Zee Entertainment Q2 profit drops 40% to Rs 46 crore as EBITDA margin contracts to 3.2%
Zee Entertainment moved higher in a quarterly results development with September 30 in focus.
· ET Stocks, Economic Times Markets
Zee Entertainment Enterprises reported a 40% decline in consolidated net profit for the quarter ended September 30, 2026. Operating revenue increased by 13%, largely due to growth in subscription revenue supported by the FIFA World Cup 2026. Total expenditure rose by 18% primarily driven by increased programming and promotional costs.
Key facts
- Dates in focus
- September 30
The analysis
Zee Entertainment reported Rs 46 crore, with movement of 40%, 13% and 18% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.8% on the day at ₹66.40, and has returned -40.8% over three months. It sits 43% below its 52-week high, which means a good deal of bad news was already in the price. The telecom & media sector has moved +0.9% over the same period, so Zee Entertainment is running 41.7 points behind its peers.
For Zee Entertainment, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Zee Entertainment (ZEEL), in Telecom & Media.
- Over three months: Zee Entertainment -40.8% against Telecom & Media +0.9% (41.7 points behind).
- At least 25% below the 52-week high: Zee Entertainment (43%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Zee EntertainmentZEEL · Telecom & Media | ₹66.40 | -5.8% | -10.8% | -40.8% | -42.6% | 0.7× | — |
Telecom & Media
1M -0.2% · 3M +0.9%
Zee Entertainment
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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