Zee Entertainment Enterprises Limited’s Board has approved the unaudited standalone and consolidated financial results for Q3 2026. Revenue from operations reached ₹21,486 million. The Board also addressed ongoing investigations and disputes, expressing confidence in the company’s position. The audit reports indicate certain uncertainties but do not modify the overall conclusions regarding the financial results.
Financial Performance Highlights
Zee Entertainment reported ₹21,486 million in revenue from operations for Q3 2026. Other income contributed an additional ₹121 million, bringing the total income to ₹21,607 million. Total expenses amounted to ₹19,984 million, resulting in a profit before tax of ₹1,529 million. After tax, the profit for the period stood at ₹1,116 million.
Earnings Per Share
The basic and diluted earnings per share were reported at ₹1.16 for Q3 2026.
Ongoing Investigations and Disputes
The Board addressed the ongoing investigation by the Securities and Exchange Board of India (SEBI) and inspection by the Ministry of Corporate Affairs. The Board also discussed the dispute with Jiostar India Private Limited regarding the Alliance Agreement. The company believes it has strong grounds to defend against Jiostar’s claims.
Auditor’s Observations
The auditor’s report notes uncertainties related to the SEBI investigation and the Jiostar dispute but states that these issues do not modify their overall conclusion on the financial statements. The auditor also draws attention to the fact that based on its review of records of the Company and its subsidiary, the transactions (including refunds) were against consideration for valid goods and services received.
Key Expenses
Operational costs were the most significant expense at ₹13,102 million, followed by advertisement and publicity expenses at ₹3,264 million and employee benefit expenses at ₹1,838 million.
Standalone Financial Results
Total revenue from operations in the standalone results reached ₹56,803 million for the nine months ended 31 December 2025, with a profit of ₹3,014 million. The independent auditor’s report notes concerns regarding ongoing investigations but does not alter the overall conclusion on the results.
Consolidated Results
The unaudited consolidated financial results reveal revenue from operations of ₹61,439 million for the nine months ended 31 December 2025. The profit for the period was ₹3,750 million.
The consolidated results also highlight a dispute with Jiostar, with Jiostar claiming damages of USD 1,003 million. The Company believes that the claims made by Jiostar are unfounded and has strong and valid grounds to defend its claims.
Source: BSE
