Zee Media Corporation Limited (ZMCL) has reported 38% increase in operating revenue at Rs 206.14 crore in Q2 FY22 from Rs 150 crore in Q2 FY21. The company's advertisement revenue jumped 41% to Rs 195 crore from Rs 139 crore. Subscription revenue was up 3% to Rs 9.6 crore from Rs 9.3 crore.
During the quarter under review, operating expenditure increased by 42.1% to Rs 144 crore from Rs 101.26 crore. Employee benefits expenses increased by 15% to Rs 50.43 crore from Rs 43.9 crore. Marketing, Distribution and Business Promotion expenses zoomed by 77% to Rs 25.52 crore from Rs 14.4 crore.
EBITDA increased by 28.7% to Rs 62.24 crore from Rs 48.35 crore in Q2 FY21. The company slipped into a net loss of Rs 102.6 crore as against a net profit of Rs 18.5 crore due to exceptional items expense of Rs 125.6 crore.