Zee Entertainment shares declind to about five-month low in Friday's trade after the company reported a 63 percent decline in consolidated net profit at Rs 76.5-crore in the second quarter ended September 30. The company, which runs channels such as ZeeTV and ZeeCinema, had posted a consolidated net profit of Rs 209-crore in the corresponding quarter last fiscal.
Shares of Zee Entertainment Enterprises dropped to an intraday low of Rs 105.1 per share on the NSE, down 3.85 percent.
Zee Entertainment shares drop to 5-month low as Q2 net profit declines 63%
Advertising revenue remained under pressure in the first half of FY26 at Rs 1564.8 crore, down 14% from Rs 1,813 crore in the same period last fiscal.
Domestic advertising revenue declined due to slowdown in FMCG spending. The company noted that domestic advertising environment continues to be soft; pick-up on account of festive season augurs well for near-term.
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