Zee Q3 results preview: Profit seen falling 18-21%

NEW DELHI: Zee Entertainment EnterprisesNSE 2.62 % (ZEEL) is expected to post disappointing quarterly results on Tuesday due to drop in advertising revenue. Analysts tracking the company see 18-21 per cent year-on-year plunge in profit.

Kotak Securities, which penciled in Rs 412.1 crore profit, said Zee’s operating performance would be disappointing. “We expect a sharp 14 per cent decline in advertising revenue, significant underperformance versus industry growth rate (flattish),” it said.