ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Media sector. The brokerage house expects Zee Entertainment to report net profit at Rs. 236 crore down 55.5% year-on-year (up 1.8% quarter-on-quarter).
Net Sales are expected to decrease by 37.6 percent Y-o-Y (down 29.3 percent Q-o-Q) to Rs. 1,252.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 46.9 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs. 350 crore.
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