• The document is a regulatory filing containing the transcript of a post-results earnings conference call held on October 30, 2026, to discuss the company's performance for the quarter and half year ended September 30, 2026 (Q2 FY27).
  • The call was hosted by the company's management team, including CEO Mr. Punit Goenka and Deputy CEO & CFO Mr. Mukund Galgali, with Mr. Ankit Arora, Head of Investor Relations, moderating.
  • The stated purpose was to provide a strategic and financial overview of Q2 FY27 results, followed by a question-and-answer session with analysts.

Financial & Operational Highlights (As Disclosed)

Financial Performance:

  • Operating Revenue: Grew 13% Year-on-Year (YoY).
  • ZEE5 Revenue: More than doubled YoY and grew 37% Quarter-on-Quarter (QoQ) to INR 6.3 billion.
  • Subscription Revenue: Increased 30% YoY, driven by higher ARPU and subscriber growth in digital and increased pricing in linear TV.
  • Advertising Revenue: Remained flat YoY but grew 20% QoQ.
  • EBITDA: Stood at INR 708 million, with a margin of 3.2%.
  • Profit After Tax (PAT): Was INR 456 million for the quarter.
  • Balance Sheet: Cash and treasury investments stood at INR 25.7 billion as of September 2026, bolstered by receiving INR 7.4 billion from the first tranche of a preferential warrant allotment to promoters.

Business Updates:

  • Sports Business: Cited as a key growth driver. Highlighted the acquisition of long-term rights for FIFA World Cup (until 2034), Bundesliga, and Serie A. The FIFA World Cup 2026 reached over 400 million viewers across platforms, with 83% of viewership live on ZEE5.
  • Digital Business (ZEE5): Launched 34 shows and movies, including 9 original series. Noted investments in AI (Trinetra AI platform), UI/UX revamp, and personalization engines.
  • Linear TV Business: Claimed a network share of 20% (as of week 24), stated to be the highest in seven years. Maintained position as India's number 2 TV entertainment network.
  • Music Business: Reported over 59 billion total video views and more than 179 million subscribers on YouTube.
  • Studio Business: Released six movies (1 Hindi, 5 other languages) in the quarter.

Outlook:

Management expressed "cautious optimism" for the second half of FY27 (H2 FY27), expecting the growth momentum to continue, aided by the festive season and strategic initiatives across content.

Additional Notes Section

  • The transcript was filed with the stock exchanges (BSE and NSE) pursuant to Regulation 46(2)(oa)(iii) of the SEBI LODR Regulations, 2015.
  • The transcript is available on the company's website at the provided URL.
  • The document includes standard legal disclaimers regarding forward-looking statements.
  • The document is a transcript of the event itself; no separate attachments like presentation decks were mentioned within this specific filing.