Zee Entertainment to clock PAT CAGR of 19%; cut earnings estimates by 3%: IDFC

Zee Media Corporation | Promoter entity ARM Infra & Utilities sold 8 lakh shares in company, reducing stake to 12.20 percent and 25FPS Media offloaded 2.08 percent stake.

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26 Aug, 2025 12:21

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Research and broking house IDFC Securities has come out with a report on Zee Entertainment Enterprises wherein it has cut the earnings estimates of the company by 3 percent over FY18-19. The house believes that weak ad growth commentary by Zee led to cut for FY18 ad growth estimate to 12 percent as against 14 percent as projected earlier.

However, the broking firm expects net profit of Zee Entertainment to grow at compound annual growth rate (CAGR) of 19 percent over FY17-19 while on the other hand it believes that AD/subscription revenue is likely to grow at CAGR of 15 percent and 16 percent over FY17-19.

On September 18, 2017 Zee Entertainment Enterprises completed two-step sale of its sport business, TEN Sports Network, to Sony Pictures and received USD 36.32 million (about Rs 232 crore) in the second phase.

At 12:07 hrs Zee Entertainment Enterprises was quoting at Rs 530.95, down Rs 18.15, or 3.31 percent. It has touched an intraday high of Rs 551.15 and an intraday low of Rs 528.25.