Profit

Zee Entertainment Q1 Net Jumps 15% to Rs 242 Crore

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Zee Entertainment Enterprises reported a 15 per cent growth in net profit for the quarter ended June 30, boosted by higher advertising revenue.
 

Its net profit grew over 15 per cent year-on-year to Rs 242 crore while its revenue witnessed a strong growth of 27 per cent to Rs 1,340 crore.
 

Zee Entertainment had reported a net profit of Rs 210 crore on revenue of Rs 1,055 crore in the June quarter of previous fiscal.
 

Advertising revenues of Zee Entertainment surged 25 per cent year-on-year to Rs 780 crore in the June quarter and its subscription revenue witnessed a growth of 12 per cent to Rs 463 crore.
 

Zee Entertainment shares ended 0.29 per cent higher at Rs 375.6 apiece. In comparison, the broader Nifty gained 0.82 per cent.



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