ZEE gains 7% after Punit Goenka resigns as MD to take over reins as CEO

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Subscription revenue, meanwhile, saw an uptick of 9.2 per cent YoY.

Thus far in the calendar year 2024, the market price of ZEE has more-than-halved, or tanked 56 per cent, as compared to the 8 per cent rise in the BSE Sensex.

In Q2 FY25, earnings before interest, taxes, depreciation and amortisation (Ebitda) margin stood at 16 per cent, increasing by nearly 320 bps QoQ on effective cost management aided the profitability.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Zee Entertainment Enterprises share price Board meeting Markets CEO Managing Director ZEEL ZEE Share price Resigns Punit Goenka

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 11:27:08 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 746 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23690552

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