Zee Entertainment Enterprises announced their Q4 results on 17 May, 2024. Compan has reported the revenue increasing by 3.2% year-on-year and a profit of ₹13.35 crore compared with a loss of Rs 196 crore in the same quarter of last year. The total income in the reporting quarter increased 3% year-on-year to Rs 2,185 core.
On the positive side, the operating income witnessed a notable increase of 45.04% quarter-on-quarter and 67.08% year-on-year. The Earnings Per Share (EPS) for Q4 stood at ₹0.29, marking a decrease of 57.33% year-on-year. With a current market cap of ₹12779.71 crore, the company’s 52-week high/low stand at ₹299.7 and ₹129.25 respectively. Shares of Zee Entertainment rose 5% on Saturday on BSE to the day’s high of Rs 141.65 after the company on Friday reported a profit for the March quarter against loss a year ago.
The board recommended an equity dividend of Rs 1 per share for the 2023-24 financial year. They also reported an EBITDA of Rs 210 crore for January-March 2024, a 38% increase year-on-year, with margins improving to 9.6%.
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