NIFTY 50

Zee Entertainment Q2 Earnings: Net profit likely to grow by 17%

Updated : October 17, 2019 09:21 AM IST

Essel Group-owned Zee Entertainment will be reporting its second-quarter results today. Here are the key expectations:

  • Revenues are likely to grow 8 percent to Rs 2,136 crore.

  • The EBITDA is likely to grow 2.5-3 percent to Rs 693-700 crore.

  • This means that the margins may come in at 32.5 percent.

  • The net profit is expected to grow by 17 percent, upwards of Rs 450 crore.

  • Ad revenue growth is likely at 2-4 percent.

  • Subscription revenue as a result of the Telecom Regulatory Authority of India (TRAI) order will continue to grow fast.

  • The net profit growth, despite a muted revenue and EBITDA growth, would be primarily on account of a corporate tax cut.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV