Zee’s Net profit fall by 25% in Quarter 3

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Zee’s Net profit fall by 25% in Quarter 3
03 Feb 2022
5 min read

News Synopsis

Zee Entertainment Enterprises on Wednesday released its earnings for the third quarter. The results released are quite disappointing. Zee Entertainment Enterprises posted a net profit of 299 crore rupees which is 25% less than what it earned in this quarter last year i.e., 2020. It posted a net profit of 400 crores in the December quarter of 2020. Apart from the profit, its revenue from operations also went down by 22% to 2,112 crores from 2,728 crores. After the declaration of quarter 3 results, the share value of Zee Entertainment Enterprises also fell by 7.95 points to 284.30 from 292.55 on the National Stock Exchange. This consolidated loss in profit and revenue will definitely be a strong reason to worry for the company’s management and achieving targets would not be easy with such quarterly results.

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