Zee Entertainment Enterprises Q2 PAT may dip 70.1% YoY to Rs. 58.8 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July-Sept’ 26) earnings estimates for the Media & Entertainment sector. The brokerage house expects Zee Entertainment Enterprises to report net profit at Rs. 58.8 crore down 70.1% year-on-year (up 55.7 percent Q-o-Q).

Net Sales are expected to decrease by 2.6 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 1,949.4 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 63.6 percent Y-o-Y (down 48.7 percent Q-o-Q) to Rs. 117 crore.

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