Zee Entertainment Enterprises Ltd Share Price – NSE  / BSE

Entertainment, Small Cap

Zee Entertainment Enterprises Ltd is up for a third straight session today. The stock is quoting at Rs 125.16, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 24230.1. The Sensex is at 79668.59, down 0.88%. Zee Entertainment Enterprises Ltd has slipped around 1.29% in last one month.

Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has slipped around 2.11% in last one month and is currently quoting at 2006.85, up 0.36% on the day. The volume in the stock stood at 67.49 lakh shares today, compared to the daily average of 118.3 lakh shares in last one month.

The PE of the stock is 18.52 based on TTM earnings ending September 24.

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Zee Entertainment Enterprises announced that the 42th Annual General Meeting (AGM) of the company will be held on 28 November 2024.

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Net profit of Zee Entertainment Enterprises rose 70.30% to Rs 209.40 crore in the quarter ended September 2024 as against Rs 122.96 crore during the previous quarter ended September 2023. Sales declined 17.93% to Rs 2000.70 crore in the quarter ended September 2024 as against Rs 2437.79 crore during the previous quarter ended September 2023.

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However, total income declined 18.94% to Rs 2,034.4 crore in Q2 FY25 as compared with Rs 2,509.6 crore recorded in Q2 FY24.

The company's revenue from Advertisement was at Rs 901.7 crore (down 7.91% YoY), revenue from Subscription stood at Rs 969.9 crore (up 9.25% YoY) and revenue from Other sales and services was at Rs 33.7 crore (down 53.06% YoY) during the period under review.

Profit before exceptional items and tax declined 9.37% to Rs 275.5 crore in Q2 of FY25 as against Rs 304 crore reported in same quarter last year. The company recorded an exceptional loss of Rs 10.9 crore during the quarter.

EBITDA stood at Rs 321 crore in the September 2024 quarter, registering a decline of 3.52% YoY. EBITDA margin improved to 16% in Q2 FY25 from 13.6% reported in the corresponding quarter previous year.

Total expenses slipped 20.25% to Rs 1,759.0 crore in Q2 FY25 from Rs 2,205.7 crore posted in Q2 FY24. Advertisement and publicity (A&P) expenses was at Rs 259.3 crore (down 5.05% YoY) and operational cost stood at Rs 1,061.5 crore (down 25.53% YoY) during the quarter.

The company said that the declined in operating cost was due to lower programming and technology cost and strong cost discipline across every element of cost structure.

The firm reported lower A&P and other expenses led by decline in marketing from higher base of Q2 FY24 due to Gadar 2.

ZEEL is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theatre businesses, both within India and overseas.

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