Zee Entertainment Q1 consolidated net profit down 49% to Rs 107 cr

Zee Entertainment Enterprises Ltd on Friday reported 48.94 per cent fall in consolidated net profit at Rs 106.60 crore for June quarter 2022-23 on account of challenging macroeconomic conditions.

The company had reported a net profit of Rs 208.78 crore in April-June period a year ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a BSE filing.

Total income during the quarter under review was Rs 1,879.53 crore against Rs 1,808.56 crore in the year-ago period.

“Q1 FY23 operating performance impacted due to Zee Anmol FTA withdrawal and challenging macroeconomic conditions,” said ZEEL in its earning updates.