Zee Entertainment Enterprises Limited has reported its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company announced a 13% year-on-year increase in operating revenue for Q2 FY27, reaching ₹22,246 million. EBITDA for the quarter stood at ₹708 million, with an EBITDA margin of 3.2%, impacted by investments in new initiatives.
Zee Entertainment Reports Q2 FY27 Financial Performance
Zee Entertainment Enterprises Limited has released its earning release for the quarter and half-year ended September 30, 2026. The company’s operating revenue for the second quarter of Fiscal Year 2027 (Q2 FY27) saw a significant year-on-year increase of 13%, amounting to ₹22,246 million. This growth was primarily driven by the digital business segment.
Key Financial Highlights for Q2 FY27
The company reported an EBITDA of ₹708 million for Q2 FY27, with an EBITDA margin of 3.2%. This margin was impacted by the Middle East crisis affecting the ad environment and continued investments in new strategic initiatives. The ‘Z’ Network demonstrated growth, gaining share across Hindi and other language markets, with a Week 24 All India TV Network Share of 20%.
Digital Business Momentum
The digital business continued its growth momentum, with ZEE5 YoY Revenue Growth at 101%, reaching ₹6,260 million for Q2 FY27. ZEE5’s Q2 FY27 EBITDA was reported at ₹416 million. The platform also saw 34 shows and movies released, including 9 originals, during the quarter.
Balance Sheet and Treasury Investments
As of September 26, 2026, Zee Entertainment maintained a healthy balance sheet with Cash and Cash Equivalent standing at ₹25.7 billion. The Condensed Balance Sheet as of September 2026 shows Total Assets of ₹1,46,789 million and Total Equity & Liabilities of ₹1,46,789 million.
Content and ESG Initiatives
The company highlighted its content inventory and advances, driven by investment in content, which increased by ₹2.9 billion during H1 FY27. Zee Studios released 1 Hindi and 5 Other Language Movies during Q2 FY27. In terms of ESG, Zee Entertainment achieved a high score of 51 out of 100 in the S&P Global ESG Corporate Sustainability Assessment 2025, placing it in the top 5% globally in the Media, Movies, and Entertainment sector.
Source: BSE
