Zee Ent Q2 net soars 23% to Rs 160 cr

Subhash Chandra-owned Essel Group's Zee Entertainment posted a growth of 23% in net profit for the second quarter ended September, 2011, at Rs 160 crore. The net profit for the corresponding quarter last year was at Rs 130 crore, according to a release filed with the Bombay Stock Exchange (BSE).

During the period, the net consolidated revenues stood at Rs 718 crore. The operating profit margin (OPM) had risen by 28.9% from 26.5%.

However, the revenues from subscription was down by 4.6%.

The shares of the company were trading up 1.36% at 113.80 per share on the Bombay Stock Exchange.