ZEE ENTERTAINMENT Announces Quarterly Results (1QFY20); Net Profit Up 61.9%

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ZEE ENTERTAINMENT Announces Quarterly Results (1QFY20); Net Profit Up 61.9%
Thu, 25 Jul

ZEE ENTERTAINMENT has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ZEE ENTERTAINMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m17,72020,19320,081-0.6%13.3%
Other incomeRs m4985681,03983.0%108.9%
TurnoverRs m18,21820,76121,1201.7%15.9%
ExpensesRs m12,27714,41712,805-11.2%4.3%
Gross profitRs m5,4615,5587,27630.9%33.2%
DepreciationRs m57656869021.5%19.7%
InterestRs m531,142205-82.0%287.7%
Profit before taxRs m5,3294,4177,42068.0%39.2%
TaxRs m2,0711,4942,14643.6%3.6%
Profit after taxRs m3,2592,9235,27580.5%61.9%
Gross profit margin%30.827.536.2
Effective tax rate%38.933.828.9
Net profit margin%17.914.125.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 13.3% on a year-on-year (YoY) basis. The expenses were up by 4.3% YoY during the same period.
  • The company's operating profit increased by 33.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.2% in 1QFY20 as against 30.8% in 1QFY19.
  • Depreciation charges increased by 19.7% and finance costs increased by 287.7% YoY, respectively.
  • Other income increased by 108.9% YoY during the quarter.
  • Net profit for the quarter increased by 61.9% YoY. Net profit margins during the quarter increased from 17.9% in 1QFY19 to 25.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.2% QoQ during the same period.
  • The company's operating profit increased by 30.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.2% in 1QFY20 as against 27.5% in 4QFY19.
  • Net profit for the quarter increased by 80.5% QoQ, while net profit margins increased from 14.1% in 4QFY19 to 25.0% in 1QFY20.

To see how ZEE ENTERTAINMENT has performed over the last eight quarters,please visit here.

ZEE ENTERTAINMENT Share Price Performance

Over the last one year,ZEE ENTERTAINMENT share price has moved down from Rs 521.7 to Rs 382.0, registering a Loss of Rs 139.7 or around 26.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,657.7 (up 0.6%). Over the last one year it has moved up from 7,388.4 to 7,657.7, a gain of 269 points (up 3.6%).

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 382.0, the price to earnings (P/E) ratio of ZEE ENTERTAINMENT stands at 20.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

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