Zee Entertainment’s Net Profit Misses Analyst Estimate in First Quarter

Zee Entertainment Ltd.’s reported an 18.4 percent rise in total income in the first quarter to Rs 1,571.6 crore, compared to the same quarter last year. This was in line with the Bloomberg consensus estimate.

Net profit rose 21.7 percent to Rs 216 crore, according as per the company’s filing on the Bombay Stock Exchange. The number missed analyst estimates.

EBITDA margin rose to 28.8 percent from 23.33 percent in the same quarter last year.

Chief Executive Officer Punit Goenka said the company is making investments in new growth verticals, and will continue to experiment with new content and innovative formats.