Zee Entertainment records 26.7% rise in its consolidated net profit

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Zee Entertainment Enterprises has reported an increase of 26.7% rise in its consolidated net profit for the second quarter ending September due to increased subscriptions and lower costs.

The consolidated net profit in the quarter rose to Rs160 crore compared to Rs126.3 crore in the same period last year. The company's consolidated revenues stood at Rs718.4 crore and its earnings before interest, tax, depreciation and amortisation (Ebitda) margins was recorded at 28.9%.

The Consolidated operating profit rose 10.1% to Rs207.5 crore in the quarter compared to Rs188.5 crore in the second quarter previous year. The total expenses of the company fell 2% to Rs518.7 crore during the quarter while programming and operating costs were down 7% at Rs322.38 crore.    More