Zee Enterprises Q4 Results: Firm posts loss of Rs 196 crore; revenue falls 9%

Zee Enterprises has reported a net loss of Rs 196 crore for the three months ended March. The company posted a profit of Rs 24 crore in the December quarter and Rs 181 crore in the March quarter of last year.

Total income during the quarter under review fell 9% to Rs 2,112 crore as against Rs 2,322 crore in the corresponding quarter of last year.

The company’s operating profit was hit by the advertising spending slowdown, investment in ZEE5, movie launches, and sports.

EBITDA declined 70% year-on-year (YoY) to Rs 152 crore in the fourth quarter, compared with Rs 505 crore in the same period of last year.