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Dolat Capital: Zee Entertainment Q1 Review - Winds Of Change, Finally  

Dolat Capital: Zee Entertainment Q1 Review - Winds Of Change, Finally

A man holds a television remote control unit. (Photographer: Chris Ratcliffe/Bloomberg)
A man holds a television remote control unit. (Photographer: Chris Ratcliffe/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 Q1 FY21 operating performance was weak with 66% advertisement-revenue de-growth led by Covid-19.

But there were several other structural positives-

  1. Improvement in cash and cash equivalents (C&CE) by Rs 3 billion
  2. Resignation of Mr. Subhash Chandra Goenka as Non-Executive Director Viz. Indian entrepreneur promoter rarely step-out
  3. Decline in inventory post several years of consistent increase
  4. Improvised disclosure wrt Zee5 financials and quarterly balance sheet are forthcoming and
  5. Upbeat management commentary wrt growth, margin and free cash flow is positive.

Click on the attachment to read the full report:

Dolat Capital Zee Q1FY21 Result Update.pdf

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