Dolat Capital: Zee Entertainment - One-Step Forward, One-Step Backward  
A man holds a television remote control unit. (Photographer: Chris Ratcliffe/Bloomberg)

Dolat Capital: Zee Entertainment - One-Step Forward, One-Step Backward  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Zee Entertainment Enterprises Ltd.’s Q2 FY21 operating performance was in-line with revenue / Ebitda/ adjusted profit after tax decline of 19/43/51% YoY.

As company promised upon improvement in 5Gs (governance, granularity, growth, goodwill, and gusto) in Q1 FY21, the sudden pop-up of failure of related party viz.

Siti Networks to meets banks obligations was a key-negative surprise that wasn’t called out by company.

The company provided for balance outstanding receivables from Siti of Rs 0.8 billion (Rs 1.2 billion provided earlier).

Click on the attachment to read the full report:

Dolat Capital Zee Q2FY21 Result Update.pdf


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