Zee Entertainment posts first quarter net profit of Rs 209 crore

Zee Entertainment Enterprise Ltd on Friday reported a consolidated net profit of Rs 208.78 crore for the first quarter ended June 2021.

The company had reported a net profit of Rs 29.28 crore in the April-June quarter a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a BSE filing.

Its total income during the quarter under review was Rs 1,808.56 crore as against Rs 1,338.41 crore in the corresponding period a year earlier.

ZEEL’s total expenses stood at Rs 1,501.62 crore during the June 2021 quarter.

According to the company, the impact on its result is primarily due to restrictions caused by the COVID-19 on the business activities, hence it is not comparable.