Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 29867.24 Crore) operating in Media & Entertainment sector.
Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Television Content, Transmission Revenue, Other Operating Revenue and Commission for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1808.56 Crore, down -8.86 % from last quarter Total Income of Rs 1984.39 Crore and up 35.13 % from last year same quarter Total Income of Rs 1338.41 Crore. Company reported net profit after tax of Rs 208.77 Crore in latest quarter.
Investment Rationale
The brokerage has tweaked FY22-24E EBITDA estimates by 3-5% due to the weak Q2 revenue print and higher cost assumptions. It maintains buy with a revised Sept’22E TP of Rs415 (11x Sept’23E pro-forma broadcasting EBITDA) vs. Rs430 earlier.
Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 57.18 per cent, DIIs 15.98 per cent.
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