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India's Zee Entertainment reports sharp rise in Q3 profit, margins on cost cuts


Published on 2025-01-23 09:44:15 - MSN
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  • India's Zee Entertainment Enterprises reported a sharp rise in third-quarter profit and margins on Thursday, boosted by cost cutting measures which offset lower advertisement revenue. Shares of the broadcaster closed up 2.

Zee Entertainment Enterprises Ltd reported a significant increase in its third-quarter profit margins, driven by effective cost-cutting measures. The company's consolidated net profit rose to 585 million rupees ($7.03 million) for the quarter ending December 31, up from 24.3 million rupees in the same period the previous year. This improvement was primarily due to a reduction in expenses, with total costs dropping by 5.5% to 17.13 billion rupees. Despite a slight revenue decrease of 3% to 20.46 billion rupees, attributed to lower ad revenues, Zee managed to enhance its EBITDA margin to 15.8% from 10.2% a year earlier. The company also saw a 16.9% increase in subscription revenue, which helped offset the decline in advertising income.

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