Zee Entertainment hits 52-week low
Zee Entertainment hits 52-week low, down 2% on weak March quarter earnings
The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain.
Shares of Zee Entertainment Enterprises (ZEE) hit a 52-week low of Rs 175.80, down 2 per cent on the BSE in Friday’s intra-day trade after the media major reported a weak operating performance with earnings before interest, tax, depreciation and amortisation (Ebitda) down 70 per cent year-on-year (YoY) and 58.5 per cent quarter-on-quarter at Rs 151.70 crore in March quarter (Q4FY23). Ebitda margin declined to 7.2 per cent from 17.4 per cent in previous quarter and 21.8 per cent in a year ago quarter.
The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain.
Shares of Zee Entertainment Enterprises (ZEE) hit a 52-week low of Rs 175.80, down 2 per cent on the BSE in Friday’s intra-day trade after the media major reported a weak operating performance with earnings before interest, tax, depreciation and amortisation (Ebitda) down 70 per cent year-on-year (YoY) and 58.5 per cent quarter-on-quarter at Rs 151.70 crore in March quarter (Q4FY23). Ebitda margin declined to 7.2 per cent from 17.4 per cent in previous quarter and 21.8 per cent in a year ago quarter.
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