Zee Entertainment on Monday reported a 26.83 per cent rise in consolidated profit at Rs 292.53 crore for the quarter ended March 31. The company had posted a net of Rs 230.64 crore in the corresponding quarter last year.

Analysts in an ET NOW poll had projected a net profit of Rs 366 crore.

Total income increased 14.48 per cent to Rs 2,076.06 crore from Rs 1,813.43 crore in the year-ago period. Consolidated revenue jumped 17.03 per cent to Rs 2,019.27 crore against Rs 1,725.31 crore on a yearly basis.

The board of the company recommended a dividend of Rs 3.50 per equity share for the financial year 2018-19.

Margins declined to 28.50 per cent from 29.30 per cent in Q4FY18.

Ebitda of the company declined 5.10 per cent to Rs 577 crore during January-March period.

The company has taken Rs 21.80 crore as impairment charges on goodwill allocated to the online media business.

Zee Entertainment’s revenue from advertisement and subscription jumped 16 per cent and 3.51 per cent, respectively, for the quarter ended March 31.


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