Zee Entertainment dips 4% as Q3 profit plunges on low ad revenue, high cost

According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.

SI Reporter | New Delhi
Last Updated at January 22, 2020 11:19 IST

ZEE

Shares of Zee Entertainment Enterprises skid 4 per cent to Rs 272.45 on the BSE on Wednesday after the broadcasting company put up a weak December quarter (Q3FY20) show. It's profit before tax (PBT) declined 37 per cent to Rs 510.8 crore, coupled with a cut of 16 per cent in advertising revenue at Rs 1,230.8 crore.

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