Zee Media tanks 5% as firm posts consolidate net loss of Rs 51 crore

Shares of Zee Media Corporation NSE -4.70 % dropped 4.8 per cent in early trade on Wednesday as the firm reported a consolidated net loss of Rs 51.45 crore for the fourth quarter ended March 31, 2022.

The company had posted a net profit of Rs 10.50 crore during the January-March quarter of the previous fiscal, Zee Media Corporation Ltd NSE -4.70 % (ZMCL) said in a regulatory filing.