Zee Entertainment Enterprises Reports Positive Profit Growth in Q2 FY25

Zee Entertainment Enterprises, a midcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending September 2024. According to the data, the company has seen a positive performance in terms of profits.

The company’s Profit Before Tax less Other Income (PBT) for the quarter was Rs 241.90 crore, showing a growth of 44.2% compared to the average PBT of the previous four quarters, which was Rs 167.74 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter was Rs 201.50 crore, showing a growth of 72.9% compared to the average PAT of the previous four quarters, which was Rs 116.57 crore. This also indicates a very positive trend in the near term for PAT.

In addition, the company’s PBT for the quarter was the highest in the last five quarters, further highlighting its positive performance. The Earnings per Share (EPS) for the quarter was also the highest in the last five quarters, at Rs 2.18. This shows that the company has been able to increase its profitability and create higher earnings for its shareholders.

However, the company’s net sales for the quarter were the lowest in the last five quarters, at Rs 2,000.70 crore. This also reflects a negative trend in the near term for net sales. The net sales for the quarter have fallen by -8.9% compared to the average net sales of the previous four quarters, which was Rs 2,196.00 crore.

Despite this, Zee Entertainment Enterprises has shown a positive financial performance in the quarter ending September 2024. However, according to MarketsMOJO, the stock call for the company is ‘Sell’. Investors should carefully consider all the information before making any investment decisions.