Mumbai May 10 (IANS) Zee Entertainment on Wednesday reported a substantial increase of 42 per cent in net profit for the quarter ended March 31.
According to a filing to the BSE its net profit during the quarter rose to Rs 262 crore from Rs 184.39 crore reported for the corresponding period of 2015-16 while standalone total income grew 11.63 per cent to Rs 1 268 crore from Rs 1 135.85 crore reported in the corresponding quarter of 2015-16.
The company s consolidated net profit jumped 568.47 per cent during the January to March quarter to Rs 1 514 crore from Rs 226.52 per cent in the corresponding period of 2015-16.
Its consolidated total income grew 1.5 per cent to Rs 1 583 crore from Rs 1 559 crore reported in the corresponding quarter of 2015-16.
For the full financial year 2016-17 the firm s standalone net profit saw an increase by 57 per cent to Rs 1 034 crore from Rs 658 crore earned during 2015-16.
Its standalone total income for 2016-17 rose by 19 per cent to Rs 5 275.51 crore as compared to Rs 4 432.56 crore in 2015-16.
The company s consolidated net profit in the financial year 2016-17 increased by 170 per cent to Rs 2 220 crore as compared to Rs 824 crore in 2015-16.
Its consolidated total income in 2016-17 jumped by 11 per cent to Rs 6 658 crore as compared to Rs 6 008 crore in 2015-16.
The company s Board of Directors has approved a dividend of Rs 2.50 per share equivalent to 250 per cent of the paid up equity share capital for financial year 2016-17.
--IANS
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Zee Entertainment s Q4 net profit up 42%
