{"id":979,"date":"2019-10-17T21:21:50","date_gmt":"2019-10-17T21:21:50","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/10\/17\/zee-entertainment-enterprises-q2-net-up-6-7-pc-to-rs-412-crore\/"},"modified":"2019-10-17T21:21:50","modified_gmt":"2019-10-17T21:21:50","slug":"zee-entertainment-enterprises-q2-net-up-6-7-pc-to-rs-412-crore","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/10\/17\/zee-entertainment-enterprises-q2-net-up-6-7-pc-to-rs-412-crore\/","title":{"rendered":"Zee Entertainment Enterprises Q2 net up 6.7 pc to Rs 412 crore"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1738831\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-759.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-759.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1738831\" src=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-759.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-759.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/cats-759-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">ZEEL\u2019s total expenses in the quarter stood at Rs 1,514.13 crore as against Rs 1,386.45 crore in the year-ago period, up 9.20 per cent.<\/span><\/figure>\n<\/div>\n<p>Media firm Zee Entertainment Enterprises Ltd (ZEEL) on Thursday reported a 6.73 per cent rise in consolidated net profit at Rs 412.09 crore for the second quarter ended September 2019, driven by strong performance in domestic broadcast and digital businesses. The company had posted a net profit of Rs 386.10 crore in July-September quarter a year ago, ZEEL said in a BSE filing.<\/p>\n<p>The company\u2019s total income rose 7.63 per cent to Rs 2,190.13 crore during the quarter under review as against Rs 2,034.79 crore in the corresponding quarter last year. \u201cThe growth was driven by the strong performance of domestic broadcast and digital businesses,\u201d the company said. ZEEL\u2019s total expenses in the quarter stood at Rs 1,514.13 crore as against Rs 1,386.45 crore in the year-ago period, up 9.20 per cent. \u201cOur entertainment portfolio continues to grow from strength to strength across all formats and maintained its leading position.<\/p>\n<p>Our television network has emerged stronger post the implementation of tariff order on the back of a strong customer connect and brand pull of its channels,\u201d ZEEL Managing Director and CEO Punit Goenka said. During the first half of the year (April-September), ZEEL\u2019s net profit rose 32.28 per cent to Rs 941.85 crore as against Rs 711.99 crore in the corresponding period last year. Total income during the April-September period rose 11.55 per cent to Rs 4,302.16 crore as against Rs 3,856.58 crore a year ago. Revenue from advertisement stood at Rs 1,224.66 crore during July-September, up 1.16 per cent from Rs 1,210.60 crore in the year-ago period.<\/p>\n<p>Subscription revenue rose 18.96 per cent to Rs 723.50 crore during the quarter under review as against Rs 608.16 crore in the corresponding quarter last year. \u201cThis strong operating performance allowed us to deliver industry leading growth in both advertising and subscription despite the tough macro-economic environment.<\/p>\n<p>Domestic subscription growth of 27 per cent has reaffirmed the value proposition our television network has built over the years,\u201d Goenka said. Shares of Zee Entertainment Enterprises on Thursday closed at Rs 264.70 on the BSE, up 1.91 per cent from the previous close.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] ZEEL\u2019s total expenses in the quarter stood at Rs 1,514.13 crore as against Rs 1,386.45 crore in the year-ago period, up 9.20 per cent. Media firm Zee Entertainment Enterprises Ltd (ZEEL) on Thursday reported a 6.73 per cent rise in consolidated net profit at Rs 412.09 crore for the second quarter ended September 2019, [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=979"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/980"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}