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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 25.32 % in the past year, decrease in net sales/revenue by -1.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -11.43 %, Marginal increase in other income during this quarter, up by 117.77%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Zee Media Corporation Limited. Profit dropped by -58.97 % Year to Year, Zee Media Corporation Limited’s profitability increased by 59.47 % in this quarter.
- EPS over the Year and quarter: EPS declined by -57.50 % Year to Year. EPS increased by 70 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 140.41 Cr | Rs. 178.982 Cr | Rs. 175.956 Cr | -1.69 % | + 25.32 % |
Expenses | Rs. 160.19 Cr | Rs. 152.84 Cr | Rs. 161.19 Cr | + 5.46 % | + 0.62 % |
Operating Profit | Rs. -19.78 Cr | Rs. 26.14 Cr | Rs. 14.77 Cr | -43.5 % | + 174.67 % |
OPM % | -14.09 % | 14.6 % | 8.39 % | -6.21 % | + 22.48 % |
Other Income | Rs. 10.6 Cr | Rs. 4.311 Cr | Rs. 9.388 Cr | + 117.77 % | -11.43 % |
Interest | Rs. 5.73 Cr | Rs. 8.4 Cr | Rs. 7.88 Cr | -6.19 % | + 37.52 % |
Depreciation | Rs. 19.23 Cr | Rs. 27 Cr | Rs. 30.23 Cr | + 11.96 % | + 57.2 % |
Profit before tax | Rs. -34.14 Cr | Rs. -4.95 Cr | Rs. -13.95 Cr | -181.82 % | + 59.14 % |
Tax % | -25.89 % | -32.27 % | -25.58 % | + 6.69 % | + 0.31 % |
Net Profit | Rs. -25.31 Cr | Rs. -6.51 Cr | Rs. -10.39 Cr | -59.6 % | + 58.95 % |
EPS in Rs | Rs. -0.4 | Rs. -0.1 | Rs. -0.17 | -70 % | + 57.5 % |
Today, we’re looking at Zee Media Corporation Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 25.32 %. However, it did see a marginal slip of -1.69 % from the previous quarter. Expenses ticked up slightly by 5.46 % quarter-on-quarter, aligning with the annual rise of 0.62 %. Operating profit, while up 174.67 % compared to last year, faced a quarter-on-quarter dip of -43.5 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 22.48 %, but a shrinkage of -6.21 % sequentially. Other income rose by 117.77 % compared to the last quarter, despite an annual decline of -11.43 %. Interest expenses dropped significantly by -6.19 % from the previous quarter, yet the year-over-year increase remains at a moderate 37.52 %. Depreciation costs climbed by 11.96 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 57.2 %. Profit before tax grew annually by 59.14 % but saw a reduction from the preceding quarter by -181.82 %.
Tax expenses as a percentage of profits increased slightly by 0.31 % compared to last year, with a more notable quarter-on-quarter increase of 6.69 %. Net profit rose by 58.95 % year-on-year but witnessed a -59.6 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 57.5 % but a quarterly fall of -70 %. In summary, Zee Media Corporation Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 140.41 Cr | Rs. 178.982 Cr | Rs. 175.956 Cr | -1.69 % | + 25.32 % |
Expenses | Rs. 160.19 Cr | Rs. 152.84 Cr | Rs. 161.19 Cr | + 5.46 % | + 0.62 % |
Operating Profit | Rs. -19.78 Cr | Rs. 26.14 Cr | Rs. 14.77 Cr | -43.5 % | + 174.67 % |
Net Profit | Rs. -25.31 Cr | Rs. -6.51 Cr | Rs. -10.39 Cr | -59.6 % | + 58.95 % |
EPS in Rs | Rs. -0.4 | Rs. -0.1 | Rs. -0.17 | -70 % | + 57.5 % |
In reviewing Zee Media Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 25.32 % year-on-year growth, although there was a slight dip of -1.69 % from the previous quarter. Expenses rose by 0.62 % compared to the previous year, with a 5.46 % increase quarter-on-quarter. Operating Profit surged by 174.67 % annually, and saw a -43.5 % decrease from the last quarter.
Net Profit showed yearly increase of 58.95 %, and experienced a -59.6 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 57.5 % annually, however dipped by -70 % compared to the last quarter. In essence, while Zee Media Corporation Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.