Zee Media stock soars 3% after Q3FY22 PAT rises by 32% yoy

11 Feb 2022 , 10:49 AM

Zee Media Limited’s consolidated revenue from operations for December 2021 quarter stood at Rs242.81 crore as against Rs184.39 crore for December 2020 quarter, up by 31.7% yoy. Revenue for the 9M period ended December 2021 stood at Rs619.13 crore against Rs466.14 crore for the previous 9M period, increasing 32.8% yoy.

Its EBITDA for Q3FY22 was reported at Rs87.50 crore against Rs68.37 crore for Q3FY21, increasing 28% yoy. EBITDA for the 9M period ending December 2021 was Rs195.06 crore against Rs157.64 crore for the 9M period ending December 2020, up by 23.70% yoy.

Its PAT for the quarter ended December 2021 stood at Rs45.46 crore against Rs34.45 crore for the quarter ended December 2020, a growth of 31.9% yoy. PAT for the 9M period ending December 2021 stood negative at Rs66.27 crore against a profit of Rs65.24 crore for the previous 9M period, decreasing 201.60% yoy.

Company reported its PBT at Rs61.68 crore for Q3FY22 against Rs45.27 crore for Q3FY21, up by 36.2% yoy. PBT for the 9M ended December 2021 stood at Rs109.46 crore against Rs85.61 crore for December 2020, registering a growth of 27.9% yoy.

Zee Media’s PAT turned out negative as some exceptional items eliminated during the quarter of Rs142.70 crore.

On BSE, currently, Zee Media’s stock was trading at Rs19.95 against its previous closing price of Rs19.35, up by 3.10%.