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Zee Entertainment Enterprises zooms on reporting 27% rise in Q4 consolidated net profit

Zee Entertainment Enterprises is currently trading at Rs. 368.90, up by 7.85 points or 2.17% from its previous closing of Rs. 361.05 on the BSE.

The scrip opened at Rs. 370.90 and has touched a high and low of Rs. 372.95 and Rs. 353.00 respectively. So far 516104 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 580.00 on 28-May-2018 and a 52 week low of Rs. 288.95 on 25-Jan-2019.

Last one week high and low of the scrip stood at Rs. 380.30 and Rs. 340.35 respectively. The current market cap of the company is Rs. 34865.49 crore.

The promoters holding in the company stood at 38.20%, while Institutions and Non-Institutions held 56.34% and 5.46% respectively.

Zee Entertainment Enterprises has reported a fall of 50.39% in its net profit at Rs 308.29 crore for the quarter ended March 31, 2019 under review as compared to Rs 621.45 crore for the same quarter in the previous year. Total income of the company decreased by 13.76% at Rs 1,725.96 crore for Q4FY19 as compared Rs 2,001.25 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 26.83% in its net profit at Rs 292.53 crore for the quarter ended March 31, 2019 under review as compared to Rs 230.64 crore for the same quarter in the previous year. Total income of the company increased by 14.48% at Rs 2,076.06 crore for Q4FY19 as compared Rs 1,813.43 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 13.45% in its net profit at Rs 1,654.81 crore as compared to Rs 1,911.93 crore for the previous year. However, total income of the company marginally increased by 3.98% at Rs 7,047.22 crore for year under review as compared to Rs 6,777.40 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 6.06% in its net profit at Rs 1,567.24 crore as compared to Rs 1,477.75 crore for the previous year. Total income of the company increased by 14.87% at Rs 8,185.35 crore for year under review as compared to Rs 7,126.03 crore for year ended March 31, 2018.

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