Zee Entertainment’s stock dropped 2% following the release of its Q3 FY25 financial results. As of 10:14 AM, the shares were trading 2.34% lower at Rs 117.93.
The company posted a remarkable 179.7% year-on-year increase in consolidated net profit, reaching Rs 163.6 crore. However, the sequential drop of nearly 22% in net profit from Rs 209.4 crore in the previous quarter raised concerns among investors.
Consolidated revenue fell 8.44% to Rs 940.6 crore from Rs 1,027.4 crore in Q3 FY24, impacted by a delay in renewing a key business-to-business (B2B) deal. Revenue from operations saw a 4.3% rise from the previous quarter, showing some recovery.
Advertising revenue dropped 8.4%, reflecting weaker demand from FMCG companies. However, the company’s subscription revenue rose 7%, bolstered by growth from both traditional linear subscriptions and its streaming platform, ZEE5.
Zee Entertainment’s stock opened at ₹122.00, reaching a high of ₹122.30 and a low of ₹117.21. The company’s 52-week high stands at ₹209.70, while the 52-week low is ₹114.36.
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