Zee Entertainment Q1 net profit dips 43%

Zee Entertainment Q1 net profit dips 43% Zee Entertainment Enterprises has registered a fall of 43% in its consolidated net profit for the first quarter ended June 30 to Rs 91.32 crore over the corresponding period a year ago. The company had posted a consolidated net profit of Rs 160.71 crore during the June quarter a year ago.

Further, the consolidated total income of the company also fell to Rs 508.44 crore during the 3 month period ended June 30 from Rs 569.76 crore in the same quarter a year earlier.

On a standalone basis Zee Entertainment posted a net profit of Rs 71.27 crore during the April-June period of current financial year, down 45.58% compared to Rs 130.97 crore last year.

The shares of company today closed at Rs 180, up 10% compared to previous close of Rs 164 on the BSE.