Zee Entertainment Enterprises Q2 Results Live : Zee Entertainment Enterprises declared their Q2 results on 18 Oct, 2024, revealing a mixed performance with a significant rise in profit despite a notable decline in revenue. The company’s topline decreased by 17.93% year-over-year, while profit surged by an impressive 70.3%. Compared to the previous quarter, revenue fell by 6.09%, but profit increased by 77.31%.
The company’s selling, general, and administrative expenses saw a positive trend, declining by 5.55% quarter-over-quarter and 8.65% year-over-year. This reduction in costs contributed to an increase in operating income, which was up by 54.5% from the last quarter and 90.54% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹2.1, reflecting a decrease of 5.95% year-over-year. Despite the profit increase, the EPS decline raises questions about the company’s overall financial health.
In terms of stock performance, Zee Entertainment has faced challenges, delivering a -2.75% return in the last week, a -13.15% return over the last six months, and a staggering -54.22% return year-to-date. Currently, the company has a market capitalization of ₹12,079.49 Cr, with a 52-week high of ₹299.7 and a low of ₹125.23.
Analyst sentiment surrounding Zee Entertainment is mixed. Out of 17 analysts covering the company, only 1 has given a Strong Sell rating, while 7 analysts recommend a Sell. Conversely, 5 analysts have rated the stock as Hold, 1 as Buy, and 3 as Strong Buy. As of 19 Oct, 2024, the consensus recommendation remains a Hold.
Zee Entertainment Enterprises Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2000.7 | 2130.53 | -6.09% | 2437.79 | -17.93% |
| Selling/ General/ Admin Expenses Total | 486.8 | 515.38 | -5.55% | 532.91 | -8.65% |
| Depreciation/ Amortization | 73.2 | 75.61 | -3.19% | 77.23 | -5.22% |
| Total Operating Expense | 1742 | 1963.09 | -11.26% | 2302.02 | -24.33% |
| Operating Income | 258.7 | 167.44 | +54.5% | 135.77 | +90.54% |
| Net Income Before Taxes | 286.4 | 179.89 | +59.21% | 184.23 | +55.46% |
| Net Income | 209.4 | 118.1 | +77.31% | 122.96 | +70.3% |
| Diluted Normalized EPS | 2.1 | 1.52 | +38.32% | 2.23 | -5.95% |
