Zee Entertainment Enterprises Ltd. reported its September quarter results on Thursday, October 16. The stock fell in response to the results.

The company reported a net profit of ₹76.5 crore compared to ₹20.9 crore in the September quarter last year.

Its revenue declined by 1.9% to ₹1,995 crore in second quarter from ₹2,034 crore in the same period last year.

Zee Entertainment's earnings before interest, taxes, depreciation and amortisation (EBITDA) declined by 48% to ₹185.4 crore in the July to September period from ₹356.9 crore last year.

Its margin contracted to 9.3% from 17.5% in the year-ago period.

On another note, in June, the company said it is aiming for a breakeven in its digital business Z5 or Zee5 in the current financial year. The business had reported a loss of ₹548 cr

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