Zee Media reports Rs 194.77 crore revenue in Q2 FY23, down 5.51% YoY

Zee Media Corporation Ltd (ZMCL) on Tuesday reported narrowing of its consolidated net loss at Rs 12.08 crore for the second quarter that ended September 2023.

The company posted a net loss of Rs 102.67 crore during the July-September quarter of FY22, ZMCL said in a regulatory filing.

Its revenue from operations was down 5.51% to Rs 194.77 crore during the quarter under review. It stood at Rs 206.14 crore in the corresponding period a year ago.

Its total expenses rose 17.7% at Rs 204.23 crore in the September quarter.

Formerly known as Zee News Ltd, ZMCL is a part of media baron Subhash Chandra-led Essel Group and operates one of the largest news networks with 14 news channels in ten different languages.

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