Zee Entertainment Enterprises Q4 net profit up 26.8% to ₹292.53 crore

NEW DELHI: Media firm Zee Entertainment Enterprises Ltd (ZEEL) on Monday reported a 26.83% increase in consolidated net profit at ₹292.53 crore for the fourth quarter ended March 2019.

The company had posted a net profit of ₹230.64 crore in January-March quarter a year ago, ZEEL said in a BSE filing.

Total income during the quarter under review stood at ₹2,076.06 crore, up 14.48% from ₹1,813.43 crore in the corresponding quarter of the previous year.

“We have delivered another quarter of strong operating performance which is commendable given the challenges the industry is facing in implementing the TRAI tariff order,” ZEEL Managing Director and CEO Punit Goenka said.

ZEEL’s total expenses during the quarter stood at ₹1,612.60 crore, up 23.77% from ₹1,302.84 crore in the year-ago period.