Zee Leisure Enterprises has reappointed Punit Goenka as managing director and CEO for a five-year time period, beginning January 1, 2025, and ending December 31, 2029. This reappointment is topic to shareholder approval, the corporate acknowledged in a BSE submitting.
Because the managing director and chief government officer of ZEE Leisure Enterprises, Goenka is efficiently spearheading the diversified and worthwhile leisure firm comprising of broadcast, digital, motion pictures and music.
With over 25 years within the trade, he has been on the forefront of figuring out alternatives and steering the corporate’s growth throughout 190+ international locations globally. Goenka’s focus has been on enhancing the corporate’s efficiency and reaching its focused objectives, by creating high quality leisure content material and bringing a couple of constructive change within the society.
He presently serves as a director on the board of the Indian Broadcasting & Digital Basis (IBDF). Beforehand, he held key positions together with chairman of the Broadcast Viewers Analysis Council (BARC) India, the place he was a part of the founding staff; chairman of IBDF, main essential discussions with policymakers; and president of the India Chapter of the Worldwide Promoting Affiliation (IAA).
The corporate has introduced its monetary outcomes for the quarter ended September 2024, reporting a considerable enhance in web revenue and an enchancment in revenue margins, together with key company updates.
Within the second quarter of FY25, Zee reported a 61% rise in web revenue, reaching Rs 209 crore, in comparison with Rs 130 crore in the identical interval final yr. Nevertheless, income from operations declined by 19%, dropping to Rs 2,034 crore from Rs 2,510 crore in Q2FY24.
Earnings Earlier than Curiosity, Tax, Depreciation, and Amortisation (EBITDA) decreased by 4% to Rs 321 crore, whereas the margin improved by 240 foundation factors, rising to 16% from 13.6% within the earlier yr. Zee additionally reported important progress in reaching a balanced price construction for its digital enterprise, ZEE5, to help long-term development. The EBITDA loss for the digital section narrowed to Rs 158.8 crore, in comparison with Rs 265.2 crore final yr.
Written with the View : afaqs