Zee Media Corporation Limited (NSE: ZEEMEDIA, BSE: 532794) has reported its financial results for the third quarter of FY25, showing a marginal increase in revenue but a reduction in net losses, reflecting ongoing cost rationalization efforts.
Key Financial Highlights (Standalone)
- Q3 Revenue: ₹116.96 crore, up 1.0% YoY from ₹115.78 crore in Q3 FY24.
- Nine-Month Revenue: ₹337.40 crore, reflecting a 4.5% YoY increase from ₹322.97 crore.
- Net Loss for Q3: ₹19.95 crore, improving from ₹38.18 crore loss in Q3 FY24.
- Nine-Month Net Loss: ₹77.67 crore, compared to ₹86.18 crore loss in the prior period.
Key Financial Highlights (Consolidated)
- Q3 Revenue: ₹159.45 crore, slightly up from ₹167.31 crore in Q3 FY24.
- Nine-Month Revenue: ₹466.11 crore, marking a 1.5% YoY increase.
- Net Loss for Q3: ₹22.42 crore, compared to ₹35.91 crore loss in Q3 FY24.
- Nine-Month Net Loss: ₹82.66 crore, an improvement from ₹91.92 crore loss in the previous year.
Zee Media has focused on cost control measures and operational restructuring to improve financial stability. The company recently approved a ₹400 crore fundraising plan through various instruments, including equity shares, bonds, and warrants, to strengthen its capital structure.
Additionally, the company has incorporated a wholly-owned U.S. subsidiary, Zee Media Inc., in Delaware and is awaiting regulatory approvals for overseas investments.
Despite ongoing challenges, Zee Media remains optimistic about expanding its digital footprint, enhancing content offerings, and stabilizing financial performance in the coming quarters.
