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Earnings Digest: Zee Ent Ad Revenues Up; Hindustan Media Ventures

Zee Entertainment – Ad Revenues Up

Ad revenues for Zee Entertainment Enterprises Ltd were up 62.4% year on year and 6.7% quarter on quarter at Rs. 439.8 crore while subscription revenues stood at Rs 281.8 crore for the quarter ended December 2010. The company reported a 6.1% increase in consolidated net profit of Rs. 155.4 crore million over revenues of Rs 824.9 crore, which grew 55.4% year on year. However, since the Q3 numbers also include results from Regional General Entertainment business acquired from Zee News Limited and are post merger of 9X and ETC networks Ltd in the company and demerger of the education business, they are not comparable on a like-to-like basis. EBITDA margins were at 27.2% on Rs. 224.2 crore. Expenditure rose 60.8% to Rs. 600.7 crore compared to the corresponding quarter last year.

Launches:

The company launched Zee Khana Khazana, a 24 hours food and culinary channel. Zee TV launched new shows Dil Se Diya Vachan, Bhagonwali – Baante Apni Taqdeer, and Apno Ke Liye Geeta Ka Dharmyudh while Zee Café launched The Vampire Diaries, The Mentalist and Hells Kitchen UK Season 3. Zing, the network’s music and lifestyle channel, and ETC, the Bollywood trade channel,continued to strengthen their position with production of 2.5 hours of bollywood content per day.

International Operations: In Russia, Zee CIS and Sistema Mass-Media signed a Letter of Intent on cooperation in TV content distribution and broadcast in India, Russia and
other countries. In Australia, it launched Zee TV APAC, Zee Cinema, Zing and Zee Salaam on Fetch TV IPTV platform.

The company witnessed sports business revenues of Rs 166.5 crore in the quarter, and incurred costs of Rs 199.5 crore.

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Details: Financials | Release

Related:
– Earnings Digest: Zee News, ZEEL, TV Today, SUN TV, Tata Comm, Mid Day, Balaji Telefilms
– Zee News’ Profit Up 9.7%; Six Channels To Be Demerged To ZEEL

HMVL Posts Net Profit of Rs 11.7 Crore

Hindustan Media Ventures Limited, that publishes hindi newspaper Hindustan and magazines Nandan and Kadambini, posted a net profit of 11.7 crore in the quarter ending December 31st 2010, an increase of 8.67% quarter on quarter, and registered a total revenue of Rs 131.3 crore. It had acquired the hindi business of HT Media from the company on 1 December 2009, so the financials for the previous year are not comparable. The company reported advertising revenues of Rs 94.5 crore owing to growth in volumes and pricing across geographies. Circulation revenues of Rs 30.6 crores were registered. The EBITDA was Rs 20 crores due to good advertising revenues. However, the increase in cost of raw material, which was  Rs 57.8 crore due to higher circulation  and news print prices partially hampered growth. The non-annualized EPS was Rs 1.59.

According to the company’s financial presentation, hindi daily Hindustan was at the 3rd position with an overall readership of 1.08 crore based on the Indian readership survey Q3 2010. It maintains the number one position in Bihar and Jharkhand with readership share of 74.3% and 58% respectively. It is also the second largest hindi daily in Delhi-NCR.

The group commissioned a new printing press at Gorakhpur Uttar Pradesh whch would have a print run of 1.2 lakh copies. It will work in synergy with HT Media for content, supply-chain, circulation and ad sales.

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Details: Results

Related:

– HT Media Net Profit Doubles, Demerges Hindi Biz, Metro Now Shut

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