ZEEL's Ad revenues uplift its Q4 numbers.

The media and entertainment giant Zee Entertainment Enterprises has posted healthy Year on Year results led by strong advertising revenues. Quarter on Quarter growth has remained negative.

Company’s consolidated net sales have declined by 4 per cent to Rs 1531.62 crore as against Rs 1595.08 crore in the last quarter. EBITDA has come in at Rs 413.57 crore as against Rs 430.19 crore, a decrease of 3.9 per cent.

Company has re-introduced administration and selling expenses for the first time after June 2012. Q4FY16 admin and selling expenses have come in at Rs 127.99 crore. Company’s Net profits stand at Rs 260.61 crore as against Rs 275 crore in the last quarter, a decrease of 5.2 per cent.

Year on Year results have been enhanced, wherein the sales have increased by 13.7 per cent from Rs 1347.05 crore in the same quarter last year. Advertising revenues have increased by 29 per cent to Rs 864.51 crore. EBITDA has risen 52.7 per cent from Rs 270.75 crore. Net profits have surged by 12.9 per cent from Rs 230.77 crore.

On a yearly basis net sales stand at Rs 5851.46 crore as against Rs 4883.65 crore, an increase of 19.8 per cent. EBITDA too has risen by 20.2 per cent to Rs 1425.51 crore. Net profits have come in at Rs 1026.77 crore as against Rs 977.5 crore, an increase of 5 per cent.

Zee Entertainment Enterprises operates in the Content and Broadcasting segment. The Company offers multi linguistic content and operates around 33 domestic channels; and 36 international channels. The Company has a library, housing over 210,678 hours of television content. The Company holds rights to approximately 3,500 movie titles. The Company has operations across approximately 169 countries.

The stock closed yesterday at Rs 417.6 , with a decrease of 0.74 per cent ahead of the results. Today the stock is a top Nifty50 gainer with 4.7 per cent up move.