Media firm Zee Entertainment Enterprises (ZEEL) today reported a 31.27 per cent rise in its consolidated net profit at Rs 325.88 crore for the quarter ended June 30.
The company had posted a net profit of Rs 248.25 crore during the same period a year ago.
Total income during the quarter under review stood at Rs 1,821.78 crore, up 10.99 per cent, as against Rs 1,641.31 crore a year earlier, ZEEL said in a BSE filing.
ZEEL Managing Director and Chief Executive Officer Punit Goenka said, "Our domestic advertising growth... was driven by higher ad spends across categories and increase in our network viewership share... we believe that the ad growth for the industry could be higher than the initial estimates for this financial year".
The company's advertising revenue during the quarter was Rs 1,146.01 crore, up 18.6 per cent. Its subscription revenue stood at Rs 518.64 crore, up 8.25 per cent over the first quarter of the previous fiscal.
Its shares settled at Rs 517.30 apiece, up 1.75 per cent, from previous close on the BSE.
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