Zee Ent Q2 Results: Cons profit surges 70% YoY to Rs 209 crore, beats estimates
Zee Entertainment Enterprises (ZEE) on Friday reported 70% year-on-year (YoY) growth in its consolidated net profit at Rs 209 crore for the quarter ended September 2024. It was Rs 123 crore a year ago.
Analysts had pegged the core net profit for the September quarter at Rs 153 crore.
Total income, meanwhile, fell 19% YoY to Rs 2,034 crore in the reporting period.
On a sequential basis, net profit after tax jumped 77% from Rs 118 crore posted in the preceding June quarter.
The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 321 crore, which is down 4% YoY, while margins improved to 16%.
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