Zee Entertainment Enterprises

PAT up 21.7% yoy to Rs 143.7 crore in Q1FY2026

On consolidated basis

Quarter ended June 2025 compared with Quarter ended June 2024.

Net sales (including other operating income) of Zee Entertainment Enterprises has declined 14.35% to Rs 1824.8 crore.  

Operating profit margin has jumped from 12.70% to 13.09%, leading to 11.68% decline in operating profit to Rs 238.90 crore.  Employee cost increased from 10.60% to 12.06%.   Other expenses fell from 76.70% to 74.85%.   Selling and administration expenses rose from 13.59% to 15.08%.   Other direct service cost fell from 55.25% to 53.21%.   

Other income rose 31.58% to Rs 25 crore.  PBIDT fell 8.84% to Rs 263.9 crore.  Provision for interest rose 40% to Rs 7.7 crore.  

PBDT fell 9.79% to Rs 256.2 crore.  Provision for depreciation fell 21.83% to Rs 59.1 crore.  

Profit before tax down 5.42% to Rs 197.10 crore.  Provision for tax was expense of Rs 53.5 crore, compared to Rs 54.2 crore.  Effective tax rate was 27.13% compared to 30.13%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 14.32% to Rs 143.70 crore.  

Promoters? stake was 3.99% as of 30 June 2025 ,compared to 3.99% as of 30 June 2024 .  Promoters pledged stake was 5.38% as of 30 June 2025 ,compared to 5.38% as of 30 June 2024 .  

Full year results analysis.

Net sales (including other operating income) of Zee Entertainment Enterprises has declined 3.97% to Rs 8294.1 crore.  

Operating profit margin has jumped from 10.55% to 14.61%, leading to 33.05% rise in operating profit to Rs 1,212.10 crore.  Employee cost decreased from 11.80% to 11.17%.   Other expenses fell from 77.66% to 74.21%.   Selling and administration expenses rose from 12.36% to 13.82%.   Other direct service cost fell from 58.34% to 54.46%.   

Other income fell 4.56% to Rs 123.4 crore.  PBIDT rose 28.38% to Rs 1335.5 crore.  Provision for interest fell 54.65% to Rs 32.7 crore.  Loan funds rose to Rs 320.90 crore as of 31 March 2025 from Rs 230.30 crore as of 31 March 2024.  Inventories declined from Rs 6,912.90 crore as of 31 March 2024 to Rs 6,774.80 crore as of 31 March 2025.  Sundry debtors were lower at Rs 1,532.50 crore as of 31 March 2025 compared to Rs 1,701.60 crore as of 31 March 2024.  Cash and bank balance rose to Rs 1,250.00 crore as of 31 March 2025 from Rs 1,193.20 crore as of 31 March 2024.  Investments rose to Rs 1,194.70 crore as of 31 March 2025 from Rs 39.10 crore as of 31 March 2024 .  

PBDT rose 34.56% to Rs 1302.8 crore.  Provision for depreciation fell 9.90% to Rs 278.5 crore.  Fixed assets declined from Rs 883.40 crore as of 31 March 2024 to Rs 600.00 crore as of 31 March 2025.  Intangible assets increased from Rs 330.30 crore to Rs 406.00 crore.  

Profit before tax grew 55.41% to Rs 1,024.30 crore.  Extraordinary items were increased to Rs -98.60 crore.  Provision for tax was expense of Rs 238.7 crore, compared to Rs 181.9 crore.  Effective tax rate was 25.77% compared to 47.73%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 245.08% to Rs 687.40 crore.  

Equity capital stood at Rs 96.10 crore as of 31 March 2025 to Rs 96.10 crore as of 31 March 2024.  Per share face Value remained same at Rs 1.00.  

Promoters? stake was 3.99% as of 31 March 2025 ,compared to 3.99% as of 31 March 2024 .  Promoters pledged stake was 5.38% as of 31 March 2025 ,compared to 5.38% as of 31 March 2024 .  

Cash flow from operating activities increased to Rs 1,186.00 crore for year ended March 2025 from Rs 714.40 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 91.60 crore, compared to Rs 130.50 crore during the year ended March 2024.  

 

Operational highlights:

 

Domestic advertising revenue declined by 19% YoY for the quarter due to extended sports calendar, and slowdown in FMCG spending.

 

Increase in digital subscription revenue was offset by decline in linear subscription revenue due to fall in PayTV subscribers.

 

Other sales and services declined due to lower theatrical and syndication revenue.

 

International revenue break-up: Q1 FY26 Advertising revenue : Rs 56.0 crore, Subscription revenue : Rs 88.6 crore, Other Sales & Services : Rs 23.1 crore.

 

Zee Entertainment Enterprises : Consolidated Results

Quarter ended Year ended Particulars 202506 202406 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 1,824.80 2,130.50 -14.35 8,294.10 8,637.20 -3.97 OPM (%) 13.09 12.70 40 bps 14.61 10.55 407 bps OP 238.90 270.50 -11.68 1,212.10 911.00 33.05 Other Inc. 25.00 19.00 31.58 123.40 129.30 -4.56 PBIDT 263.90 289.50 -8.84 1,335.50 1,040.30 28.38 Interest 7.70 5.50 40.00 32.70 72.10 -54.65 PBDT 256.20 284.00 -9.79 1,302.80 968.20 34.56 Depreciation 59.1 75.6 -21.83 278.5 309.1 -9.90 PBT 197.10 208.40 -5.42 1024.3 659.1 55.41 Share of Profit/(Loss) from Associates 0.1 0.1 0 0.4 0.4 0 PBT before EO 197.2 208.5 -5.42 1024.7 659.5 55.38 EO Income 0 -28.6 - -98.6 -278.4 64.58 PBT after EO 197.2 179.9 9.62 926.1 381.1 143.01 Taxation 53.5 54.2 -1.29 238.7 181.9 31.23 PAT 143.7 125.7 14.32 687.4 199.2 245.08 Minority Interest (MI) 0 0 - 0 0 - Net profit 143.7 125.7 14.32 687.4 199.2 245.08 P/(L) from discontinued operations net of tax 0 -7.6 - -7.9 -57.8 86.33 Net profit after discontinued operations 143.7 118.1 21.68 679.5 141.4 380.55 EPS (Rs)* 1.50 1.52 -1.36 7.92 3.59 120.73 * EPS is on current equity of Rs 96.05 crore, Face value of Rs 1, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

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