{"id":141768,"date":"2023-02-15T03:48:57","date_gmt":"2023-02-15T08:48:57","guid":{"rendered":"https:\/\/44.250.171.167\/?p=141768"},"modified":"2023-02-15T03:48:58","modified_gmt":"2023-02-15T08:48:58","slug":"zee-entertainment-enterprises-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Zee Entertainment Enterprises Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Zee Entertainment Enterprises Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ZEEL\/\">ZEEL<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:13:19] Abneesh Roy from Nuvama asked about cash and investments being down almost half for 9 months and its outlook. Rohit Gupta CFO answered that 3Q23\u2019s exceptional item includes recognized revenue of Siti, impairment of entities from Zee Learn, merger-related costs, and a provision for Dasara. Cash flow is affected by dividend payout and free-cash flow over the last nine months due to debt and advertising revenues. In future, investments will be made in Zee5 in content, technology, and marketing.<\/li>\n<\/ul>\n<ul>\n<li>[00:17:20] Abneesh Roy from Nuvama also asked about the current strategy for Zee Anmol in light of the advertising cuts and new approvals from NTO-2. \u00a0Punit Goenka CEO said ZEEL is not thinking about the FPA strategy because it could hamper the potential growth for [pay-TV] that will come back with NTO-3 implementation in three years.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:17] Vivekanand S at Ambit asked about the investment made in Zee Learn NCDs. Rohit Gupta CFO answered that Zee Learn NCDs were guaranteed by Zee. Zee took over the NCDs in 2020 and payments from Zee Learn have come down from INR45 crores to INR25 crores. In the past few months, payments stopped coming in, so a call was taken to provide for them because of insolvency remittance.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:48] Jinesh Joshi of Prabhudas Lilladher asked about any data and response to the response with inaugural IL-T20 league. Rohit Gupta CFO answered that the IL-T20 inaugural session has been well received. Advertising uptake for the league has been good and it is within budget, but it may take a few years to become profitable.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:16] Arun Prasad from Avendus Spark asked what can be inferred from the divergence of trends in MAUs, DAUs, watch time, and revenue in Zee5 over the last 9 months, and it\u2019s outlook. Punit Goenka CEO replied that MAUs and DAUs have increased over the last 9 months, with DAUs going from 7-8 million to 11.5 million. However, this is an aberration and expected to stabilize back to levels of 180-200 seen for the last three quarters.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:26] Kunal Vora from BNP Paribas enquired about ad revenue growth, subscription revenue growth and margins in FY24. Punit Goenka CEO said ZEEL is not giving guidance for FY24 yet, but subscription revenues will see single-digit growth when NTO 3.0 is implemented.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:03] Kunal Vora from BNP Paribas asked that on ads, if ZEEL is seeing any signs of recovery. Punit Goenka CEO replied that headwinds on the inflation side and the rural thing hopefully will bounce-back soon enough for consumption to again pick up and therefore advertising should come back.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:29] Kunal Vora from BNP Paribas also asked about the reason for sharp decline in avg. viewership minutes in digital. Punit Goenka CEO said it due to new users whose consumption is generally lower in the beginning months. It&#8217;s only once they get used to the platform that they can view more.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:34] Ankur Periwal from Axis Capital enquired about the one-off, if the merger cost is all done. Punit Goenka CEO answered that the merger is not yet done, so it will continue.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:34] Aditya Chandrasekar from UBS asked if the subscription revenue growth from Siti Cable in 3Q a cumulative catch-up from prior quarters. Rohit Gupta CFO clarified that it\u2019s entirely catch-up.<\/li>\n<\/ul>\n<ul>\n<li>[00:46:54] Pulkit Chawla from Emkay Global asked about drivers of market share decline in 3Q23 again. Punit Goenka CEO said it\u2019s immaterial as it\u2019s not happened in any one given channel. It happens every quarter; there is gain in some and decline in some.<\/li>\n<\/ul>\n<ul>\n<li>[00:51:37] Satish Jain at Money First Capital asked about the investment in the movie business and the revenue and profitability from it. Punit Goenka CEO said ZEEL has a decent slate for 2023 that\u2019s already signed. The movie business have been profitable for ZEEL but details cannot be given.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Zee Entertainment Enterprises Limited (ZEEL) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:13:19] Abneesh Roy from Nuvama asked about cash and investments being down almost half for 9 months and its outlook. Rohit Gupta CFO answered that 3Q23\u2019s exceptional item includes recognized revenue of Siti, impairment of entities from Zee Learn, merger-related costs, [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Zee Entertainment Enterprises Limited Q3 FY23 Earnings Conference Call Insights #ZEEL #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5749],"tags":[10169,1951,8181],"class_list":["post-141768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-entertainment-stocks","tag-earnings","tag-entertainment","tag-media"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":158746,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":141768,"position":0},"title":"Zee Entertainment Enterprises Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 14, 2024","format":false,"excerpt":"Key highlights from Zee Entertainment Enterprises Limited (ZEEL) Q3 FY24 Earnings Concall Sony Merger Termination Announced that Sony terminated the proposed merger through a communication on Jan. 22nd, 2024. The Board reviewed it and took appropriate legal steps in the best interest of shareholders. Zee approached NCLT seeking direction on\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":141407,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-enterprises-limited-zeel-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":141768,"position":1},"title":"Zee Entertainment Enterprises Limited (ZEEL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 13, 2023","format":false,"excerpt":"Zee Entertainment Enterprises Limited (NSE: ZEEL) Q3 FY23 Earnings Concall dated Feb. 13, 2023 Corporate Participants: Mahesh Pratap Singh\u00a0--\u00a0Investor Relations Punit Goenka\u00a0--\u00a0Chief Executive Officer Rohit Gupta\u00a0--\u00a0Chief Financial Officer Analysts: Abneesh Roy\u00a0--\u00a0Nuvama Institutional Equities -- Analyst Vivekanand S\u00a0--\u00a0Ambit Private Limited -- Analyst Jinesh Joshi\u00a0--\u00a0Prabhudas Lilladher -- Analyst Arun Prasad\u00a0--\u00a0Avendus Spark --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143360,"url":"https:\/\/alphastreet.com\/india\/indigo-paints-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":141768,"position":2},"title":"Indigo Paints Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 22, 2023","format":false,"excerpt":"Key highlights from Indigo Paints Limited (INDIGOPNTS) Q3 FY23 Earnings Concall Management Update: [00:09:29] INDIGOPNTS said it will soon be launching a range of waterproofing and construction chemicals in the retail space. [00:10:13] INDIGOPNTS said it experienced good growth in January 2023, and plans to be aggressive in trade discounts\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139338,"url":"https:\/\/alphastreet.com\/india\/united-spirits-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":141768,"position":3},"title":"United Spirits Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 26, 2023","format":false,"excerpt":"Key highlights from United Spirits Limited (MCDOWELL-N) Q3 FY23 Earnings Concall Q&A Highlights: [00:19:22] Jaykumar Doshi of Kotak asked about the nature of the program supply chain cost. \u00a0Pradeep Jain CFO said MCDOWELL wanted to provide a detailed overview of its multiyear program to accelerate its in-state manufacturing footprint. The\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148551,"url":"https:\/\/alphastreet.com\/india\/indigo-paints-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":141768,"position":4},"title":"Indigo Paints Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 8, 2023","format":false,"excerpt":"Key highlights from Indigo Paints Limited (INDIGOPNTS) Q4 FY23 Earnings Concall Management Update: [00:02:16] INDIGOPNTS said it crossed the milestone of INR1,000 crores on a net revenue basis. [00:11:18] INDIGOPNTS is beginning to start work on setting up a state-of-the-art 90,000 KL per annum paint plant at Jodhpur. Q&A Highlights:\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177268,"url":"https:\/\/alphastreet.com\/india\/zee-entertainment-q3-fy26-earnings-results\/","url_meta":{"origin":141768,"position":5},"title":"Zee Entertainment Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 23, 2026","format":false,"excerpt":"Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs \/ film rights \/ feeds \/music rights. Q3 FY26 Earnings Results Zee Entertainment reported 15% YoY revenue growth in Q3 FY26\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/141768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=141768"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/141768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=141768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=141768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=141768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}