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Zee Entertainment’s ad revenues increases to 61% of total income

Advertising continued to increase its share in the revenue mix of Zee Entertainment as the company reported advertising revenues of Rs 843.3 crore for the quarter ended September 30, 2015, which was up 35% year-on-year (y-o-y) compared to Rs 625.9 crore in the same period last year. Advertising revenues represented 61% of the total revenues compared to 56% in the same quarter last fiscal. On a sequential basis, ad revenues grew 8.13% from Rs 779.9 crore. Subscription revenues stood at Rs 479.1 crore at the end of Q2 FY16 recording a growth of 12.9% over Q2 FY15. During the quarter, domestic subscription revenues stood at Rs 375.2 crore while international subscription revenues stood at Rs 103.9 crore. Subscription revenues formed 38 % of the total revenues. Other sales and services revenue, which include syndication sales, film distribution, commission on sales, play out & transmission services, facility usage income, stood at Rs 62.5 crore, a decline of 7.4%  from Rs 67.4 crore in the same quarter last year. On a quarter-on-quarter basis, other revenues declined 35.83% from Rs 97.4 crore.  The other sales and services segment represented 5% of total revenues in Q2 FY16 compared to 6% in Q2 FY15. Profit after Tax (PAT) for the quarter was Rs 246.3 crore, recording a growth of 8.5% over Q2 FY15. Operating profit (EBITDA) for the quarter stood at Rs 354.6 crore. EBITDA Margin stood at 25.6%. Total revenues stood at 1,384.9 crore. Investment write off in MirriAD The company also said that it approved write-off of an investment of GBP 3.25 Million (equivalent to Rs. 33.1…

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