Zee Entertainment Enterprises Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||38||1,220|
Zee entertainment enterprises Ltd. consolidated revenue for the quarter came in at Rs. 1785 crore, registering 2.7% yoy increase.
EBITDA for the quarter rose by 51% yoy to Rs. 679 crore with a corresponding margin expansion of 1220 bps. EBITDA margin for the quarter stood at 38%. This was largely driven by slump in operating cost by 24.7% yoy to Rs.578 crore in Q2FY18 vs Rs.768 crore in previous year corresponding quarter.
The adjusted PAT for the quarter came in at Rs. 521 crore , yoy increase of 119% This was partly aided by minimal finance cost at Rs.0.28 crore vs Rs.8.5 crore in Q2FY17. Also, company exceptional gain of Rs.134.6 crore due to closure of its 2nd phase of transaction for disposal of sports broadcasting business to sony pictures network India pvt. Ltd.
Zee Entertainment Enterprises Ltd is currently trading at Rs. 511, up by 18.15 points or 3.68% from its previous closing of Rs. 492.85 on the BSE.
The scrip opened at Rs. 498 and has touched a high and low of Rs. 512.55 and Rs. 493 respectively. So far 49,37,029(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
BSE 584.50 [4.35] ([0.74]%)
NSE 585.35 [3.35] ([0.57]%)
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