Zee Entertainment Q2 results: Consolidated PAT rises 187% YoY, misses estimate

MUMBAI: Zee Entertainment NSE -0.54 % Enterprises on Thursday reported a 187 per cent year-on-year rise in consolidated net profit to Rs. 270.2 crore, which was below Street’s estimate.

The broadcasting company reported a 15 per cent on-year growth in consolidated revenue from operations to Rs. 1,978.8 crore for the reported quarter, which was largely in line with analysts’ expectations.

The company’s revenues from subscription declined 1.5 per cent on-year to Rs. 788.5 crore while sales from advertisement grew 20.7 per cent to Rs. 1,089 crore.

The company’s operating performance in the quarter was also underwhelming as consolidated operating profit rose 31.4 per cent on-year to Rs. 412.1 crore, but missed analysts’ expectations by a distance.