Zee Entertainment Q2 profit may rise 9% at Rs 205 cr: Poll

Oct 19, 2013, 04.25 PM IST

Total income is likely to increase 10 percent on yearly basis (up 8 percent quarter-on-quarter) to Rs 1,050 crore in September quarter on account of higher sports revenue and monetisation of DAS phase I & II.

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Zee Entertainment Q2 profit may rise 9% at Rs 205 cr: Poll

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Mumbai-based media conglomerate Zee Entertainment Enterprises will come out with its second quarter (July-September) earnings on October 21. Analysts expect 9 percent growth year-on-year (down 9 percent sequentially) in its net profit of Rs 205 crore, according to a CNBC-TV18 poll.

Operational performance is expected to be strong on yearly basis, but that will be weak on sequential basis, feel experts.

Earnings before interest, tax, depreciation & amortisation (EBITDA) may rise 26 percent Y-o-Y (sequential degrowth of 5.5 percent) to Rs 276 crore.

Operating profit margin is expected to increase 330 basis points year-on-year to 26.3 percent, but sequentially margin may fall 370 basis points due to higher content cost and sports losses.

According to a poll, advertisement growth (ex-sports) in Q2FY14 is expected to slightly outperform the industry growth rate of 7-8 percent, led by good performance in regional and movies genres.

Subscription revenues of the Zee are expected to continue to grow at a healthy pace of nearly 17 percent Y-o-Y.

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