Zee Leisure Enterprises on Thursday reported a consolidated internet revenue of ₹400 crore for the quarter ended 31 December, 2020. The corporate had posted a internet revenue of ₹349 crore within the year-ago interval.
The corporate’s Q3 consolidated whole earnings rose 30% to ₹2,757 crore as towards ₹2,120 crore in December 2019.
Excluding content material syndication deal, Q3 income at ₹2,178.1 crore, and the EBITDA is at ₹715.7 crore.
Home promoting grew by 7.5% and home subscription income grew by 9.3% on a like-to-like foundation, Zee Leisure mentioned in a regulatory submitting.
The corporate mentioned that the outbreak of COVID-19 pandemic has unfold globally and in India, which has affected financial actions.
“The influence on the outcomes for the quarter and 9 months ended 31 December 2020 is primarily on account of restrictions attributable to the COVID-19 on the enterprise actions,” Zee mentioned in a regulatory submitting.
Therefore, the outcomes for the quarter and 9 months ended 31 December 2020 should not strictly comparable with the outcomes of the sooner durations introduced, it additional mentioned. “The Group has assessed the influence of this pandemic and the identical has been included within the plans going ahead,” it added.
Zee additionally acknowledged that it has taken varied steps aimed toward augmenting liquidity, conserving money together with varied cost-saving initiatives, and sale of non-core and different belongings.
“Based mostly on the evaluation and steps being taken, the Group expects no additional changes to the carrying quantities of the property plant and gear, intangible belongings (together with goodwill), investments, receivables, stock and different present belongings, as at 31 December 2020,” it mentioned.
Shares of Zee Leisure Enterprises have been buying and selling 1.80% larger at ₹248.45 apiece on BSE.