PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Media & Entertainment sector. The brokerage house expects Zee Entertainment to report net profit at Rs. 137.7 crore down 44.9% year-on-year (down 11.4% quarter-on-quarter).
Net Sales are expected to decrease by 16.8 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 2,029.1 crore, according to PL Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 23.8 percent Y-o-Y (down 6.6 percent Q-o-Q) to Rs. 253.6 crore.
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