ZEE Entertainment Enterprises Limited which has been superior in terms of performance for the third quarter of the FY25 exhibits quite strong profitability and operational excellence.
Remarkably, the EBITDA margin is at 16.1%, indicating 590 basis point growth YoY, with EBITDA level of ₹3,184 million. The main reason behind that profitability was very good cost management. The year-on-year increase in profit after tax (PAT) in our poetry operations also leaped to a staggering 207%, making the total ₹1,636 million.
ZEE Entertainment still holds a record of outstanding financial stability with cash and cash equivalents in possession of ₹17 billion for the accounting year of 2024. In the first nine months of FY25, one sees that the free cash flow (FCF) to the profit after tax (PAT) is at 0.9x, hinting excellent financial and cash generation aspects of the balance sheet.
ZEE TV network share increased from 16.9%, which was 40 basis points greater YoY to consolidate its stand in the key language markets. The first nine months of FY25 operations also saw a top-line growth of 8% for the ZEE5 business with FY25 Q3 top-line stood at ₹2,413 million. The company also saw EBITDA losses for ZEE5 coming down with a whopping 1,078 million below the previous quarter, the graph continues improving on the digital space.
Fourteen shows and films, seven of them being originals, were created in the quarter for content augmentation and supporting the company’s mission of delivering manifold and captivating content to its audience.
The results demonstrate an opportunity to depict the resilience of the company and its increasing performance on an overall per cent of the market.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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IREDA to Raise ₹4,500 Crore through QIP
Published on: January 23,2025.By: S Mallige Shree
The Indian Renewable Energy Development Agency (IREDA) has got the go-ahead to raise ₹4,500 crore in a Qualified Institutional Placement (QIP). This will help increase its financial strength and fund renewable energy schemes, as part of India’s clean energy push.
The QIP will reduce the government’s holding in IREDA up to 7%, lowering its holding of 75% as of June 2024. The money will improve IREDA’s balance sheet and boost its capacity to finance solar, wind, and other renewable energy schemes.
This injection of capital is one aspect of IREDA’s plan to address the growing need for renewable energy lending. By enhancing access to capital, the agency can be an essential driver of investment in India’s shift to clean energy alternatives.
This project helps the government achieve its aim of 500 GW of non-fossil fuel energy by 2030, reinforcing IREDA’s position in India’s transition towards green energy.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Indian Markets on 22 Jan: Stagnant Close with Mixed Performances
Published on: January 22, 2025 at 9.45 PM GMT.
As stated in Bhagavad Gita : (Bhagavad Gita 2.19)
अविनाशी तु तद्विद्धि य एनं न हन्ति हन्ति।
Know that the soul is eternal and cannot be killed.
24th January is celebrated as National Girl Child Day!
