Zee Entertainment posts Rs 14.15 crore net loss for Q1

In a not so entertaining news to its shareholders, Zee Entertainment Enterprises Ltd (ZEEL) Wednesday said it closed the first quarter of FY24 with a net loss of Rs 14.15 crore.

In a regulatory filing, the ZEEL said during the first quarter of FY24, it had registered a operational revenue of Rs 1,832.35 crore (against Q1FY23’s Rs 1,663.24 crore) and a net loss of Rs 14.15 crore (net profit Rs 248.87 crore).

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During the quarter under review, the company’s expenses went up to Rs 1,758.82 crore, up from Rs1,458.24 crore spent during the previous year corresponding period.