ZEEL Q3 profit jumps nearly 3-fold at ₹164 crore
The Hindu
ZEEL reports ₹163.6 crore profit for December quarter FY25, driven by cost management, despite revenue decline.
Zee Entertainment Enterprises Ltd (ZEEL) on Thursday (January 23, 2025) reported a nearly three-fold jump in consolidated net profit at ₹163.6 crore for December quarter FY25, helped by lower expenses, specially operational costs.
The company had posted a profit of ₹58.5 crore for the year-ago period, ZEEL said in a regulatory filing.
Revenue from operations in the quarter under review was at ₹940.6 crore as compared to ₹1,027.4 crore in the year-ago period, it added.
Total expenses declined to ₹1,734.7 crore from ₹1,931.1 crore in the same period a year ago. Operational cost was lower at ₹996.8 crore as against ₹1,187.6 crore, the company said.
In an investor presentation, ZEEL said profitability was driven by effective cost management.
The company further said revenue growth during the quarter was impacted due to delay in the renewal of a B2B deal but renewal discussions are underway.
Advertising revenue for the quarter declined by 8% year-on-year due to sluggish festive season, the company said adding sustained consumption slowdown is resulting in lower FMCG advertising spending.
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