Q4FY21 Result Update - Zee Entertainment - ICICI Direct

Zee Entertainment's Q4FY21 operating performance was largely in line, albeit PAT was lower due to higher-than-expected tax expenses. Domestic advertisement revenue grew 8.9% YoY to Rs. 1070.4 crore while overall ad revenues grew 8.1% YoY on a depressed base in Q4. Domestic subscription grew 13.2% YoY (like to like growth of 5.6% YoY). EBITDA came in at Rs. 540.8 crore with margins at 27.5%. PAT came in lower than expected at Rs. 275.7 crore, due to higher-than-expected tax expenses and one-off impairment of digital publishing segment of Rs. 26.5 crore.

For details, click on the link below: Link to the report

Shares of ZEE ENTERTAINMENT ENTERPRISES LTD. was last trading in BSE at Rs.191.35 as compared to the previous close of Rs. 192.65. The total number of shares traded during the day was 707255 in over 4975 trades.

The stock hit an intraday high of Rs. 195 and intraday low of 189.25. The net turnover during the day was Rs. 135822135.

Source : Equity Bulls

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