Zee Entertainment - 1QFY14 results - Nirmal Bang Institutional

- Reported good set of numbers
- Revenues grew 15.5% YoY on the back of 18.5%/16.5% growth in Ad/subscription revenues
- EBIDTA margins grew 230 bps YoY to 30% on the back of lower programming and operating costs
- Adj PAT is up 29% YoY to Rs.178 crore.
- Stock is trading at an annualized P/E of 28x

Source : Equity Bulls

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