Zee Media Corporation Limited (ZMCL) today reported consolidated revenues of Rs 1,144.5 mn for first quarter of fiscal 2018 reporting a YoY growth of 9.7% from Rs 1043.2 mn in Q1FY17. Ad revenue showed a 16.7% YoY growth at Rs 1018.7 mn from Rs 872.9 mn in Q1FY17.
Subscription revenue declined sharply by 29% YoY at Rs 109.9 mn down from Rs 154.8mn in Q1FY17.
The Network incurred expenditure of Rs 892.4 mn in the first quarter up from Rs 822.8 mn in Q1FY17 registering a YoY growh of 8.5%.
For the quarter ended June 30, 2017, Operating Profit (EBIDTA) of the network was at Rs 252.2 mn, up from Rs 220.4 mn growing YoY by 14.4%.
PAT degrew 25% at Rs 73.8 mn down from Rs 98.5mn in Q1FY17.