Epic Research

Friday, July 26, 2013

Epic Update : Zee Entertainment



Zee Entertainment EnterprisesSubscription revenue up 16.5 percent at Rs 424 crore (YoY)
Ad Revenue up 18.5 percent at Rs 530 crore (YoY)
Ad Revenue higher than industry growth rate
Q1 consolidated total income up 15.5 percent at Rs 973 crore (YoY)
Q1 net profit up 42 percent at Rs 224.5 crore (YoY)
Can see redistribution of advertisement revenues going forward
Anticipate losses to continue for sports biz this year
Rupee depreciation has had negative impact on sports biz. 


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