X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Zee Ent. 2QFY08: First cut - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Zee Ent. 2QFY08: First cut

Oct 23, 2007

Performance summary
  • Revenues grow by 14 % YoY due to 28% increase in advertisement revenue and 10% increase in subscription revenue.
  • Operating profit margin improved to 33.1% from 6.2% in 2QFY07 on the back of 19% YoY decline in expenses.

  • PAT grows by 362% YoY led by the strong performance at the operating level and better operating leverage.

  • Average channel share of the flagship channel ‘Zee TV’ increased to 30% within the general entertainment genre, from 25% in the previous quarter.

(Rs m) 2QFY07 2QFY08 Change 1HFY07 1HFY08 Change
Net Sales 3,496 3,986 14.0% 6,391 7,902 23.6%
Expenditure 3,279 2,665 -18.7% 5,512 5,384 -2.3%
Operating profit 217 1,321 507.5% 879 2,518 186.4%
Operating profit margin (%) 6.2% 33.1%   13.8% 31.9%  
Other income 152 225 48.3% 298 438 46.7%
Depreciation 51 55 8.8% 102 122 19.0%
Interest 34 85 147.8% 143 203 41.7%
Profit before tax 284 1,405 395.3% 932 2,630 182.4%
Tax 74 435 490.4% 182 847 364.3%
Profit after tax 210 971 362.0% 749 1,784 138.1%
Minority Interest (12) 46   1 88 14483.3%
Net Profit after Minority interest 222 925 316.1% 749 1,696 126.6%
No of shares (m) 425.5 433.3   425.5 433.3  
Diluted earnings per share (Rs)*         7.7  
Price to earnings ratio (x)*         44.81  
* Based on trailing 12-months

What to expect?
At the current price of Rs 345 the stock is trading at 45 times trailing 12-month earnings. We shall put up a detailed analysis of the results post the conference call scheduled tomorrow.

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

ZEE ENTERTAINMENT SHARE PRICE


Dec 14, 2018 (Close)

TRACK ZEE ENTERTAINMENT

  • Track your investment in ZEE ENTERTAINMENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ZEE ENTERTAINMENT

ZEE ENTERTAINMENT - NEWS CORP. COMPARISON

COMPARE ZEE ENTERTAINMENT WITH

MARKET STATS