Zee Media Corporation Reports Negative Financial Results for Q2 FY25
Zee Media Corporation, a smallcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financials, Zee Media has seen a negative performance in the quarter, with a score of -17 compared to -5 in the previous quarter. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have fallen by 22.4% to Rs 130.70 crore in the quarter. This is significantly lower than the average net sales of the previous four quarters, which stood at Rs 168.46 crore. The near-term sales trend for the company is also negative.
The company’s profit before tax (PBT) has also taken a hit, with a decline of 117.9% to Rs -68.95 crore in the quarter. This is again lower than the average PBT of the previous four quarters, which was Rs -31.65 crore. The near-term trend for PBT is also negative.
Zee Media’s profit after tax (PAT) has also seen a significant decline of 145.6% to Rs -49.86 crore in the quarter. This is lower than the average PAT of the previous four quarters, which was Rs -20.30 crore. The near-term trend for PAT is also negative.
Another concerning factor for the company is its interest cost, which has increased by 50.38% in the preceding nine months period. This signifies increased borrowings for the company.
In terms of sales and profitability, Zee Media’s performance has been the lowest in the last five quarters. The company’s operating profit (PBDIT) and operating profit margin have also seen a decline, with the lowest figures in the last five quarters. This indicates a deterioration in the company’s efficiency.
Overall, Zee Media’s financial performance for the quarter ending September 2024 has been negative. The company’s stock has been given a ‘Sell’ call by MarketsMOJO, and the near-term trend for sales and profitability is also negative. Shareholders have also seen a decline in earnings per share (EPS).
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