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Zee Entertainment shares plunge after 63% YoY PAT collapse
Zee Entertainment stock falls over 3% after disclosing a 63% YoY drop in PAT and weak revenues.
Shares of Zee Entertainment tumbled ~3–3.3% after the company reported a 63% decline in Q2 PAT. The sharp earnings drop triggered broker downgrades and cautious outlooks for advertising and content monetization. The revenue line was also weak, raising concerns about Indian media sector headwinds. Early trading saw weakness in media names broadly. Investors are now watching whether Zee can stabilize through cost cuts or business restructuring, and how its debt metrics respond in the near term.