GECs
Zee declares Rs 1.9b. net profit for FY2002
MUMBAI: Successful digitisation as well as the phenomenol success of film of last year’s blockbuster hit Gadar helped Zee Telefilms Ltd to register a Net profit of Rs 1.95 billion on gross revenues of Rs 11.55 billion for the year ended March 2002.
The company has declared the audited financial results for the year FY02 on Tuesday. The consolidated profit after tax (PAT) is lower by Rs 56.8 million than the unaudited PAT declared earlier. The difference is largely due to accelerated amortisation of deferred revenue expenditure, the company has stated.
Gross advertisement revenue for FY02 amounted to Rs 6.60 billion and contributed to 57 per cent of total revenues. Going pay has definitely helped the company to garner Rs 3.17 billion contributing 27 per cent of the total revenues. Domestic subscription revenues from DTO (direct to operator) operations amounted to Rs 987 million. Strong international presence is also contributing to earnings.
Other sales and services, which included film business, education, music and syndication revenues contributed Rs 989 million to revenues. The major contributor being the commercially successful film Gadar Ek Prem Katha , which contributed Rs 204 million to revenues.
Total operating expenses during FY2002 amounted to Rs 7.72 billion. Cost of goods, which includes transmission and programming costs, accounted for the largest share with Rs 4.44 billion. Zee had external debt of Rs 7.44 billion as of 31 March 2002, which resulted in higher finance costs of Rs 808 million.
The board of directors, in its meeting held on Tuesday, has taken on record the audited financial results of Zee Telefilms Limited and the audited consolidated financial results of Zee Telefilms Limited along with its subsidiaries, for the year ending 31 March, 2002. The company also has declared a dividend of 55 per cent for the same period to its shareholders.
Zee has for the first time prepared its consolidated financials statements in accordance with mandatory accounting standard AS-21 on “Consolidated Financial Statement” issued by the Institute of Chartered Accountant of India. The figures for the previous year have not been compared as this being the first year of consolidation, comparison with previous year would not be available, the company release states.
The audited results came after closing hours of the stock market. Zee Telefilms scrip was volatile on the Mumbai stock exchange on Tuesday. The stock rose to a high of Rs 87.10 in early trades on renewed buying, after a recent fall from the higher levels. However, the stock lost ground in late-morning trades once again from its higher levels to touch the days low of 84.10 in the afternoon. There has been massive institutional selling on the counter in the last few sessions.
GECs
Asianet Television Awards 2026 celebrates women power in Malayalam TV
“She is the Colour” theme honours icons as ceremony airs on March 14 and 15 at 7 PM.
MUMBAI: If television lights up living rooms, this year Asianet decided to let women provide the colour. The Asianet Television Awards 2026 turned the spotlight firmly on women empowerment with the theme “She is the Colour”, celebrating the strength, resilience and achievements of women who continue to shape society and the Malayalam entertainment industry.
The ceremony honoured several distinguished personalities whose journeys have left a lasting cultural imprint. Among them was legendary playback singer Vimala Varma, widely recognised as the first Malayalam playback singer. The evening also paid tribute to Padma Shri awardees Devaki Amma and Vimala Menon for their exceptional contributions in their respective fields.
Leading women from the Malayalam film industry were also recognised during the event, including actor Shweta Menon, who currently serves as president of the Association of Malayalam Movie Artists, and National Award winning actor Surabhi Lakshmi.
The awards ceremony brought together a glittering lineup of actors and industry figures, including Jayasurya, Vijay Babu, Asha Sarath, Lena, Esther Anil, Anumol, Akhila Bhargavan, Sarayu Mohan, Prajod Kalabhavan, Gayathri Suresh, Sabumon Abdusamad, Swasika, Tini Tom, Sijoy Varghese, Kailash, Veena Nandakumar, Sabareesh Varma, Ansiba Hassan and Dinesh Prabhakar. Kishan Kumar, executive vice president Malayalam at JioStar, was also present at the event.
Beyond individual recognitions, the awards celebrated excellence across Malayalam television, acknowledging artists and technicians whose work continues to drive the industry forward.
The evening also offered plenty of spectacle, with elaborate dance performances, stunt acts and comedy skits performed by popular television and film personalities, turning the ceremony into a full fledged entertainment showcase.
Viewers will get to watch the celebrations when the Asianet Television Awards 2026 air on Asianet on March 14 and 15, Saturday and Sunday, from 7 pm onwards, bringing the star studded tribute to homes across Kerala and beyond.
