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Zee Entertainment Q1 Results: PAT falls 48% YoY to Rs 74 crore; ad revenue hit by Middle East crisis

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Zee Entertainment Q1 Results: PAT falls 48% YoY to Rs 74 crore; ad revenue hit by Middle East crisis
Zee Entertainment Enterprises reported a 48% year-on-year decline in profit after tax (PAT) to Rs 74.3 crore in the first quarter of FY27, compared with Rs 143.7 crore in the corresponding quarter of the previous fiscal year. The company said advertising revenue was impacted by the Middle East crisis, while the impact was partially offset by FIFA World Cup performance.

Revenue from operations increased 5% year-on-year to Rs 1,907.3 crore in Q1 FY27, compared with Rs 1,824.8 crore in Q1 FY26, according to the company’s exchange filing.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 65% year-on-year to Rs 78.9 crore from Rs 228 crore in the year-ago quarter. The EBITDA margin stood at 4.1%, compared with 12.5% in Q1 FY26.

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Zee Entertainment said domestic advertising revenue was impacted by the Middle East crisis and cricket during the quarter, with overall revenue down 11% year-on-year.
Advertising revenue witnessed a recovery in June following the acquisition of FIFA digital and broadcasting rights, the company said.


Subscription revenue was driven by higher linear subscription pricing and growth in digital subscribers, along with higher average revenue per user (ARPU).
The company reported international advertising revenue of Rs 46 crore, subscription revenue of Rs 103.5 crore and Other Sales & Services revenue of Rs 15.5 crore in Q1 FY27.The company said growth in its studios business was driven by other-language movies, including “Tumbbad Chi Manjula” and “Rakaasa.”

On the operating cost front, programming expenses increased on account of FIFA 2026 and expanded content offerings across platforms.

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Zee Entertainment also continued to selectively invest in growth initiatives, including KidZ, Bullet and Live.

ALSO READ: Has Dalal Street’s near term outlook improved? HSBC lists 4 headwinds, 3 tailwinds to watch out for

Independent director re-appointments

Zee Entertainment announced the re-appointment of four independent directors for a second term of five years, subject to approval by shareholders at the ensuing Annual General Meeting.

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Deepu Bansal has been re-appointed as an Independent Director for a second term of five years from October 13, 2026, to October 12, 2031, both days inclusive.

Uttam Prakash Agarwal has been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.

Venkata Ramana Murthy Pinisetti has also been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.

Shishir Babubhai Desai has also been re-appointed as an Independent Director for a second term of five years from December 17, 2026, to December 16, 2031, upon the recommendation of the Nomination and Remuneration Committee.

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All the re-appointments are subject to approval by the shareholders at the ensuing Annual General Meeting.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Existing Home Sales among economic data due Tuesday

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Existing Home Sales among economic data due Tuesday

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Next announces major Cribbs Causeway upgrade plus Bath and Body Works set to open

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The retailer operates Bath & Body Works in the UK through its partnership model

Bath and Body Works is opening at Cribbs

Bath and Body Works is opening at Cribbs(Image: Next)

Next is planning a “major upgrade” of its store at Cribbs Causeway near Bristol and is also opening a standalone Bath and Body Works outlet at the shopping centre, it has announced.

The retailer, which operates Bath and Body Works in the UK through its partnership model, has confirmed it will be bringing the concept to the South West for the first time after agreeing to lease a 1,797 sq ft unit at The Mall.

It is also planning to upsize its own clothing store at Cribbs to a larger 47,000 sq ft space in a move it says will allow it to showcase more fashion and accessories.

Katie Searle, director of asset management at Sovereign Centros from CBRE, said: “Cribbs has become a hub for brands to test new store concepts and product ranges to help them stay ahead of the competition.

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“The Next at Cribbs Mall is among the retailer’s best stores in the country so we are not surprised that they are bringing Bath and Body Works to Cribbs whilst committing to a major upgrade of their space to create new flagship concepts for the South West.

“These premium stores at Cribbs will act as showrooms, with shoppers of all ages from across the West Country, West Midlands, South West and South Wales travelling to explore the latest styles and trends.”

The investment by Next follows a run of brands opening or expanding at The Mall at Cribbs Causeway over the past few years.

M&S completed a full refit of its 103,000 sq ft store at the end of 2024, adding a market-style foodhall and café, while expanding its footwear department and upgrading its beauty section.

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H&M also opened a new regional flagship at Cribbs Causeway that year, incorporating new tech features across the store, while Boots invested in a modernised beauty hall, which has more than 30 premium brands.

Other retailers to open within the shopping centre in recent months include Miniso, AllSaints, Animal, Levi’s, and Rodd & Gunn.

According to CBRE, Cribbs’ retailers have experienced a 26 per cent rise in domestic visitors over the past year as well as a 13 per cent growth in Gen Z shoppers.

Sovereign Centros from CBRE provides full asset management services across Cribbs on behalf of M&G Real Estate, while Time Retail Partners and Cushman & Wakefield are retained letting agents for the centre, with Green & Partners retained in the leasing advisory role.

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Powerball jackpot hits $905M | Fox Business

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Powerball jackpot hits $905M | Fox Business

The Powerball jackpot surged to an estimated $905 million ahead of Monday night’s drawing, making it the eighth-largest prize in the game’s history.

The pot grew after no ticket matched all six numbers from Saturday night’s drawing.

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The white balls were 5, 9, 35, 54 and 63. The red Powerball was 7 and the Power Play multiplier was three.

It now has an estimated cash value of $391.9 million, according to the lottery.

A lottery ticket is held over a counter.

The Powerball jackpot is now the eighth-largest in the game’s history. (Brandon Bell/Getty Images)

The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are 1 in 292.2 million.

Though there was no jackpot winner in the latest drawing, four tickets matched all five white balls and won $1 million each, the lottery said. Winning Match 5 tickets were sold in Arizona, Florida, Michigan and New York. A ticket matching all five white balls was sold in Texas and included the Power Play option, increasing the prize to $2 million. 

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Monday’s drawing will mark the 43rd in the current jackpot run.

printed tickets for the Powerball Lottery

The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are 1 in 292.2 million. (CatLane/iStock)

The Powerball jackpot was last won on May 2, when two tickets in Florida and Texas split a $20 million prize.

The winner can choose between a lump sum payment or an annuitized prize – one immediate payment followed by 29 annual payments. Both options are before taxes.

A ticket for the Powerball lottery sits on a counter in a store

The Powerball jackpot now has an estimated cash value of $391.9 million, according to the lottery. (Reuters/Andrew Kelly)

Powerball tickets are sold in 45 states, Washington, D.C., Puerto Rico, the U.S. Virgin Islands and the United Kingdom. Drawings occur three nights a week, on Monday, Wednesday and Saturday.

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The biggest Powerball jackpots:

  1. $2.04 billion – Nov. 7, 2022 – California
  2. $1.817 billion – Dec. 24, 2025 – Arkansas
  3. $1.787 billion – Sept. 6, 2025 – Missouri, Texas
  4. $1.765 billion – Oct. 11, 2023 – California
  5. $1.586 billion – Jan. 13, 2016 – California, Florida, Tennessee
  6. $1.326 billion – April 6, 2024 – Oregon
  7. $1.08 billion – July 19, 2023 – California
  8. $905 million – Aug. 10, 2026 (current prize, estimated jackpot)
  9. $842.4 million – Jan. 1, 2024 – Michigan
  10. $768.4 million – March 27, 2019 – Wisconsin
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Jumex launches reduced-sugar beverages

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Jumex launches reduced-sugar beverages

The Jumex Reduced line features half the sugar content of its traditional beverages. 

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B&G Foods hires board member as new CEO

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B&G Foods hires board member as new CEO

Rob Mills has been on the company’s board for eight years.

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Google Stock Sputters, But These Catalysts Could Spark A Rebound

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Google Stock Sputters, But These Catalysts Could Spark A Rebound

After surging to an all-time high in May, Alphabet (GOOGL) stumbled, eventually retreating below its 10-week moving average. Big changes at Google’s DeepMind artificial intelligence unit rattled shares as Wall Street wondered if the search and cloud giant was falling behind OpenAI and Anthropic. While Google stock maintains its spot on the Investor’s Business Daily Leaderboard, investors are looking for…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Northern companies benefit from Government electric vehicle backing

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Nine companies around the North have won backing from the Drive35 programme

The Nissan Leaf being built

The Nissan Leaf being built(Image: Nissan)

Northern companies have shown how the region is playing a major role in the switch to electric vehicles after securing Government backing for their work.

Nine companies around the region including the giant Nissan plant at Sunderland – have won backing from the Government’s £4bn Drive35 programme, which is intended to speed up the electrification of the car industry. Officials at the Department for Business, Innovation, Science and Trade said the funding would support hundreds of jobs.

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Among those benefitting are Gateshead’s Turntide Technologies for a £17m project to accelerate the production of new flux motors, and Manchester’s Watercycle Technologies, which has secured £3m to demonstrate how lithium for vehicle batteries can be recovered from waste.

Themulon, in Sedgefield, County Durham; Nexperia UK and Gravis Robotics, both in Stockport; Electra Commercial Vehicles in Brighouse; and Xerode, Aftrak and Cybass, all in Sheffield; have also secured financial backing.

Industry minister Blair McDougall said: “Britain invented the modern motor industry and we’re determined to ensure the next generation of vehicles are designed and built here too.

“This investment will secure skilled jobs, strengthen our manufacturing heartlands and help drive the reindustrialisation of Britain.”

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As part of its project, Turntide will expand the use of its Gateshead production and R&D campus while reestablishing a dedicated component and validation facility in Cramlington, Northumberland. The company said the project would help it create new jobs.

CEO Steve Hornyak said: “Project Supreme is an important step in scaling next-generation electric motor technology production in the U.K. for the global market. By enabling high volume axial flux motor production through automation and overall cost reduction, we’re driving wider adoption of more efficient, lighter electric powertrains across automotive and industrial applications.”

At Watercycle Technologies, co-founder Dr Ahmed Abdelkarim said: “ReLiVE directly supports the UK’s ambition to build a secure, domestic supply of battery-grade lithium. The Government’s Critical Minerals Strategy sets a clear goal to establish large-scale UK lithium production and reduce our reliance on imports.

“By demonstrating that high-purity lithium can be produced from circular, low-carbon sources here in the UK, ReLiVE can help turn that ambition into reality. It shows how British innovation can support the transition to zero-emission transport while building the strategic capabilities the country needs for a more resilient battery supply chain.” for a more resilient battery supply chain.”

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ReLiVE represents a significant step in scaling Watercycle’s technology from pilot operations towards commercial lithium production, demonstrating a circular approach to lithium refining at a scale not yet seen in the UK.

The Government has said it intends to phase out the sale of new petrol and diesel cars by 2030 as part of efforts to cut emissions and tackle climate change. Reports have suggested ministers are considering watering down the target in order to ease the cost of living, but a Government spokesperson insisted they were “committed to the 2030 phase-out date”.

Shadow transport secretary Richard Holden said the Government should abandon the 2030 target.

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Expedia Stock: Travel Giant In Buy Zone After Latest Move

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Expedia Stock: Travel Giant In Buy Zone After Latest Move

Travel leader Expedia (EXPE) is above its latest buy point and in buy range, roughly two weeks after its latest breakout move. That makes Expedia stock Monday’s pick for IBD 50 Growth Stocks To Watch from Investor’s Business Daily. The company’s portfolio of brands includes Expedia for full-service booking, Hotels.com, specializing in hotels, and Vrbo to handle vacation rentals. Expedia…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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FIIs more than doubled their stakes in 11 multibaggers in June quarter. Do you own any?

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The Economic Times

At least 34 BSE-listed companies with a market capitalisation above Rs 3,000 crore have delivered over 100% returns in the past six months. Notably, FIIs increased their holdings in 27 of these stocks during the June quarter, with stakes more than doubling in 11 companies. Here are the stocks that attracted the most institutional interest.

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Brabazon developer agrees affordable housing partnership that will see 1,700 homes built

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YTL Developments is working with one of the UK’s largest housing associations

SNG affordable homes at Brabazon

SNG affordable homes at Brabazon(Image: WAYNE REID)

The company building the new Brabazon development to the north of Bristol is partnering with one of the UK’s largest housing associations to deliver 1,700 affordable homes as part of the scheme.

YTL Developments said the deal would help “address the full breadth” of the housing challenge across the region.

The Malaysia-based firm is behind the vast scheme on the old Filton Airfield, which will have some 6,500 homes when completed as well as student accommodation, offices, community facilities, 86 acres of parks and green space, and the new Bristol Brabazon train station.

The development was among seven areas of the UK to receive town status from the government last year.

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Brabazon Park with views of the lake and YTL Live entertainment complex

Brabazon Park with views of the lake and YTL Live entertainment complex(Image: Handout)

Under the agreement, YTL Developments and Sovereign Network Group (SNG) will provide affordable homes to support the housing demands of the growing urban area.

SNG already has a strong presence in the area, with some 1,700 homes across Bristol and South Gloucestershire. It has also delivered around 30 per cent of the affordable homes already built at Brabazon.

Seb Loyn, director of planning and development at YTL Developments, said: “Partnerships are the only way to address the full breadth of the housing challenge.

“By working together, we can combine expertise, resources and ambition to deliver the quality homes and thriving communities that people need.”

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SNG and YTL Developments are also in advanced negotiation to establish a long-term SNG office base within one of Brabazon’s flagship commercial buildings.

The masterplan for Brabazon includes more than three million sq ft of office and employment space.

Charlie Stevens, SNG’s regional managing director for the West, said: “SNG and YTL Developments share an ambition to create well-designed, thriving neighbourhoods and support the long-term success of one of the South West’s most significant regeneration projects.

“This partnership will help us to develop innovative solutions that balance housing need with residents’ aspirations, while ensuring new communities remain financially sustainable, inclusive and great places to live.”

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