Zee Media Company (ZMCL) has annouced its monetary outcomes for the quarter ended September 30, 2024. The media firm’s internet income stood at Rs 130.7 crore, down from Rs 151.6 crore in the identical interval final yr, representing a 13.9% Yr-on-Yr lower.
It additionally reported a 16.4% Yr-on-Yr lower in promoting and gross sales promotion bills for the quarter ending September 2024, with spends totaling Rs 1,192.2 million, down from Rs 1,425.2 million in the identical interval final yr. The corporate noticed subscription income rise by 26.7% Yr-on-Yr for this quarter, growing from Rs 9 crore to Rs 11.4 crore.
Zee Media reported a consolidated internet lack of Rs 49.9 crore for the second quarter as in comparison with a internet lack of Rs 30.7 crore throughout the identical interval final yr.
Income from operations decreased by 13.78% to Rs 130.7 crore within the quarter below evaluate, down from Rs 151.6 crore within the corresponding quarter of the earlier fiscal yr. Moreover, ZMCL’s complete bills rose by 1.64% to Rs 199.7 crore within the September quarter.
Written with the View : afaqs