Zee Entertainment Enterprises Ltd (ZEEL) will report its June-quarter results on Tuesday and analysts expect the company to report double-digit profit and revenue growth.
- CNBC-TV18’s poll estimates Zee Entertainment’s revenue to grow at 11 percent and profit to grow by 15 percent in Q1FY20.
- However, operating margins are expected to remain flat or decline by 10 basis points (bps) to 31.8 percent.
- Ad revenue growth is expected to be sluggish to 4-6 percent. Higher realisations in cable and the regional market should drive subscription revenue up by 20 percent.
- Apart from the numbers, the most important thing that the market will watch out is management’s commentary on promoter stake sale. It was expected to be concluded by June end or early July. So whether there is a delay in the deal or there is no deal is something that the street will watch out for.