Zee Entertainment Enterprises Ltd.
ZEELConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
11 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 11 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220603 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220818 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221117 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230217 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230601 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230817 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231117 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240220 | 2023-12-31 | yes | |
| TRANSCRIPT | 20241024 | 2024-09-30 | yes | |
| DUPLICATE | 20241024 | 2024-09-30 | no | |
| TRANSCRIPT | 20250130 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250729 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251024 | 2025-09-30 | yes | |
| DUPLICATE | 20251024 | 2025-09-30 | no | |
| TRANSCRIPT | 20260814 | 2026-06-30 | yes |
ZEEL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 78.17 |
| 52-week range | 68.39 – 116.09 |
| Return 1M | -25.42% |
| Return 3M | -29.8% |
| Return 1Y | -32.66% |
| Return 3Y | -70.24% |
| Return 5Y | -75.49% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,907.00 |
| Other income | 31.00 |
| Total income | 1,938.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 213.00 |
| Finance costs | 13.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.04 | 0.00 |
| institutions foreign | 0.20 | -0.05 |
| institutions domestic | 0.08 | -0.03 |
| mutual funds | 0.03 | -0.02 |
| public | 0.96 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| DUPLICATE | 2025-09-30 | 2 |
| TRANSCRIPT | 2026-06-30 | 13 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,846.00 | 2,028.00 | 2,111.00 | 2,112.00 | 1,984.00 | 2,438.00 | 2,046.00 | 2,170.00 | 2,131.00 | 2,001.00 | 1,979.00 | 1,825.00 | 1,969.00 | 2,280.00 | 2,025.00 | 1,907.00 |
| Other income | 34.00 | 18.00 | 16.00 | 14.00 | 14.00 | 72.00 | 28.00 | 15.00 | 19.00 | 34.00 | 34.00 | 25.00 | 26.00 | 18.00 | 76.00 | 31.00 |
| Total income | 1,880.00 | 2,046.00 | 2,127.00 | 2,126.00 | 1,998.00 | 2,510.00 | 2,073.00 | 2,185.00 | 2,150.00 | 2,034.00 | 2,013.00 | 1,850.00 | 1,996.00 | 2,298.00 | 2,101.00 | 1,938.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 997.00 | 0.00 | 0.00 | 0.00 | 1,505.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 217.00 | 236.00 | 216.00 | 215.00 | 260.00 | 260.00 | 244.00 | 255.00 | 226.00 | 228.00 | 243.00 | 220.00 | 214.00 | 216.00 | 192.00 | 213.00 |
| Finance costs | 8.00 | 10.00 | 13.00 | 40.00 | 23.00 | 23.00 | 18.00 | 7.00 | 6.00 | 8.00 | 11.00 | 8.00 | 13.00 | 9.00 | 15.00 | 13.00 |
| Depreciation and amortisation | 78.00 | 82.00 | 91.00 | 83.00 | 79.00 | 77.00 | 76.00 | 77.00 | 76.00 | 73.00 | 66.00 | 59.00 | 57.00 | 54.00 | 47.00 | 44.00 |
| Other expenses | 1,393.00 | 1,495.00 | 1,551.00 | 1,745.00 | 1,565.00 | 1,845.00 | 1,592.00 | 1,705.00 | 1,634.00 | 1,450.00 | 418.00 | 1,366.00 | 1,596.00 | 1,808.00 | 583.00 | 1,595.00 |
| Total expenses | 1,696.00 | 1,822.00 | 1,872.00 | 2,083.00 | 1,927.00 | 2,206.00 | 1,931.00 | 2,044.00 | 1,941.00 | 1,759.00 | 1,735.00 | 1,653.00 | 1,880.00 | 2,087.00 | 2,342.00 | 1,864.00 |
| Profit before exceptional items and tax | 184.00 | 224.00 | 255.00 | 43.00 | 71.00 | 304.00 | 142.00 | 142.00 | 208.00 | 275.00 | 279.00 | 197.00 | 115.00 | 211.00 | -241.00 | 74.00 |
| Exceptional items | -15.00 | -47.00 | -169.00 | -90.00 | -71.00 | -120.00 | -60.00 | -28.00 | -29.00 | 11.00 | -81.00 | 0.00 | 0.00 | -9.00 | 0.00 | 0.00 |
| Profit before tax | 169.00 | 177.00 | 86.00 | -47.00 | 1.00 | 184.00 | 82.00 | 114.00 | 180.00 | 286.00 | 198.00 | 197.00 | 115.00 | 202.00 | -241.00 | 74.00 |
| Current tax | 69.00 | 73.00 | 65.00 | 114.00 | 3.00 | 111.00 | 65.00 | 31.00 | 59.00 | 90.00 | 32.00 | 47.00 | 54.00 | 52.00 | -110.00 | -3.00 |
| Deferred tax | -6.00 | -9.00 | -3.00 | -88.00 | -6.00 | -57.00 | -36.00 | 71.00 | -4.00 | -13.00 | 2.00 | 6.00 | -15.00 | -5.00 | -27.00 | 3.00 |
| Tax expense | 62.00 | 64.00 | 62.00 | 26.00 | -3.00 | 54.00 | 29.00 | 102.00 | 54.00 | 77.00 | 34.00 | 54.00 | 39.00 | 47.00 | -137.00 | -0.00 |
| Profit for the period | 107.00 | 113.00 | 24.00 | -196.00 | -53.00 | 123.00 | 59.00 | 13.00 | 118.00 | 209.00 | 164.00 | 144.00 | 76.00 | 155.00 | -104.00 | 74.00 |
| Profit attributable to owners | 107.00 | 113.00 | 24.00 | -196.00 | -53.00 | 123.00 | 59.00 | 13.00 | 118.00 | 209.00 | 164.00 | 144.00 | 76.00 | 155.00 | -102.00 | 76.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -1.00 | -2.00 |
| Other comprehensive income | 42.00 | 35.00 | 29.00 | -8.00 | -14.00 | 13.00 | 9.00 | 1.00 | 8.00 | 12.00 | 17.00 | 13.00 | 51.00 | 18.00 | 76.00 | 13.00 |
| Total comprehensive income | 148.00 | 147.00 | 53.00 | -204.00 | -67.00 | 136.00 | 68.00 | 15.00 | 127.00 | 222.00 | 180.00 | 157.00 | 128.00 | 173.00 | -28.00 | 88.00 |
| Earnings per share, basic | 1.11 | 1.18 | 0.25 | -2.04 | -0.56 | 1.28 | 0.61 | 0.13 | 1.23 | 2.18 | 1.70 | 1.50 | 0.79 | 1.62 | -1.08 | 0.79 |
| Earnings per share, diluted | 1.11 | 1.18 | 0.25 | -2.04 | -0.56 | 1.28 | 0.61 | 0.13 | 1.23 | 2.18 | 1.70 | 1.50 | 0.79 | 1.62 | -1.08 | 0.79 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,934.00 | 8,130.00 | 7,730.00 | 8,189.00 | 8,088.00 | 8,637.00 | 8,294.00 | 8,099.00 |
| Other income | 251.00 | 284.00 | 110.00 | 121.00 | 80.00 | 129.00 | 123.00 | 146.00 |
| Total income | 8,185.00 | 8,414.00 | 7,840.00 | 8,311.00 | 8,168.00 | 8,766.00 | 8,418.00 | 8,245.00 |
| Cost of materials consumed | 3,076.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,859.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 729.00 | 781.00 | 818.00 | 864.00 | 824.00 | 1,019.00 | 927.00 | 842.00 |
| Finance costs | 130.00 | 145.00 | 57.00 | 45.00 | 70.00 | 72.00 | 33.00 | 45.00 |
| Depreciation and amortisation | 235.00 | 271.00 | 265.00 | 246.00 | 313.00 | 309.00 | 278.00 | 217.00 |
| Other expenses | 1,566.00 | 5,974.00 | 5,318.00 | 5,607.00 | 6,157.00 | 6,707.00 | 6,155.00 | 1,998.00 |
| Total expenses | 5,736.00 | 7,170.00 | 6,458.00 | 6,762.00 | 7,364.00 | 8,107.00 | 7,393.00 | 7,962.00 |
| Profit before exceptional items and tax | 2,449.00 | 1,243.00 | 1,382.00 | 1,549.00 | 804.00 | 659.00 | 1,024.00 | 283.00 |
| Exceptional items | 0.00 | -284.00 | -127.00 | -133.00 | -335.00 | -278.00 | -99.00 | -9.00 |
| Profit before tax | 2,449.00 | 959.00 | 1,256.00 | 1,415.00 | 468.00 | 381.00 | 926.00 | 273.00 |
| Current tax | 969.00 | 584.00 | 506.00 | 451.00 | 321.00 | 210.00 | 208.00 | 42.00 |
| Deferred tax | -115.00 | -153.00 | -44.00 | 9.00 | -105.00 | -28.00 | 30.00 | -40.00 |
| Tax expense | 854.00 | 432.00 | 463.00 | 460.00 | 217.00 | 182.00 | 239.00 | 2.00 |
| Profit for the period | 1,611.00 | 525.00 | 793.00 | 956.00 | 48.00 | 141.00 | 680.00 | 271.00 |
| Profit attributable to owners | 0.00 | 526.00 | 800.00 | 965.00 | 48.00 | 141.00 | 680.00 | 273.00 |
| Profit attributable to non-controlling interests | 0.00 | -2.00 | -7.00 | -9.00 | 0.00 | 0.00 | 0.00 | -2.00 |
| Other comprehensive income | 130.00 | 134.00 | -21.00 | 44.00 | 97.00 | 10.00 | 41.00 | 159.00 |
| Total comprehensive income | 1,741.00 | 658.00 | 772.00 | 999.00 | 145.00 | 151.00 | 721.00 | 430.00 |
| Earnings per share, basic | 16.32 | 5.48 | 8.33 | 10.04 | 0.50 | 1.47 | 7.08 | 2.82 |
| Earnings per share, diluted | 16.32 | 5.48 | 8.33 | 10.04 | 0.50 | 1.47 | 7.08 | 2.82 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 13,923.00 | 13,728.00 | 13,798.00 | 13,450.00 | 13,520.00 | 13,734.00 | 13,680.00 | 14,216.00 |
| Non-current assets | 2,393.00 | 2,337.00 | 2,368.00 | 2,222.00 | 2,195.00 | 1,907.00 | 1,964.00 | 2,178.00 |
| Current assets | 11,473.00 | 11,227.00 | 11,336.00 | 11,143.00 | 11,321.00 | 11,818.00 | 11,704.00 | 12,016.00 |
| Property, plant and equipment | 788.00 | 712.00 | 673.00 | 640.00 | 579.00 | 551.00 | 521.00 | 497.00 |
| Capital work-in-progress | 7.00 | 19.00 | 14.00 | 9.00 | 11.00 | 1.00 | 2.00 | 4.00 |
| Goodwill | 345.00 | 330.00 | 330.00 | 330.00 | 330.00 | 330.00 | 331.00 | 331.00 |
| Other intangible assets | 215.00 | 268.00 | 223.00 | 185.00 | 125.00 | 76.00 | 47.00 | 30.00 |
| Inventories | 7,155.00 | 7,308.00 | 7,022.00 | 6,913.00 | 6,504.00 | 6,775.00 | 6,677.00 | 6,512.00 |
| Trade receivables | 1,756.00 | 1,609.00 | 2,256.00 | 1,702.00 | 1,697.00 | 1,532.00 | 1,798.00 | 1,724.00 |
| Cash and cash equivalents | 788.00 | 718.00 | 476.00 | 1,113.00 | 949.00 | 720.00 | 394.00 | 798.00 |
| Total equity and liabilities | 13,923.00 | 13,728.00 | 13,798.00 | 13,450.00 | 13,520.00 | 13,734.00 | 13,680.00 | 14,216.00 |
| Equity | 10,872.00 | 10,722.00 | 10,790.00 | 10,873.00 | 11,257.00 | 11,533.00 | 11,585.00 | 11,728.00 |
| Equity share capital | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 |
| Other equity | 10,776.00 | 10,626.00 | 10,694.00 | 10,777.00 | 11,161.00 | 11,437.00 | 11,488.00 | 11,634.00 |
| Total liabilities | 3,051.00 | 3,006.00 | 3,008.00 | 2,577.00 | 2,263.00 | 2,201.00 | 2,095.00 | 2,487.00 |
| Non-current liabilities | 366.00 | 353.00 | 348.00 | 329.00 | 415.00 | 398.00 | 374.00 | 335.00 |
| Current liabilities | 2,685.00 | 2,632.00 | 2,641.00 | 2,246.00 | 1,844.00 | 1,800.00 | 1,718.00 | 2,149.00 |
| Borrowings, non-current | 3.00 | 4.00 | 4.00 | 3.00 | 153.00 | 158.00 | 165.00 | 176.00 |
| Borrowings, current | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Trade payables | 1,691.00 | 1,749.00 | 1,876.00 | 1,435.00 | 1,240.00 | 0.00 | 1,103.00 | 1,467.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -269.00 | 129.00 | -11.00 | 714.00 | 446.00 | 1,186.00 | -26.00 | 708.00 |
| Net cash from investing activities | -110.00 | -202.00 | -38.00 | -47.00 | -777.00 | -1,604.00 | -40.00 | -299.00 |
| Net cash from financing activities | -39.00 | -408.00 | -195.00 | -274.00 | 167.00 | 23.00 | -265.00 | -339.00 |
| Purchase of property, plant and equipment | 65.00 | 128.00 | 42.00 | 76.00 | 53.00 | 85.00 | 54.00 | 136.00 |
| Net increase in cash | -411.00 | -474.00 | -240.00 | 396.00 | -164.00 | -393.00 | -326.00 | 77.00 |
| con:CFO.BEFORE_TAX | -62.00 | 518.00 | 84.00 | 954.00 | 599.00 | 1,259.00 | 122.00 | 915.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 208.00 | 389.00 | 95.00 | 240.00 | 154.00 | 73.00 | 148.00 | 207.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 9.00 | 9.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 9.00 | 12.00 | 21.00 | 22.00 | 3.00 | 4.00 | 2.00 | 5.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 0.04 | 0.04 | 0.04 | 0.04 |
| Domestic institutions | 38.20 | 40.77 | 42.23 | 43.59 | 35.56 | 22.51 | 19.19 | 17.99 | 16.01 | 16.86 | 0.14 | 0.12 | 0.11 | 0.08 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 10.47 | 0.08 | 0.06 | 0.05 | 0.03 |
| Insurance companies | 9.86 | 10.21 | 11.74 | 10.66 | 6.56 | 6.39 | 6.39 | 6.22 | 6.09 | 5.85 | 0.06 | 0.06 | 0.06 | 0.04 |
| Foreign institutions | 36.39 | 33.40 | 35.00 | 28.19 | 19.18 | 18.91 | 18.52 | 20.05 | 22.83 | 24.81 | 0.25 | 0.24 | 0.25 | 0.20 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 96.01 | 0.96 | 0.96 | 0.96 | 0.96 |
| Non-institutional | 21.43 | 21.84 | 18.78 | 24.23 | 41.27 | 54.59 | 58.30 | 57.97 | 57.18 | 54.33 | 0.57 | 0.60 | 0.60 | 0.68 |
| Shares outstanding | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 | 960519420 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Zee Entertainment UK Limited | Subsidiary | Any other transaction, Purchase of goods or services | 3,211,740,000.00 | 8 |
| Asia Today Limited | Subsidiary | Any other transaction, Sale of goods or services | 2,077,980,000.00 | 6 |
| ATL Media Limited | Subsidiary | Any other transaction, Investment, Purchase of goods | 1,345,660,000.00 | 9 |
| Zee Entertainment Enterprises Limited | holding company | Dividend paid | 930,600,000.00 | 1 |
| Z5X Global FZ LLC | Subsidiary | Any other transaction, Purchase of goods or services | 423,860,000.00 | 5 |
| Zee Studios Limited | Subsidiary | Any other transaction, Investment, Purchase of goods | 373,860,000.00 | 4 |
| Digital Subscriber Management and Consultancy Services Priva | Other related party | Any other transaction, Purchase of goods or services | 285,240,000.00 | 4 |
| Asia Today Singapore Pte. Ltd. | Subsidiary | Any other transaction, Purchase of goods or services | 230,520,000.00 | 6 |
| Zee Entertainment Middle East FZ LLC | Subsidiary | Any other transaction, Purchase of goods or services | 130,560,000.00 | 5 |
| Punit Goenka | Key management personnel | Remuneration | 91,060,000.00 | 1 |
| ZEE Entertainment Middle East FZ LLC | Fellow Subsidiary | Sale of goods or services | 84,730,000.00 | 1 |
| ATL Media FZ-LLC | Subsidiary | Any other transaction, Sale of goods or services | 75,050,000.00 | 3 |
| Margo Networks Private Limited | Subsidiary | Any other transaction, Investment, Sale of goods or | 75,000,000.00 | 4 |
| Amit Goenka | Relative of Key Management Personn | Remuneration | 69,280,000.00 | 1 |
| Asia T.V. Limited | Subsidiary | Any other transaction, Sale of goods or services | 49,410,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2025-10-24 | Q2FY26 | Read the call | |
| 2025-01-30 | Q3FY25 | Read the call | |
| 2024-10-24 | Q2FY25 | Read the call | |
| 2024-02-20 | Q3FY24 | Read the call | |
| 2023-11-17 | Q2FY24 | Read the call | |
| 2023-08-17 | Q1FY24 | Read the call | |
| 2023-06-01 | Q4FY23 | Read the call | |
| 2023-02-17 | Q3FY23 | Read the call | |
| 2022-11-17 | Q2FY23 | Read the call | |
| 2022-08-18 | Q1FY23 | Read the call | |
| 2022-06-03 | Q4FY22 | Q4FY22 Earnings Conference Call, Transcript | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY24 | Q2FY25 | Q2FY26 | Q3FY23 | Q3FY24 | Q3FY25 | Q4FY22 | Q4FY23 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | Coming to our digital platform, all the usage metrics for ZEE5 continue to remain healthy on the back of key originals and direct to digital films dri… | As you know we are paying out 100% dividend this year which is again different from what has ZEE Entertainment Enterprises Limited October 18, 2024 ha… | Our content inventory continued to decline in H1, driven by optimized acquisition. | As far as cash, so if you see in this quarter, the cash primarily reduction in cash is because there's a dividend payout that has happened to the tune… | In line with this aspiration, we even took several steps towards divestment or closure of profitable businesses in the domestic and international mark… | During Q3FY’25, we have paid Rs 1 per share dividend. | Zee Music consistently has maintained a leadership position in new Hindi movies acquisition and is also poised for stellar growth ahead as a result of… | — |
| Costs | — | So, with regards to the employee cost, what kind of inflation should one kind of price in going ahead now? | — | — | — | — | The sharp rise in inflation coupled with a higher input cost for this segment impacted the marketing spends which in turn had a cascading effect on th… | — |
| Debt and cash | — | The translation of our efforts into profitability is visible in our cash flow as well, which has inched up during the quarter and continues to strengt… | And lastly on the cash flows, could you share some more color on the current year-to-date cash generation? | Quite frankly, this quarter, there is a free cash flow of INR 100 crores plus that has happened. | During the quarter, we generated strong FCF driven by optimisation of working capital. | — | The film business, it's a fast rotation working capital business. | — |
| Demand | So, you mentioned that second half, you will see some demand because of festive but you also mentioned the sports part, right? | We are optimistic about Ad revenue pickup in Q3 with onset of festive season, however, we will closely monitor sustenance of that pickup beyond the fe… | — | Given the fact that we have relatively high exposure to FMCG advertisers and Tier 2, Tier 3 audiences, our advertising revenue sensitivity to rural de… | — | Although there was a marginal uptick in rural recovery, the lacklustre sentiment in urban markets led to weaker demand and impeded significant growth. | In the quarter to come we have strong pipeline of movies under different stages of production. | Taking a long-term view, I remain cautiously optimistic on the future as the inflationary headwinds ease and NTO-3.0 benefits flow in, resulting in po… |
| Guidance | And, if you can talk about the margin outlook for the second half. | As we step into the second half of the fiscal, the overall growth outlook for the Company remains positive. | As we progress into the second half of the fiscal, we expect these costs to stabilize and accrue higher gains in advertising and subscription across s… | So going by this trend, can we expect a very strong growth in the subscription business in the first year of implementation itself like we had witness… | Hence, what we are putting out is an aspirational view based on our initial assessment, it’s not a formal guidance. | We expect subscription revenues to continue growing after a couple of quarters of implementation. | Basis the guidance received on our pre-filing we have made a formal filing with the eel for the proposed merger in April 2022. | So going ahead in FY'24, I know you giving a margin outlook guidance may not serve the purpose, but will our journey to that 15% to 17% band be swift … |
| Margin | We also witnessed a healthy reduction in ZEE5’s EBITDA losses, in-line with our indication of the platform already being close to its peak investment … | A more prudent cost discipline and sharper focus on operations has enabled us to clock strong improvement in EBITDA margins, coupled with robust free-… | We registered our highest ever quarterly revenue crossing INR 3,000 million, leading to more than 80% reduction in EBITDA loss to INR 312 million in q… | During Q3 FY'23, excluding exceptional items, our EBITDA margin came in at 16%, quarter-on-quarter improvement of 135 bps, but still lower by 668 bps … | Our FY 2026 aspiration will be to target 18 to 20% industry-leading EBITDA margin profile. | We have implemented several action-oriented steps that have translated in our year-on-year margin ZEE Entertainment Enterprises Limited January 23, 20… | The full year EBITDA margin is at 21% lower by 280 bps vear~on~vear. • Q4FY22 Earnings Call Transcript May 26, 2022 lEES EBITDA losses for a full year… | This has resulted in FY23 EBITDA margin coming in at 13.6% compared to 21.7% in FY22. Q4-23 EBITDA margins have come in at 7.2% due to accelerated inv… |
| People | — | — | — | — | Or is the attrition coming high over the last 15 days or a month or so? | — | — | — |
| Pricing | And given at this point in time, the hot money funded start- ups have been not that active and so on, the pricing on the sports property has also been… | Amidst this scenario, the Company has consistently displayed resilience and demonstrated its ability to grow, while judiciously balancing pricing and … | ZEE5 revenues increased by 32% Y-o-Y in quarter 2, aided by enhanced content offering across 7 languages and the revised pricing strategy driving our … | The revised RIO that we have filed basically shows a price hike in double digit, especially in some of the bouquets down south. | So just wanted to check if the revised pricing is into force or not. | In line with the Telecom Regulatory Authority of India’s (TRAI) tariff regulations, we have published the new Reference Interconnect Offer (RIO) that … | The embargo in pricing continued to impact the linear subscription revenues, and as a proactive measure to propel the pay TV ecosystem, we have withdr… | With NTO 3.0, we have taken some calibrated price hikes and are monitoring how that stabilises and flow to revenues over coming quarters in FY24. Zee … |
| Revenue growth | We continue to make significant efforts along with ZEE Entertainment Enterprises Limited November 09, 2023 the industry, to drive growth of the pay TV… | I have always maintained that healthy competition augurs well for the growth of the industry at large, and it will only generate more opportunities fo… | We continue to maintain a cautiously optimistic outlook on advertising revenue growth in the midterm with a conducive growth environment boosting the … | The overall sentiment continued to be soft this quarter as well, which has resulted in muted advertising revenue growth across the sector. | Subscription revenue growth, on the other hand, also remained impacted due to the NTO related issues. | We are continuing to look at ways to maximise Ad revenues in this environment and will remain cautious in the near term on the pace of our Ad revenue … | The conversions and engagement rate display the robust growth of the platform, and we aim to keep building on this positive momentum. | ZEEL TELECONFERENCE May 25, 2023 As you are aware, several industry reports peg the segmental growth of digital ecosystem to be around 20% to 25% CAGR… |