ICRA puts the company’s credit facilities under rating watch with negative implications. ICRA places it on rating watch with developing implications.
Sales for the 9M period ended December 2021 declined by 1% on-year at Rs 649.50 crore against Rs 656 crore for the previous 9M period.
Consolidated Q3FY22 Revenue up by 44% at Rs565.83cr; EBITDA up by 35% at Rs159.67cr.
Over the past two years, the 1.2 million strong workforce of the Indian Tea Industry has shown tremendous resilience in the face of the COVID-19 pandemic.
Zee Entertainment Enterprises fell 1.64% to Rs 288 after the companys consolidated net profit fell 25.30% to Rs 298.73 crore on 22.60% decline in net sales to Rs 2,112.64 crore in Q3 December 2021 over Q3 December 2020.
The Company has started the process for acquisition of Plant.
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