Essel Group net profit increased by 10.66% during Q4 FY13

The entertainment arm of Essel Group of companies, Zee Entertainment Enterprise Limited (ZEEL) reported a 10.66% increase in its consolidated net profit, which reached Rs 180.35 crore during the last quarter of the financial year 2012-13.

In a statement to Bombay Stock Exchange, ZEEL mentioned that during Q2 FY12, the net profit of the company was Rs 162.97 crore.

Last year, the consolidated sales of Essel Group owned ZEEL was recorded at Rs 869.06 crore during Q4 FY12, and it increased by 10.95% at Rs 964.29 crore this financial year, which ended on March 31, 2013.

For the same quarter, i.e. Q4 FY13, ZEEL recorded a profit of Rs 718.15, as compared to Q4 FY12, where it was recorded at Rs 590.71 crore.

The Chairman of ZEEL and Essel Group, Subhash Chandra said, “Zee has a very successful year in FY 2013, with strong financial results, reflecting our focus in delivering superior performance. This year also marked the successful completion of 20 years of brand Zee. To mark the 20th year celebration the board has recommended a cash dividend of Rs 2 per share. In addition, the board has announced the huge distribution of Rs 2,000 crore through a bonus issue of redeemable preference shares.”

On Bombay Stock Exchange, the shares of ZEEL ended at Rs 241.35.

Zee Entertainment Enterprise Limited is Mumbai-India-based Entertainment Company. The CEO of ZEEL is broadcasting in 169 countries.

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