ZEE ENTERTAINMENT Announces Quarterly Results (1QFY22); Net Profit Up 614.0%

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ZEE ENTERTAINMENT Announces Quarterly Results (1QFY22); Net Profit Up 614.0%
Mon, 9 Aug

ZEE ENTERTAINMENT has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ZEE ENTERTAINMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m13,12019,65817,750-9.7%35.3%
Other incomeRs m26418633680.8%27.3%
TurnoverRs m13,38419,84418,086-8.9%35.1%
ExpensesRs m12,04414,04314,4072.6%19.6%
Gross profitRs m1,0765,3203,306-37.9%207.2%
DepreciationRs m719627590-6.0%-17.9%
InterestRs m4549119-96.1%-57.3%
Profit before taxRs m5764,3883,032-30.9%426.4%
TaxRs m2841,664945-43.2%233.0%
Profit after taxRs m2922,7232,088-23.3%614.0%
Gross profit margin%8.227.118.6
Effective tax rate%49.237.931.2
Net profit margin%2.213.711.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 35.3% on a year-on-year (YoY) basis. The expenses were up by 19.6% YoY during the same period.
  • The company's operating profit increased by 207.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 1QFY22 as against 8.2% in 1QFY21.
  • Depreciation charges declined by 17.9% and finance costs declined by 57.3% YoY, respectively.
  • Other income increased by 27.3% YoY during the quarter.
  • Net profit for the quarter increased by 614.0% YoY. Net profit margins during the quarter increased from 2.2% in 1QFY21 to 11.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit declined by 37.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.6% in 1QFY22 as against 27.1% in 4QFY21.
  • Net profit for the quarter declined by 23.3% QoQ, while net profit margins declined from 13.7% in 4QFY21 to 11.5% in 1QFY22.

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

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ZEE ENTERTAINMENT Share Price Performance

Over the last one year, ZEE ENTERTAINMENT share price has moved up from Rs 150.2 to Rs 191.8, registering a Gain of Rs 41.6 or around 27.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 13,927.5 (up 0.3%). Over the last one year it has moved up from 8,811.9 to 13,927.5, a gain of 5,116 points (up 58.1%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 191.8, the price to earnings (P/E) ratio of ZEE ENTERTAINMENT stands at 18.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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