Zee Entertainment Enterprise Ltd h🍰as reported a consolidated net profit of Rs 266.08 crore for the second quarter ended on Septemꩲber 30, 2021.
The company had reported a net profit of Rs 93.41 crore in the July-September quarter a year ago, Zee 💟Entertainment Enterprise Ltd (ZEEL)♓ said in a regulatory filing.
Its total income during the quarter under review waಌs Rꦑs 2,010.47 crore. It was Rs 1,760.61 crore in the corresponding quarter.
According to the company, its results for the quarter ended September 30, are not comparable as restrictꦗions caused by the COVID-19 had an impact on the business activities.
"The impact on the results for the quarter and year ended 30 September 2021 is primarily due to restrictions caused by t🏅he COVID-19 on the business activities. Hence, the results for the year ended 30 September 2021 ⛦are not strictly comparable with the results of the earlier periods presented," said ZEEL.
Its revenue from advertisement was at Rs 1,089.29 crore in the July-September quarterܫ. It was Rs 902.79 crore in the🐻 corresponding quarter.
While its subscription revenue wa♉s at Rs 788.51 crore. It was at Rs 800.29 crore in Q2/FY 2020-21.
Revenue from ‘Other sales and services’ was at𒐪 Rs 100.99 crore. It was Rs 19.62 💫crore a year ago. Its total expenses were at Rs 1,637.47 during the quarter.
Chec🌌♒k what brokerage houses have to say, as per The Economic Times.
Emaky Global: The brokerage house has given a buy call with a target price of Rs 415. The time given by analyst is one year wh🅷en Zee Entertainment Enterprises Ltd. price can reach defined target.
Yes Securities: The investment company has given a buy call on Zee Entertainment Enterprises Ltd. with a target price of Rs 370. The time given by the analyst is Intra Day when Zee Entertainment E𓂃nterprises Ltd. price can reach a defined target.
(With PTI Inputs)
