Fall in realizations to impact year-on-year performance on profitability.
This significant growth was attributed to higher income and effective operational strategies
Profit after tax declined 17% year-on-year in the first quarter.
Recommendation: Add; Target price: Rs 980
Steady performance expected from the company.
However, the company denied any allegations of an ongoing investigation.
According to Zee, marketing costs climbed as a result of investments in new series, films, and theatrical releases, while programming and technological costs rose as a result of greater content costs in movies.
The company's board approved the issuance of 7,59,77,000 equity shares valued at Rs 10 each
In comparison to the same quarter last year, the company reported an EBITDA of Rs 70 crore in the June quarter, an increase of 41% year over year.
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