EBITDA for the quarter was Rs 489.2 crore up 36.4 per cent from last year's Rs 358.6 crore while EBITDA margins stood at 28.9 per cent. ZEE recorded PAT of Rs 244 crore in the quarter ended September 30, up 28.3 per cent from Rs 190.2 in Q2FY16 and PAT margin for the quarter under consideration stood at 14.4 per cent.
Subhash Chandra, chairman, ZEEL said, "ZEE reported well-rounded strong growth in revenues during the first half of financial year 2017. While we continue to add new channels to our domestic and international broadcasting businesses our new initiatives in movies, music, events and digital are taking shape and have started contributing to growth."
Goenka, managing director and chief executive officer, ZEEL added, "Our advertising revenues continue to grow ahead of market on the back of improving viewership share and better monetization of our bouquet. Growth in domestic subscription revenue was aided by catch up revenue in Q2. The first half of fiscal 2017 has been strong for us. Growth in advertisement spends has held up so far. Moderation in FMCG and e-commerce spends might have some impact on industry growth in the coming quarters. On the positive side increasing competition in telecom business would help ad spend growth. GST roll-out in the coming year could boost advertising spends as a part of potential savings in tax outgo might be reinvested."
He added, "Telecom Regulatory Authority of India (TRAI) has released draft regulations for broadcasting services and interconnection arrangement to increase transparency in content pricing and payment of carriage and to allow consumers to choose channels. These draft regulations are steps in the right direction and propose a host of changes to the existing system. Although it still remains to be seen what form the final regulation will take, we hope that improved transparency will enable various stakeholders to get their rightful share in subscription revenues."