CapitalMarket.com - Zee Entertainment jumps on good Q1 outcome
Hot Pursuit Friday, July 20, 2012 15:38 Hrs IST

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Zee Entertainment jumps on good Q1 outcome

Zee Entertainment Enterprises rose 3.42% at Rs 151 at 15:30 IST on BSE after consolidated profit after tax rose 21% to Rs 157 crore on 21% rise in operating revenues to Rs 843 crore in Q1 June 2012 over Q1 June 2011.

The result was announced during trading hours today, 20 July 2012.

Meanwhile, the BSE Sensex was down 116.91 points, or 0.68%, to 17,161.94.

On BSE, 3.12 lakh shares were traded in the counter as against an average daily volume of 1.17 lakh shares in the past one quarter.

The stock hit a high of Rs 151.65 and a low of Rs 146 so far during the day. The stock had hit a 52-week high of Rs 151.65 on 2 July 2012. The stock had hit a 52-week low of Rs 109.65 on 5 October 2011.

The stock had outperformed the market over the past one month until 19 July 2012, rising 8.27% compared with the Sensex's 2.49% rise. The scrip had also outperformed the market in past one quarter, gaining 16.47% as against 1.28% fall in the Sensex.

The large-cap company has an equity capital of Rs 95.88 crore. Face value per share is Re 1.

Zee Entertainment Enterprises' advertising revenues grew 18% to Rs 447.70 crore in Q1 June 2012 over Q1 June 2011. Subscription revenues rose 19% to Rs 364.10 crore in Q1 June 2012 over Q1 June 2011. During the quarter, domestic subscription revenues stood at Rs 250.50 crore, while international subscription revenues were Rs 113.70 crore.

Operating profit (earnings before, interest, taxes, depreciation and amortization, or EBITDA) rose 50% to Rs 233.20 crore in Q1 June 2012 over Q1 June 2011. EBITDA margin stood at 27.7%.

Zee Entertainment Enterprises is one of India's leading television, media and entertainment companies.

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