Zee Entertainment Enterprises (ZEE) Ltd. announces Q4FY21 Results - Check key financial details here

Zee Entertainment Enterprises (ZEE) today declared a net profit of Rs 275.8 cr for Q4FY21 while the revenues for the reporting quarter stood at Rs 1965.8 cr which was up by 0.8 per cent from Q5FY20. The EBITDA margin for the quarter stood at 27.5 per cent with EBITDA of Rs 540.8 cr, the company said in its exchange filing. 

For the year ended 31 March 2020 Profit After Tax (PAT) was at Rs 800.1 cr and was higher by 51.9 per cent from the PAT reported in FY20 at Rs 526.5 cr.  

Key Highlights: 

• ZEE network share improves to 18.9%, continues to be India’s #2 TV entertainment network 
• TV reaches 900mn people now 
• 7% increase in TV universe reaffirms its status as the biggest reach media in the country 
• Network share grew by 70bps QoQ led by FTA and two channels in South markets 
• Bengali, Telugu and Kannada channels improved shares during the year. Performance in Tamil and Marathi lagging expectations. In first full year of operations, ZEE’s new regional channels have established strong positions in their respective markets 
• Strong advertising growth during the quarter. 8.9 per cent Q4 domestic advertising revenue growth. 5.6 per cent Q4 domestic subscription revenue growth (LTL) 
• Over 75 original shows and movies released on ZEE5 during FY21. 
• 250 per cent dividend announced by board of directors 
• Resurgence in COVID cases impacted the near-term plan of Movies business    

Zee Studios - A strong slate of movies across languages in FY22. COVID cases and lockdown guidelines will have a bearing on Zee Studios’ release plans. 

Zee Music - 50%+ YoY growth in YouTube video views, showing strong consumer affinity for ZMC music library. ZMC added 4mn subscribers on YouTube; with 72.8mn subscribers it is the second most subscribed Indian music channel on YouTube.