Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Media sector. The brokerage house expects Zee Entertainment Enterprises to report net profit at Rs. 489.6 crore up 20% year-on-year (up 5.8% quarter-on-quarter).
Net Sales are expected to increase by 5.7 percent Y-o-Y (up 4 percent Q-o-Q) to Rs. 2,087.9 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.9 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 663.1 crore.