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Zee Media Corporation Ltd. declares Q4FY20 results: EBITDA margin for the year increased to 28.9% in FY20

Jun 29, 2020
Zee Media Corporation Limited (ZMCL) (BSE: 532794, NSE: ZEEMEDIA) today reported consolidated revenues of ₹ 1,381.5 mn for fourth quarter of fiscal 2020. The Network incurred expenditure of ₹ 1,094.2 mn in the same quarter. The Board of Directors, in its meeting, approved and took on record the financial results of ZMCL for the fourth quarter ended March 31, 2020.

Operating Highlights
  • EBITDA Margin grew from 25.3% in FY19 to 28.9% in FY20, while it reduced from 23.0% in Q4FY19 to 20.8% in Q4FY20.
  • EBITDA grew by 5.1% to ₹ 1,825.0 mn in FY20 from ₹ 1,736.4 mn in FY19, while it reduced by 26.1% to ₹ 287.3 mn in Q4FY20 from ₹ 389.0 mn in Q4FY19.
  • Operating revenue declined by 8.0% to ₹ 6,317.5 mn in FY20 from ₹ 6,869.2 mn in FY19, while it declined by 18.4% to ₹ 1,381.5 mn in Q4FY20 from ₹ 1,693.5 mn in Q4FY19.
  • Operating Expenditure reduced by 12.5% to ₹ 4,492.5 mn in FY20 from ₹ 5,132.8 mn in FY19, while it reduced by 16.1% to ₹ 1,094.2 mn in Q4FY20 from ₹ 1,304.5 mn in Q4FY19.

Business Highlights
  • The 14 news channels of ZMCL comprising 1 Global, 3 National and 10 Regional channels together continued to be one of the largest TV news networks in the country and reached more than 190 million viewers. (Source: BARC, All 2+ yrs., India, ZMCL Channels, 24 hrs, Wk 01'20 – 13'20, average weekly cumulative reach).
  • Zee News, the network's flagship news channel, continued to engage the audience with pertinent and ground-breaking content and enjoyed the 1st ranking with 19.3 minutes stickiness by viewers across the Hindi News genre. (Source: BARC, All 15+, HSM, 0600-2400 hrs, Wk 01'20 – 13'20, Average weekly ATSV).
  • ZEE News on COVID-19 Pandemic: Since March 2020, ZEE News has been at the forefront fighting against the COVID-19 pandemic by providing the best in-depth reportage and social help through various novel initiatives like “Ask ZEE”, Positive and inspirational news coverage, news stories ranging from the smallest towns in India to the international aspect of the issue and many more.
  • Glorious at ENBA 2019: E4M News Broadcasting Awards 2019, which was held in February 2020, proclaimed ZEE News as the Winners in 8 prestigious award categories.
  • Zee Business, Business News offering, enjoyed the 1st ranking with reached over 2.0 million viewers. (Source: BARC, All 22+, Male ABC, HSM, 0600-2400 hrs, Wk 01'20 – 13'20, Average weekly cumulative reach).
  • Hard core Stock Market centric novel shows were launched which grabbed the limelight – Bazaar Ka Bottom, Bazaar Ke 5 Star, Kya bottom ban gaya hai and a mafia operation to uncover fake identities of scamsters with the title “Operation Hafta Vasooli”. With the onset COVID-19, programming was customized and new shows such as Corporate Aur Corona, Zee Positive, #StarsOnZeeBusiness were launched.
  • Zee Hindustan, our 2nd National Hindi News channel, reached over 53.56 million viewers through continued focus on innovative news programming. (Source: BARC, All 15+, HSM, 0600-2400 hrs, Wk 01'20 – 13'20, average weekly cumulative reach).
  • WION, India's first Global News channel, continues to carve out a niche for itself and attains 2nd highest viewer stickiness. (Source: BARC, All 22+ Male AB, India Urban, 0600-2400 hrs, Wk 01'20 – 13'20, weekly ATSV).
  • WION's continuous coronavirus coverage with correspondents from across the world went viral with millions of views online and retweets from leaders. Surge in digital media consumption of the channel with over 100% growth in all platforms.
  • Zee 24 Ghanta, Bengali News offering, continued to woo the audience with its diverse content and reached more than 14.12 million viewers. (Source: BARC, All 15+, West Bengal, 0600-2400 hrs, Wk 01'20 – 13'20, Average weekly cumulative reach).
  • Channel launched 2 new programs - Sargorom 5 Ta and Street Fight where the studio was taken out to viewers which allowed them to be a part of crucial discussions.
  • Zee 24 Taas, India's Marathi News channel, reached over 18.85 million audiences across India. (Source: BARC, All 15+, Mah/Goa, 0600-2400 hrs, Wk 01'20 – 13'20, average weekly cumulative reach).
  • Zee Madhya Pradesh Chhattisgarh, through its relevant and engaging content, continued to top the genre with 49.4% market share, 18.1 minutes viewer stickiness and more than 3.56 million coverage. (Source: BARC, All 15+, MP/CG, 0600-2400 hrs, Wk 01'20 – 13'20).
  • Channel organised an event, had the objective of highlighting how the Madhya Pradesh was changing under the able leadership of Chief Minister Kamal Nath. The CM put forward his vision and steps to change the outlook of state.
  • Zee Punjab Haryana Himachal, addressing audiences across Himachal Pradesh and Haryana besides Punjab, enjoyed the 1st ranking with 29.4% market share and reached more than 5.50 million viewers. (Source: BARC, All 15+, PHCHPJ&K, 0600-2400 hrs, Wk 01'20 – 13'20).
  • Zee Uttar Pradesh Uttarakhand achieved the 9.8 minutes viewer stickiness and reached more than 1.93 million viewers. (Source: BARC, All 15+, UP/UK, 0600-2400 hrs, Wk 01'20 – 13'20).
  • Zee Bihar Jharkhand, our regional channel targeting the states of Bihar and Jharkhand, maintained its top position in the market with 66.4% market share, 20.2 minutes ATSV and reached more than 3.03 million. (Source: BARC, All 15+, Bihar/Jharkhand, 0600-2400 hrs, Wk 01'20 – 13'20).
  • Zee Rajasthan, our regional channel catering to Rajasthani population, enjoyed the 1st ranking with 20.4 minutes viewer stickiness. (Source: BARC, All 15+, Rajasthan, 0600-2400 hrs, Wk 01'20– 13'20, weekly ATSV).
  • Zee Salaam, our offering for Urdu audience, is at top position with 58.2% market share and 16.6 minutes ATSV. (Source: BARC, All 15+, India, 0600-2400 hrs, Wk 01'20 – 13'20).
  • Zee Odisha, our regional news channel for Odia audience, reached over 4.15 million viewers. (Source: BARC, All 15+, Odisha, 0600-2400 hrs, Wk 01'20 – 13'20, average weekly average weekly cumulative reach).
  • Zee 24 Kalak, offering for Gujarati population, reached over 5.79 million viewers. (Source: BARC, All 15+, Guj/D&D/DNH, 0600-2400 hrs, Wk 01'20 – 13'20, average weekly cumulative reach).

Report By: Mayank Agarwal 
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