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.