Zee Entertainment Enterprises ’ third quarter revenues rose 26.6 percent year-on-year to Rs 1188 crore, driven by a strong growth in advertisement revenues and a healthy increase in subscription revenues. However, a 32.5 percent rise in expenditure squeezed margins and limited Y-o-Y growth in net profit to 10.5 percent to Rs 213.6 crore. Operating margins for the quarter fell to 24.5 percent from 27.8 percent.
Advertising revenues were up 34.3 percent to Rs 684.3 crore and subscription revenues by 11.4 percent to Rs 456.5 crore. Of total subscription revenues, domestic accounted for Rs 322.2 crore or 71 percent.
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Advertising revenues were up 34.3 percent to Rs 684.3 crore and subscription revenues by 11.4 percent to Rs 456.5 crore. Of total subscription revenues, domestic accounted for Rs 322.2 crore or 71 percent.
Best to catch this stock low in the morning and go for the ride to 300 to 310…. use Feb futures.
Buy above spot 286 for 289 and 292 stop loss 285…….Sell below 282 for 280 and 275 stop loss