Zee Entertainment slips after Q3 results

Zee Entertainment Enterprises fell 3.65% to Rs 590.70 at 14:26 IST on BSE after consolidated net profit rose 28.5% to Rs 322.20 crore on 12.10% increase in total revenue to Rs 1838.10 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during trading hours today, 17 January 2018.

Meanwhile, the S&P BSE Sensex was up 200.85 points, or 0.58% to 34,971.90.

On the BSE, 10.04 lakh shares were traded in the counter so far, compared with average daily volumes of 1.31 lakh shares in the past two weeks. The stock had hit a high of Rs 619.35 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 585.10 so far during the day. The stock hit a 52-week low of Rs 465.05 on 20 January 2017.

 

On a consolidated basis, Zee Entertainment Enterprises' earnings before interest, taxes, depreciation and amortization (EBITDA) rose 15.2% to Rs 594.40 crore in Q3 December 2017 over Q3 December 2016.

Consolidated advertising revenue grew 25.8% to 1202 crore in Q3 December 2017 over Q3 December 2016. Consolidated subscription revenue fell 15.5% to 501.70 crore in Q3 December 2017 over Q3 December 2016.

Zee Entertainment Enterprises Limited is one of India's leading media and entertainment companies.

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