Zee Entertainment Q4 2024 Results: Consolidated PAT up 107% while revenue up by 2.77% on a YOY basis

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 17th May 2024 - 06:21 pm

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Synopsis:

Zee Entertainment Enterprises Limited announced its quarterly results for March 2024 on 17th May. It reported a consolidated PAT of ₹13.35 Cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 2.77% on a YOY basis reaching ₹ 2185.29 cr. The company also declared a ₹ 1 per share dividend.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 2.77% on a YOY basis, reaching ₹ 2185.29 Cr from ₹ 2126.35 cr in Q4 FY2023. The quarterly consolidated revenue was up by 5.40%. Zee Entertainment reported a consolidated PAT of ₹ 13.35 cr for Q4 FY2024 against a loss of ₹ 196.03 Cr in Q4 FY2023, which is an improvement of 106.81%. On a quarterly basis, the consolidated PAT was down by 77.20%.

 

Zee Entertainment Enterprises Limited

Revenue

Q4 FY24

 

Q3 FY24

 

Q4 FY23

2,185.29

 

2,073.36

 

2,126.35

 

 

 

 

 

% Change

 

 

5.40%

 

2.77%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT

Q4 FY24

 

Q3 FY24

 

Q4 FY23

113.97

 

82.14

 

-46.89

 

 

 

 

 

% Change

 

 

38.75%

 

343.06%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

5.22

 

3.96

 

-2.21

 

 

 

 

 

% Change

 

 

31.64%

 

336.50%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT (₹ Cr)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

13.35

 

58.54

 

-196.03

 

 

 

 

 

% Change

 

 

-77.20%

 

106.81%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

0.61

 

2.82

 

-9.22

 

 

 

 

 

% Change

 

 

-78.36%

 

106.63%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

Q4 FY24

 

Q3 FY24

 

Q4 FY23

0.12

 

0.56

 

-0.75

 

 

 

 

 

% Change

 

 

-78.57%

 

116.00%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

 

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 141.43 cr compared to ₹ 47.79 cr in FY 2023, up by 195.94%. For FY 2024, its consolidated total revenue stood at ₹ 8766.48 cr compared to ₹ 8167.62 cr in FY 2023, up by 7.33%.

Rail Vikas Nigam announced a dividend of ₹ 1 per share. Its EBITDA margin was 10.40% at ₹ 9071 cr.

Zee’s domestic advertising revenue increased by 10.6% YoY to ₹ 1110.2 cr with the recovery in the advertising segment and higher spending by FMCG clients. While its network share increased to 17.10% for FY2024.

Zee’s streaming platform launched 16 new movies and shows in the March quarter. The revenue for OTT also witnessed an increase and reached ₹ 919.50 cr. While the revenue of Zee5 increased by 24% in FY 2024.

The streaming platform released 16 shows and movies released in Q4.

About Zee Entertainment Enterprises Limited

Zee Entertainment Enterprises Limited (ZEEL), originally launched as Zee Telefilms in 1991, is a major Indian media conglomerate headquartered in Mumbai. It operates various television channels worldwide, including popular brands like Zee TV, Zee Cinema, and Zing, along with regional channels such as Zee Marathi and Zee Bangla. The company is also involved in film production and distribution through Zee Studios, music publishing via Zee Music Company, and digital streaming through its OTT platform, ZEE5

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