Zee Entertainment Enterprises zooms despite reporting consolidated net loss of Rs 196 crore in Q4
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Zee Entertainment Enterprises is currently trading at Rs. 189.20, up by 10.45 points or 5.85% from its previous closing of Rs. 178.75 on the BSE.
The scrip opened at Rs. 175.80 and has touched a high and low of Rs. 192.80 and Rs. 175.80 respectively. So far 1843517 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.90 on 06-Oct-2022 and a 52 week low of Rs. 176.60 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 192.80 and Rs. 175.80 respectively. The current market cap of the company is Rs. 18240.26 crore.
The promoters holding in the company stood at 3.99%, while Institutions and Non-Institutions held 74.57% and 21.44% respectively.
Zee Entertainment Enterprises reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss of Rs 351.01 crore for the quarter under review as compared to net profit of Rs 321.71 crore for the same quarter in the previous year. Total income of the company decreased by 7.16% at Rs 1992.72 crore for Q4FY23 as compared to Rs 2146.30 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss of Rs 196.03 crore for fourth quarter ended March 31, 2023 as compared to net profit of Rs 181.93 crore for the same quarter in the previous year. Total income of the company decreased by 9.89% at Rs 2126.35 crore for Q4FY23 as compared to Rs 2359.74 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 87.76% fall in its net profit at Rs 163.88 crore as compared to Rs 1338.85 crore for the previous year. However, total income of the company marginally increased by 0.85% at Rs 7695.11 crore for year under review as compared to Rs 7630.48 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 95% fall in its net profit at Rs 47.79 crore as compared to Rs 955.77 crore for the previous year. Total income of the company marginally decreased by 1.66% at Rs 8167.62 crore for year under review as compared to Rs 8305.86 crore for year ended March 31, 2022.
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