chief Executive Officer, ZEEL, commented, “I am happy to announce that our sustained growth momentum through the year continued in the fourth quarter as well and we have ended the year on a strong note. Our growth has been ahead of the market growth trajectory which is being reflected in the improving viewership share of our network. We continue to see strong growth in both existing and new products.
In the last quarter we launched OZEE which is a one stop destination for all ZEE content online. We understand that Digital will be a key part of our growth in the future and hence we are geared for expansion on that front as well. We also rebranded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience.
We would continue to innovate on the content front to serve our audiences. With the growth in consumption on digital platforms the content production has been democratized and it will lead to increase in content variety for the consumer. ZEE has a strong pedigree in the content creation business and we will continue to maintain and build on it.”
The results are also available on the company’s website www.zeetelevision.com .