Zee Entertainment Enterprises Ltd (ZEEL) today reported a 84.76 per cent fall in consolidated net profit at Rs 230.64 crore for the quarter ended on March 31, 2018.
It had registered a net profit of Rs 1,513.87 crore in January-March a year ago aided by sale of its sports business. In the fourth quarter of 2016-17, ZEEL reported exceptional income of Rs 1,223.44 crore.
Total income during the quarter under review was at Rs 1,813.43 crore, up 14.56 per cent against Rs 1,582.89 crore a year earlier, ZEEL said in a filing with the BSE.
For the full year ended March 2018, ZEEL's consolidated net profit was at Rs 1,477.75 crore as against a net profit of Rs 2,220.11 crore in the previous fiscal.
ZEEL reported a total income of Rs 7,126.03 crore in 2017-18 as against Rs 6,658.17 crore a year ago.
Meanwhile, in a separate filing, ZEEL informed the BSE that its board in a meeting recommended payment of equity dividend of Rs 2.90 per share for 2017-18.
ZEEL shares settled at Rs 589 apiece, down 0.40 per cent, on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app