Zee Entertainment Reports Turnaround with Rs 118.10 Crore Profit in Q1 FY25

Zee Entertainment Enterprise Ltd (ZEEL) reported a net profit of Rs 118.10 crore for the April-June quarter, reversing its loss from the same period the previous year. The company saw a 7.56% rise in total income to Rs 2,149.52 crore, driven by effective cost management and higher subscription and syndication revenues.

Zee Entertainment Enterprise Ltd (ZEEL) has announced a net profit of Rs 118.10 crore for the April-June quarter, signalling a significant turnaround from its net loss of Rs 53.42 crore in the same period last year. This improvement is attributed to effective cost management and increased subscription and syndication revenues.

According to a regulatory filing, ZEEL's total income rose by 7.56% to Rs 2,149.52 crore during the quarter, up from Rs 1,998.26 crore a year ago. Despite a soft advertising environment, which saw advertising revenue decline by 3.14% to Rs 911.34 crore, other revenue streams compensated for the shortfall.

Subscription revenue grew by 8.78% to Rs 987.19 crore, while syndication and movie release revenues soared by 71.34% to Rs 232 crore. The company anticipates continued margin improvements, aiming for an EBITDA margin of 18-20% for FY25, driven by ongoing cost discipline and revenue growth across its various segments.