Zee Ent Q4 results: Net profit at ₹13.4 crore versus loss year-ago, revenue up 2.7%

Zee Entertainment Enterprises Ltd (ZEEL) on Friday posted a consolidated net profit of ₹13.4 crore in the March 2024 quarter, as compared to a net loss of ₹196 crore in the year-ago period.

The consolidated revenue from operations came in at ₹2,169 crore in Q4FY24, higher 2.7% YoY as compared to ₹2,112 crore in Q4FY23.

Quarter-on-quarter (QoQ), the revenue from operations has increased by 6% as against ₹2,045.7 crore in Q3FY24.

Zee Entertainment's earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at ₹209 crore in the fourth quarter, marking a growth of 38.4% as against ₹151 crore in the year-ago period.

The margins improved by 240 basis points to 9.6% in the March 2024 quarter, as against 7.2% in corresponding quarter of the previous fiscal.

Zee Ent declares dividend

Zee said its board of directors have recommended a payment of dividend of ₹1 per equity share of ₹1 each for the financial year 2023-24.

The dividend payout is subject to the approval of the members at the ensuing annual general meeting (AGM) of the company. The record date for determining the shareholders eligible for the dividend payout, and the date of AGM were not disclosed in the regulatory filing.

Zee Ent shares

Ahead of the release of Q4 results, the shares of Zee closed at ₹135.4 on the NSE, up 1.77% as against the previous day's close. In the past one year, stock has lost 26.8% of its value, whereas, the decline has been sharper at 52.5% in 2024 so far.