Zee Entertainment Reports Significant Q1 Profit Turnaround

Zee Entertainment Enterprise Ltd reported a consolidated net profit of Rs 118.10 crore for Q1 ended June 30, 2024, recovering from a net loss of Rs 53.42 crore in the corresponding quarter last year. The company's total income increased by 7.56% to Rs 2,149.52 crore.

Zee Entertainment Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 118.10 crore for the first quarter ended June 30, 2024, marking a significant recovery from a net loss of Rs 53.42 crore in the same period last year, according to the company's regulatory filing.

The entertainment giant revealed that its total income for the quarter increased by 7.56% to Rs 2,149.52 crore, compared to Rs 1,998.26 crore in the corresponding quarter of the previous year.

Total expenses for ZEEL were recorded at Rs 1,941.12 crore, showing a marginal rise for the June quarter of FY25. Additionally, shares of ZEEL were trading at Rs 147.60 on the BSE, up by 1.72% from the previous close.