Zee Entertainment Q1 profit jumps 42% to Rs 224 crore

MUMBAI: Zee Entertainment Enterprises Ltd (ZEEL) on Thursday posted 43% rise in consolidated net profit to Rs 224 crore for the first quarter ended June 30, 2013, according to a company release.

Consolidated total income stood at Rs 973.3 crore in the April-June quarter of this fiscal compared to Rs 843 crore during the same period of 2012-13.

"Our performance during the quarter reflects the investments that Zee is making to grow its business and market share. This has been accompanied by a strong improvement in the operating performance of the company during the quarter. In a highly competitive space, Zee continues to build its media assets and in the process continues to create a value for the shareholders," said ZEEL Chairman Subhash Chandra.

ZEEL's total consolidated revenue from advertising also grew 18.5% to Rs 530 crore in Q1. The company's consolidated revenue from subscription also increased by 16.5% to Rs 424 crore.