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Earnings

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.
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