Zee entertainment Q3 net income surges one hundred eighty% to Rs 164 crore
Zee entertainment Q3 net income surges one hundred eighty% to Rs 164 crore, shares up 3%
Zee enjoyment enterprises Ltd on january 23 suggested one hundred eighty% bounce in net profit at Rs 164 crore for the quarter ended december 31, 2024. It pronounced net profit of Rs fifty eight.five crore within the 12 months-in the past length.
The media firm's overall profits declined three% to Rs 2,103 crore in Q3FY25 compared to Rs 2,073 crore in Q3FY24.
At 3 pm on january 23, ZEEL stocks had been buying and selling over three% higher at Rs 121.eighty five apiece.
"revenue increase at some point of the zone changed into impacted because of put off within the renewal of a B2B deal. Renewal discussions are underway. expect overall performance improvement momentum to maintain with increase offering a few operating leverage," stated ZEEL in a inventory change submitting.
The employer flagged decrease FMCG advert spending at some point of the zone.
"correctly navigated a vulnerable festive season and continued softness in marketing environment by way of focused execution. marketing sales for the zone improved through four% QoQ, and declined by eight% YoY due to gradual festive season. Sustained consumption slowdown is ensuing in decrease FMCG advert spending," stated ZEEL.