Zee Entertainment - 4QFY21 by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Zee Entertainment - 4QFY21 by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
For 4QFY21, Zee Entertainment Enterprises Ltd’s (ZEEL) consolidated top-line grew by ~0.8% yoy to Rs1,966cr on back of lower growth in other sales & services segment. However, the advertisement and subscription segment shown growth in 4QFY21. During the quarter, on the EBITDA front, the company has reported profit of Rs541cr against loss of Rs284cr in 4QFY20. On the bottom-line front, the company has reported a profit of Rs276cr in 4QFY21 against loss of Rs768cr in 4QFY20 on back of strong operating improvement. Currently, we are neutral on stock.
Above views are of the author and not of the website kindly read disclaimer
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