Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr

Media firm Zee Entertainment Enterprises Ltd (ZEEL) on Tuesday reported a 62.56 per cent increase in consolidated net profit at Rs 529.76 crore for the first quarter that ended in June 2019, helped by growth in subscription revenue.

The company had posted a net profit of Rs 325.88 crore in April-June quarter a year ago, ZEEL said in a BSE filing.

Total income during the quarter under review stood at Rs 2,112.03 crore, up 15.93 per cent from Rs 1,821.78 crore in the corresponding quarter of the previous year.

ZEEL’s total expenses rose 6.15 per cent to Rs 1,369.99 crore from Rs 1,290.60 crore a year ago.