Zee Entertainment swings back to black

(20 second reading) Digital and broadcasting media company Zee Entertainment reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period.
However, sequentially the March quarter of FY24 remained muted. The company has reported a profit of Rs 58.5 crore in Q3 FY24.
It reported total income of Rs 2,185.29 crore, up from Rs 2,126.35 crore during the same period a year ago, the company said.
The broadcaster’s advertising revenue stood at Rs 1,110.2 crore versus Rs 1,005.8 crore in Q4 FY23.
In FY24, Zee’s ad revenue was marginally down to Rs 4057.7 crore from Rs 4057.9 crore.