Zee Entertainment Share Price Jump 8.13% Amid Leadership Changes

Zee Entertainment Enterprises Ltd was gaining investors’ spotlight on Tuesday. On November 19, 2024, Zee Entertainment share price opened at ₹119.75, up from its previous close of ₹115.40. At 11:09 AM, the share price of Zee Entertainment was trading at ₹124.78, up by 8.13% on the NSE. The market cap of the company was ₹11,985.36 crore.

Looking at the recent developments at the company, Zee Entertainment announced on Monday that Punit Goenka, the group’s Managing Director (MD), has stepped down from his position. However, he will remain a member of the company’s board.

The company stated, “We hereby inform you about the following changes in the Key Managerial Personnel of the Company: Mr. Punit Goenka, Managing Director – Key Managerial Personnel of the Company, decided to relinquish his position as Managing Director of the Company to entirely focus on his operational responsibilities assigned to him by the Board on November 15, 2024.”

Q2 and H1 FY 2025 Financial Highlights

In Q2 FY25, the company reported a total income of ₹20,344 million, compared to ₹25,096 million in Q2 FY24. Net profit was ₹2,094 million, compared to ₹1,230 million in Q2 FY24.

In H1 FY25, the company reported a total income of ₹41,839 million, compared to ₹45,078 million in H1 FY24. Net profit was ₹3,275 million, compared to ₹695 million in H1 FY24.

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