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    Consider you are a stock market news analyser. You are given with the parsed text of a pdf of a stock.
    You have to analyse the text given and summarize the text to extract the following information:

    - What is the current capital expenditure of the company?
    - What is the current PAT of the company and what is the projected (potential or proposed) PAT of the company?
      Also give reason from the document that how did you came to this figure?
    - What is the current revenue/topline of the company and what is the projected (potential or proposed) revenue of the company?
      Also give reason from the document that how did you came to this figure?
    - What is the projected/potential/proposed profit and its brief details describing how it can be achieved?
    - What is the CAGR mentioned in the text?
    - What is the Turnover of the company mentioned in the text with timeframe like monthly, quarterly or annual?
    - Mention the time frame like quarterly, monthly or yearly as mentioned in the extracted text.

    The text is:
                                                                        
 
 
October 18, 2024 
 
Dear Madam/Sirs, 
 
Sub: Outcome of the Board Meeting held on October 18, 2024 
 
In compliance with the provisions of the Securities and Exchange Board of India (Listing 
Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’), we would 
like to inform that the Board of Directors of the Company in its meeting held today, inter-alia, 
has approved:  
 
 the Unaudited Financial Results of the Company and Limited Review Reports, both 
Standalone and Consolidated, for the quarter and half year ended September 30, 2024 
(‘Financial Results’). 
 
A copy of the Financial Results along with Earnings Release and Limited Review Reports 
issued by the Auditors of the Company are attached as Annexure – A ; 
 
 re-appointment of Mr. Punit Goenka (DIN 00031263) as the Managing Director & Chief 
Executive Officer of the Company for a period of 5 (five) years with effect from January 1, 
2025 to December 31, 2029 based on the recommendation of the Nomination & 
Remuneration Committee and subject to the approval of the shareholders of the Company.  
 
The details required under Regulation 30 of LODR Regulations read with SEBI Circular 
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are attached as 
Annexure – B ; 
 
 convening of the 42nd AGM of the Company on Thursday, November 28, 2024 at 4:00 p.m. 
IST through video conference and/or other audio-visual means in accordance with the 
relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange 
Board of India; 
 
 the Record Date for determining the entitlement of members for the final dividend for the 
financial year ended March 31, 2024 is Friday, November 8, 2024. The dividend, if 
approved by the shareholders will be paid on or after Friday, November 29, 2024. 
 
Notice of Record date in the prescribed format is attached as Annexure – C . 
 
 The Listing Department  
BSE Limited 
Phiroze Jeejeebhoy Towers  
Dalal Street, Fort, 
Mumbai 400 001 
BSE Scrip Code Equity : 505537                   The Listing Department  
National Stock Exchange of India Limited 
Exchange Plaza, 
Bandra Kurla Complex, 
Bandra (East), Mumbai – 400 051 
NSE Symbol : ZEEL EQ                                                                     
 
 
 
The Board Meeting commenced at 11:30 a.m. and concluded at 2.45 p.m.  
 
Kindly take the above on record.  
 
Thanking You, 
 
Yours faithfully, 
For Zee Entertainment Enterprises Limited 
 
 
 
Ashish Agarwal 
Company Secretary 
FCS6669 
 
Encl: As above 
 
  Earnings Update for Q2 FY25
Zee Entertainment Enterprises Limited –18 October 2024Disclaimer
Safe  Harbor  Statement :  This Release/Communication,  except  for the historical  information,  may  contain  statements,  including  the words  or 
phrases  such  as ‘expects,  anticipates,  intends,  will, would,  undertakes,  aims,  estimates,  contemplates,  seeks  to, objective,  goal,  projects,  should’  
and similar  expressions  or variations  of these  expressions  or negatives  of these  terms  indicating  future  performance  or results,  financial  or 
otherwise,  which  are forward  looking  statements . These  forward  looking  statements  are based  on certain  expectations,  assumptions,  anticipated  
developments  and other  factors  which  are not limited  to, risk and uncertainties  regarding  fluctuations  in earnings,  market  growth,  intense  
competition  and the pricing  environment  in the market,  consumption  level,  ability  to maintain  and manage  key customer  relationship  and supply  
chain  sources  and those  factors  which  may  affect  our ability  to implement  business  strategies  successfully,  namely  changes  in regulatory  
environments,  political  instability,  change  in international  oil prices  and input  costs  and new  or changed  priorities  of the trade . The Company,  
therefore,  cannot  guarantee  that the forward -looking  statements  made  herein  shall  be realized . The Company,  based  on changes  as stated  above,  
may  alter,  amend,  modify  or make  necessary  corrective  changes  in any manner  to any such  forward  looking  statement  contained  herein  or make  
written  or oral forward -looking  statements  as may  be required  from  time  to time  on the basis  of subsequent  developments  and events . The 
Company  does  not undertake  any obligation  to update  forward  looking  statements  that may  be made  from  time  to time  by or on behalf  of the 
Company  to reflect  the events  or circumstances  after  the date  hereof .
This document  should  be read  in conjunction  with  the published  financial  results . Certain  analysis  undertaken  and represented  in this document  
may  constitute  an estimate  or interpretation  and may  differ  from  the actual  underlying  results . 
Use of Operating  Metrics : The operating  metrics  reported  in this presentation  are calculated  using  internal  company  data . While  these  numbers  
are based  on what  we believe  to be reasonable  estimates  for the applicable  period  of measurement,  there  are some  inherent  challenges  in these  
measurements . The methodologies  used  to measure  these  metrics  are susceptible  to source  issues,  calculation  or other  technical  errors . We 
regularly  review  our processes  for calculating  these  metrics,  and from  time  to time  we may  discover  inconsistencies  in our metrics  or may  make  
adjustments  to improve  their  accuracy,  which  can result  in adjustments  to previously  disclosed  metrics . In addition,  our metrics  will differ  from  
estimates  published  by third  parties  due to differences  in methodology . 
2ContentMaking Steady Progress 4
Q2 FY25 Key Performance Highlights 7
Business Performance 8
H1 & Q2 FY25  Financial Performance 13
Growth Strategy 19
Making Steady Progress towards our Financial Aspirations (1/3)
Revenue growth Subscription Revenue 
•YoY growth has exceeded 9% YoY in last 3 quarters
Advertising Revenue
•Macro Ad environment softness has restrained our ability to drive 
advertising revenue growth  
•Ad revenue performance remains ahead of comparable industry peers
•Strengthened competitive positioning with 60 bps network viewership 
share gain  in last two -quarters and well positioned to capitalise on Ad 
spends recovery
                        
                     
                    
                     
Our aspiration
 Progress we have made
Target 8-10% overall 
revenue CAGR with 
current portfolio
4ProfitabilityMaking Steady Progress on Financial Objectives (2/3)
Our aspiration
 Progress we have made
Aspire to deliver 
industry -leading 
18-20% EBITDA margin
                        
                     Overall Business 
•Prudent cost discipline and 
focused execution has enabled us 
to clock 630 bps improvement in 
EBITDA margins in a challenging 
macro environment 
                        
                     
Digital Business
 
•Significant progress has been made 
towards achieving a balanced cost 
structure, to sustain long -term 
growth in ZEE5
                     
                 
5
10.2%
9.7%
12.8%
16.0%
Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25EBITDA Margin
2,440
2,652
1,777
1,588
Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25Digital EBITDA Loss (Rs Mn)Balance SheetMaking Steady Progress on Financial Objectives (3/3)
Our aspiration
 Progress we have made
Continue to maintain a 
Healthy Balance Sheet and 
liquidity
                        
                     Content inventory 
and advances 
•Content Inventory and Advances 
Continues to decline driven by 
optimised acquisition and movie 
releases
                        
                     
Cash and Cash
equivalent 
 
•Strong FCF generation driven by 
improving profitability and 
optimisation of working capital  
•Secured access to growth capital
                  
                     
6
75.2
74.2
70.5
70.1
Dec'23 Mar'24 Jun'24 Sept'24Content Inventory and  
Advances (Rs Bn)
8.3
11.9
13.2
17.8 *
Dec'23 Mar'24 Jun'24 Sept'24Cash and Cash Equivalent (Rs Bn)
* Sep -2024 Cash and cash eq. includes Rs 2 Bn proceeds from first tranche of FCCBQ2 FY25 Key Performance Highlights
Viewership Share : BARC, All 15+ Yrs, (U )
* Cash and cash eq. includes Rs 2 Bn proceeds from first tranche of FCCBShows and Movies 
(Incl. 5 Originals) 
Released in Q2 FY25FCF/ PAT in H1 FY25EBITDA Margin, up 240 bps YoY; 
Q2 FY25 EBITDA of Rs 3,210 Mn16.0% 1.2x
7ZEE5 QoQ Revenue Growth;
Q2 FY25 Revenue Rs 2,363 MnHealthy performance in digital continuesProfitability driven by effective cost management
Reduction in Q2 FY25 
EBITDA losses QoQ;Q2 FY25 All India TV 
Network Share;
Up 100 bps QoQ17.4%ZEE Network gains share in key language 
markets
                      
                     
16 6% 189 MnHealthy Balance sheet and cash generation
YoY Growth in Q2 FY25 PAT from 
continuing operation of Rs 2,095 Mn61%
Cash and Cash 
Equivalent as of Sept’24Rs 17.8 Bn*From giving India its first private satellite TV channel in 1992, 
to reaching 1.3 billion viewers around the world through linear 
and digital platforms. ZEE, today, is the global entertainment 
go-to, with an integrated team creating and serving 
extraordinary content.
Business
Performance
Domestic Linear: TV Landscape Stable;
Zee Network Share Up 100 bps QoQ, Well Placed to Capitalise On Ad Environment Recovery
TV reach & Impression Source: BARC, All 2+ Yrs, (U + R)
Impression is defined as the total human -minutes of viewing of content, averaged per minute across total duration. ZEE Network Share
Total TV viewership 
remains stableIndustry TV Reach and Impressions
16.8%17.1%17.9%
16.4%17.4%
FY23 FY24 Q2 FY24 Q1 FY25 Q2 FY25
Key Launches in Q2FY25
Viewership Focus: 
Zee TV, Zee Marathi and Zee 
Tamil
Monetization Focus: 
Zee Kannada, Zee Bangla, Zee 
Sarthak, Zee Punjabi, Zee Telugu 
& Hindi movies/ CinemaInvest & Grow
Strengthen & Monetize
764
755 755
Q2 FY24 Q1 FY25 Q2 FY25Weekly Reach (mn)
29.428.7 28.6
Q2 FY24 Q1 FY25 Q2FY25Weekly Impressions (bn) Network share impacted 
by Cricket & Election
All 15+ (U)
9ZEE5: Significant Progress Made Towards Streamlining the Overall Cost Structure 
*EBITDA loss excludes costs incurred by the business on ZEEL network;  
ZEE5 Revenue and EBITDA includes Zee’s other digital businessesQ2 FY25 Impact Releases
1,9432,200
1,9392,652
2,2322,3722,2372,363
Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25
-2,820
-3,113
-3,421-2,539 -2,440-2,652-1,777-1,588
Q3 FY25 Slate
➢Healthy trends in usage and engagement metrics continue.
➢Focused on maintaining a balanced cost structure, to sustain long -term growth.
➢Expect performance improvement momentum to sustain in H2, with growth 
providing some operating leverage.
➢16 shows and movies released during the quarter including 5 originals Key
HighlightsTotal Revenue (Rs Mn)
EBITDA* (Rs Mn)
Q2 FY25 revenues 
up 6% QoQ
Rs 189 mn reduction in 
Q2 FY25 EBITDA loss QoQ
10ZEE Studio: 2 Hindi and 2 Other Language Movies Released During Q2 FY25
Produced by 
ZEE StudioProduced by 
ZEE StudioHindi 
MoviesOther 
Language  
Movies
Distributed by 
ZEE Studio
Produced by 
ZEE Studio
11Zee Music Company (ZMC) 
2nd Largest Music Label with ~156 Mn Subscribers on YouTube
HindiOther 
LanguagesSingles / 
Albums
9 18 141ZMC added 3.5 Mn YouTube subscribers across channels 
during the quarter on back of new acquisition and catalogue
Rights 
Acquired
in Q2 FY25
142153 15645 4646
Q2 FY24 Q1 FY25 Q2 FY25All ZMC YouTube Channels Video Views & 
Subscribers Count
Total Subs count (Mn) Total Video Views during the Quarter (Bn)Q2 FY25 Key Catalogue Additions
12H1 & Q2 FY25
 Financial
 Performance
19,20118,130
17,95319,571
7,0623,611
H1 FY24H1 FY25Operating Revenue Breakup (Rs Mn)
Advertising Subscription
 Other Sales & ServicesH1 FY25 EBITDA Margin at 14.3%; YoY Increased by 330 bps,
Continued Sharp Focus on Frugality, Optimization and Quality Content Across the Business
Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessaryYoY 6% 9%
25,68722,385
5,1954,533
5,5045,489
2,9532,979
H1 FY24H1 FY25Cost Breakup (Rs Mn)
Operating Personnel A&P
 Others49%(INR Million) H1 FY24 H1 FY25 YoY
Operating Revenue 44,216 41,312 -7%
Expenditure -39,339 -35,386 -10%
EBITDA 4,877 5,926 22%
EBITDA Margin 11.0% 14.3%
Other Income 862 527
Depreciation -1,557 -1,488
Finance cost -468 -138
Fair value through P&L 38 11
Exceptional Items/ JV & Associate -1,902 -175
Profit Before Tax (PBT) from 
continuing operations1,850 4,663 152%
Provision for Tax -513 -1,311
Profit after Tax (PAT)  from 
continuing operations1,337 3,352 151%
Profit from discontinuing 
operations-642 -77
Profit for the period/year 695 3,275 371%
14
9,7929,1139,017
8,8789,8729,699
5,7082,3201,291
Q2 FY24Q1 FY25Q2 FY25Operating Revenue Breakup (Rs Mn)
Advertising Subscription
 Other Sales & ServicesQ2 FY25 EBITDA Margin at 16.0%; QoQ Increased nearly by 320 bps; 
Effective Cost Management Aided the Profitability
Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessaryQoQ
YoY1%
8%2%
9%44%
14,25411,77010,615
2,5992,2582,275
2,7312,8962,593
1,4671,6651,314
Q2 FY24Q1 FY25Q2 FY25Cost Breakup (Rs Mn)
Operating Personnel A&P
 Others77%(INR Million) Q2 FY24 Q1 FY25 Q2 FY25 QoQ YoY
Operating Revenue 24,378 21,305 20,007 -6% -18%
Expenditure -21,051 -18,589 -16,797 -10% -20%
EBITDA 3,327 2,71 7 3,210 18% -4%
EBITDA Margin 13.6% 12.8% 16.0%
Other Income 718 190 337
Depreciation -772 -756 -732
Finance cost -234 -55 -83
Fair value through P&L 0 -11 22
Exceptional Items/ JV & Associate -1,197 -285 110
Profit Before Tax (PBT) from 
continuing operations1,842 1,799 2,864 59% 55%
Provision for Tax 543 542 769
Profit after Tax (PAT)  from 
continuing operations1,299 1,257 2,095 67% 61%
Profit from discontinuing 
operations-69 -76 -1
Profit for the period/year 1,230 1,181 2,094 77% 70%
15
Q2 FY25: Margin Improvement Journey Continues Despite Soft Macro Environment 
• Decline in operating cost YoY was driven by lower programming and technology cost. 
• Strong cost discipline across every element of cost structure.• Continued healthy growth driven by both Linear subscription revenue post NTO 3.0 & ZEE5.
• Other sales and services declined YoY as Q2 FY24 had higher theatrical revenue from Gadar 2 and other syndication. 
• Lower A&P and Other expenses led by decline in marketing from higher base of Q2 FY24 due to Gadar 2. 
• Q2 FY25 Advertising revenue : Rs 409 Mn, Subscription revenue : Rs 1,044 Mn, Other Sales & Services : Rs 134 Mn • EBITDA for the quarter came at Rs 3,210 Mn; 
• Q2 FY25 Margin at 16.0%; • Domestic advertising revenue for the quarter declined by 9% YoY , impacted by muted Ad spending environment in Q2.
• While Ad Spending is picking up with onset of festive season, sustained recovery remains the key.
Advertising  
revenues
Operating cost Subscription 
revenues
Other Sales & 
Services revenues
A&P and Other 
expenses
International  
revenue  break -upEBITDA
16Condensed Balance Sheet 
*The cash & treasury investments of the company as of Sept’24 stood at Rs 17,815 Mn, including Mutual Fund of Rs 6,022 Mn, Ba nk FDs of Rs 8,372 Mn and Cash balance of Rs 3,421 Mn.
  The closing cash balances as on 30th Sept’24 includes proceeds from first tranche of FCCB issued during the quarter amounting to Rs 2,000 Mn. 
17Assets (Rs. Mn) Mar'24 Sept'24
Non-Current Assets
Fixed assets 12,137 10,943 
Investments 391 381 
Other financial assets 603 1,293 
Income tax & Deferred tax assets 9,023 9,313 
Others Non -Current Assets 65 23 
Current Assets
Inventories 69,129 65,037 
Cash and other investments 11,932 17,815 
Trade receivables 17,016 16,973 
Others financial assets 3,630 4,227 
Other current assets 9,725 9,156 
Non-current assets – HFS/ disposal 846 38 
Total Assets 1,34,497 1,35,199 Liabilities (Rs. Mn) Mar'24 Sept'24
Equity Capital 1,08,728 1,12,573 
Non-Current Liabilities
Lease Liab/Other borrowings 1,621 2,575 
Provisions 1,671 1,576 
Current Liabilities 
Lease Liab/Other borrowings 682 726 
Trade Payables 14,356 12,403 
Other financial liabilities 2,816 1,732 
Other current liabilities 4,421 3,191 
Provisions 172 181 
Income tax liabilities 12 211 
Liabilities associated with assets - HFS/ disposal 18 31 
Total Equity & Liabilities 1,34,497 1,35,199 Content Inventory and Advances Continues to Decline in Q2 FY25 Driven by Optimised Acquisition
63% 65% 64% 64% 64% 65% 67%14% 13% 14% 14% 14%14% 13%7%9% 11%13% 16% 14% 12%17% 14% 12%8% 7% 7% 7%
FY20 FY21 FY22 FY23 FY24 Jun'24 Sept'24
Content Advances
Movies Production, Music &
Others
Shows
Movies RightsRs 64.1 Bn
Rs 62.7 BnRs 72.5 BnRs 79.6 Bn
Rs 70.5 BnRs 74.2 Bn
Rs 70.1 BnDecreased by Rs 4.1 Bn 
during H1 FY25
18• New Show Launches in 
Hindi and language 
markets
• Marketing investments 
for brand building
• Content experimentation 
• Selective new content/ IP 
Acquisition Refreshing & Sharpening 
content offerings across 
linear and digital business
• Digital (ZEE5)
• International Business 
• Music 
• Language MarketsInvesting in high growth 
segments
• Monetization avenues 
for our rich content 
library while balancing 
our longer -term strategic 
objectives through 
content syndication Monetisation of existing 
IP & Content 
Growth 
Strategy 
THANK
YOU


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