ZEEL

Zee Entertainment's Q3FY26 net profit fell 5.1% to ₹155 crore despite 15% revenue growth, as weak FMCG ad spending weighed on margins

Zee Entertainment Enterprises Ltd on Thursday reported 5.37 per cent decline in consolidated net profit at Rs 154.8 crore for December quarter FY26. It had logged a net profit of Rs 163.6 crore in the October-December period a year ago, according to a regulatory filing from Zee Entertainment Enterprises Ltd (ZEEL). Total income was up 14.6 per cent to Rs 2,298.5 crore in December quarter FY26. Total expenses were at Rs 2,087.4 crore, up 20.3 per cent year-on-year. During the quarter, revenue from Advertising was down 9.4 per cent to Rs 851.5 crore. The subscription revenue was up 6.9 per cent to Rs 1,050.2 crore in the quarter. Revenue from the 'Other sales & service' was up over sixfold to Rs 378.4 crore. Shares of ZEEL were trading at Rs 84.85 apiece on BSE, up 3.55 per cent from the previous close.

The Zee Sports-UPKL deal will see three seasons of live kabaddi action broadcast in Hindi and streamed on Zee5, expanding the sport's regional reach and fan base across India

IDBI Bank moves NCLT against ZEEL over ₹225 crore default claim; ZEEL terms plea "malicious" as earlier applications were dismissed by NCLT and NCLAT

ZEEL achieved its highest linear TV market share in four years at 18.2% in July, driven by regional leadership, new channel launches and a strong content slate

Both these new channels are expected to have fast-paced content

Norges Bank Investment Management, a major ZEEL shareholder, supports the company's preferential issue of convertible warrants to promoter group entities ahead of the EGM on July 10

ZEEL stock seen trading above its 20-Month moving average for the first time since January 2024; technical chart suggests the stock can potentially rally another 21% from here.

Promoter group to invest Rs 2,237 crore in ZEEL via preferential warrants, raising stake from 3.99 per cent to 18.39 per cent to support growth and strategic vision

Leading broadcaster ZEE Entertainment Enterprises Ltd (ZEEL) on Monday said it has entered into a strategic equity partnership with Bullet, a new-age content & tech start-up. ZEEL did not share much details on the transactions, but said "it will invest/acquire stake in Bullet". Co-founded by entrepreneurs Azim Lalani and Saurabh Kushwah, Bullet has developed India's first micro-drama application focused on fast-paced, creator-driven content through short duration vertical format episodes targeted towards the younger audiences. "Bullet will be launched within the ZEE5 ecosystem, leveraging its strong user base by enabling access to high-quality, bite-sized entertainment directly through the platform," according to a joint statement. Moreover, to have a pan-India appeal, the application will be available across languages and will harness the company's rich content engine and repertoire of language content, it said. The application will cater to the evolving consumption habits of ...

Zee Entertainment Q3FY25 results: Sequentially profit dropped by 22% and revenue rose by 4%

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

Large investors now assert their right to have a say in investee companies, underscore analysts

Stock rises after shareholders reject Punit Goenka's reappointment as a director

The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted against the resolution. "Resolution No. 3 (Goenka's reappointment) failed to get the requisite majority of votes as required under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," ZEEL said. This is a major setback for Goenka who is currently the CEO of the company. Several proxy firms had earlier advised the shareholders to vote against resolution number three. However, the three other .

ZEE Entertainment CEO Punit Goenka, who resigned from the post of Managing Director last week, has also withdrawn himself from reappointment for the post in the coming AGM, according to an exchange filing. While sharing Goenka's resignation letter to exchanges on Saturday, Zee Entertainment Enterprises Ltd (ZEEL) said he is "withdrawing his consent for his re-appointment as Managing Director of the company as proposed in the Notice of the ensuing Annual General Meeting. Earlier on October 18, 2024, the ZEEL board approved the proposal for Goenka's reappointment for a five-year term, effective from January 1, 2025, to December 31, 2029. Goenka's present tenure as Managing Director & CEO of the company was scheduled to finish at the 2024-end. Goenka's re-appointment was subject to approval from the shareholders, in the coming AGM, which is scheduled to be held on November 28. However, on November 18 Punit Goenka, son of media baron Subhash Chandra, resigned as the Managing Director .

Thus far in calendar year 2024, the market price of ZEE has more-than-halved, or tanked 56 per cent, as compared to the 8 per cent rise in the BSE Sensex

He intends to dedicate his time and energy towards the set goals for the company's future, ZEE Entertainment Enterprises said in a press release

Zee's revenues have continued their declining trend as ad revenue growth remained underwhelming, declining by another 7.9 per cent YoY during the second quarter

The committee also reviewed the matter that is currently under adjudication with Sebi and stated that no further action is required by the company based on its findings