About the Company:
Zee Entertainment Enterprises Limited is an Indian mass media company owned by Essel Group. Headquartered in Mumbai, it has developed itself in television, print, internet, film, mobile content and allied businesses.
QoQ & YoY Performance:
India’s leading Media Company has declared the results for the second quarter of financial year ending September 2020.
- The depreciation cost has decrease by 15.45% and total expenses were up by 12.29% QoQ.
- Consolidated total income of the company declined by 22.21% to Rs 41,209 cr against Rs 38610 cr in the same period previous year.
- The advertising revenue for the quarter grew by Rs.12,247 mn, growth of 1.2% YoY. International advertising revenue for the quarter was Rs.557mn.
- Subscription revenue for the quarter was Rs.7,235 mn, growth of 19.0% YoY. International subscription revenue was Rs.776mn.
As per Lokesh Sethia, SEBI Registered, the stock is trading at Rs.250 per share. The company has declared weak PAT at 41,209 declined by 22.21% and depreciation of the company decrease by 15.45% at 5833 cr. So avoid to take any positions in the stock.