Zee Entertainment Enterprise Ltd Q2 profit up 70% to Rs 209.4 cr

New Delhi: Zee Entertainment Enterprise Ltd on Friday reported a jump of 70.24 per cent in its consolidated net profit to Rs 209.4 crore in the September quarter as margins improved by effective cost management.

It had a net profit of Rs 123 crore in the July-September quarter a year ago, according to a regulatory filing from Zee Entertainment Enterprise Ltd (ZEEL).

However, its total income declined 18.93 per cent to Rs 2,034.4 crore during the quarter under review. It was Rs 2,509.6 crore in the corresponding quarter.

During the quarter, ZEEL's revenue from advertising was Rs 901.7 crore and Rs 969.9 crore from subscriptions.

Shares of Zee Entertainment Enterprise Ltd on Friday were trading 3.74 per cent higher at Rs 130.45 apiece on the BSE.