(PTI) Zee Entertainment Enterprise Ltd (ZEEL) on Thursday reported a consolidated net profit of ₹181.93 crore for the March quarter.
The company had posted a net profit of ₹272.36 crore in the January-March quarter a year ago, according to a BSE filing.
Its total income during the quarter under review was ₹2,361.17 crore. It was at ₹1,984.39 crore in the year-ago period.
"The impact on the results for the quarter and year ended March 31, 2022 is primarily due to restrictions caused by the COVID-19 on the business activities. Hence, the results for the quarter and year ended March 31, 2022 are not strictly comparable with the results of the earlier periods presented," ZEEL said.
Revenue from advertisement was at ₹1,119.83 crore in the latest March quarter as against ₹1,122.96 crore in the preceding year.
While its subscription revenue was at ₹854.86 crore as against ₹803.35 crore in the March quarter of FY21.
Revenue from 'other sales and services' was at ₹348.21 crore in comparison with ₹39.51 crore a year ago.
ZEEL's total expenses in the quarter under review were at ₹1,921.80 crore. It was ₹1,516.10 crore in the corresponding quarter previous year.
For the fiscal year ended March 2022, ZEEL's net profit was at ₹955.77 crore. It had reported a net profit of ₹793.04 crore in the previous fiscal.
Its total income was at ₹8,310.64 crore in 2021-22 over ₹7,840.35 crore in FY 2020-21.
On Thursday, shares of ZEEL settled 0.72 per cent up at ₹229.75 on the BSE.