Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Zee Media
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 171 | 148 | 140 | 152 | 167 | 179 | 176 | 131 | 159 | 156 | 182 | 179 | 240 |
| Expenses + | 166 | 153 | 160 | 172 | 193 | 153 | 161 | 162 | 153 | 164 | 163 | 162 | 162 |
| Operating Profit | 5 | -5 | -20 | -20 | -25 | 26 | 15 | -31 | 6 | -8 | 20 | 17 | 78 |
| OPM % | 3% | -3% | -14% | -13% | -15% | 15% | 8% | -24% | 4% | -5% | 11% | 10% | 33% |
| Other Income + | 1 | -17 | 11 | 4 | 3 | 4 | 9 | 2 | 1 | -5 | 1 | 1 | 1 |
| Interest | 7 | 7 | 6 | 5 | 5 | 8 | 8 | 7 | 8 | 7 | 5 | 5 | 5 |
| Depreciation | 23 | 23 | 19 | 20 | 19 | 27 | 30 | 30 | 30 | 29 | 27 | 27 | 26 |
| Profit before tax | -24 | -53 | -34 | -41 | -46 | -5 | -14 | -67 | -30 | -50 | -11 | -13 | 49 |
| Tax % | -20% | -13% | -26% | -26% | -23% | 32% | -26% | -25% | -25% | -26% | -23% | 17% | -8% |
| Net Profit + | -19 | -46 | -25 | -31 | -36 | -7 | -10 | -50 | -22 | -37 | -9 | -16 | 53 |
| EPS in Rs | -0.31 | -0.73 | -0.40 | -0.49 | -0.57 | -0.10 | -0.17 | -0.80 | -0.36 | -0.59 | -0.14 | -0.25 | 0.84 |
Financials of Zee Media
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 335 | 544 | 543 | 450 | 573 | 687 | 632 | 649 | 867 | 721 | 638 | 622 | 757 |
| Expenses + | 303 | 504 | 464 | 353 | 466 | 532 | 449 | 430 | 605 | 660 | 677 | 640 | 650 |
| Operating Profit | 32 | 40 | 79 | 97 | 108 | 155 | 183 | 219 | 262 | 61 | -39 | -18 | 107 |
| OPM % | 10% | 7% | 14% | 22% | 19% | 23% | 29% | 34% | 30% | 8% | -6% | -3% | 14% |
| Other Income + | 23 | 8 | 12 | -48 | 9 | -51 | -315 | -7 | -212 | -12 | 21 | 8 | -2 |
| Interest | 10 | 53 | 49 | 15 | 18 | 18 | 24 | 24 | 38 | 30 | 24 | 30 | 22 |
| Depreciation | 16 | 50 | 47 | 27 | 41 | 55 | 88 | 81 | 85 | 92 | 85 | 119 | 108 |
| Profit before tax | 29 | -56 | -4 | 7 | 58 | 30 | -243 | 107 | -73 | -73 | -127 | -160 | -25 |
| Tax % | 26% | -22% | 12% | 336% | 52% | 121% | 11% | 29% | 62% | -5% | -22% | -25% | |
| Net Profit + | 21 | -43 | -5 | -16 | 28 | -6 | -271 | 76 | -118 | -69 | -98 | -119 | -8 |
| EPS in Rs | 0.61 | -0.99 | -0.18 | -0.42 | 0.42 | -0.15 | -5.76 | 1.61 | -1.88 | -1.10 | -1.57 | -1.91 | -0.14 |
| Dividend Payout % | 0% | 0% | -78% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Zee Media
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 36 | 44 | 47 | 47 | 47 | 47 | 47 | 63 | 63 | 63 | 63 | 63 |
| Reserves | 207 | 325 | 500 | 469 | 625 | 591 | 318 | 485 | 394 | 325 | 227 | 158 | 134 |
| Borrowings + | 111 | 460 | 385 | 109 | 125 | 194 | 118 | 366 | 244 | 199 | 246 | 174 | 107 |
| Other Liabilities + | 104 | 173 | 176 | 563 | 255 | 211 | 243 | 207 | 270 | 286 | 433 | 486 | 534 |
| Total Liabilities | 446 | 994 | 1,104 | 1,188 | 1,052 | 1,042 | 726 | 1,105 | 971 | 873 | 968 | 880 | 837 |
| Fixed Assets + | 138 | 630 | 579 | 152 | 230 | 247 | 294 | 262 | 329 | 340 | 555 | 428 | 378 |
| CWIP | 3 | 4 | 12 | 23 | 7 | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 0 |
| Investments | 4 | 2 | 3 | 511 | 525 | 431 | 70 | 71 | 80 | 58 | 42 | 43 | 43 |
| Other Assets + | 302 | 359 | 511 | 502 | 290 | 364 | 362 | 772 | 561 | 472 | 370 | 408 | 416 |
| Total Assets | 446 | 994 | 1,104 | 1,188 | 1,052 | 1,042 | 726 | 1,105 | 971 | 873 | 968 | 880 | 837 |
Financials of Zee Media
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 28 | -18 | 34 | 95 | 66 | 59 | 164 | 123 | 230 | 146 | 77 | 64 |
| Cash from Investing Activity + | -54 | 19 | -65 | -100 | -103 | -98 | -27 | -44 | -166 | -98 | 15 | -7 |
| Cash from Financing Activity + | 36 | 19 | 100 | -33 | -15 | 34 | -51 | -29 | -120 | -93 | -92 | -48 |
| Net Cash Flow | 10 | 20 | 69 | -38 | -52 | -5 | 87 | 51 | -56 | -45 | -1 | 8 |
| Free Cash Flow | -77 | -16 | -9 | 39 | -36 | -0 | 107 | 79 | 132 | 39 | 69 | 53 |
| CFO/OP | 142% | 10% | 71% | 101% | 87% | 62% | 103% | 71% | 107% | 288% | -217% | -264% |
Financials of Zee Media
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95 | 77 | 79 | 114 | 111 | 110 | 116 | 134 | 100 | 77 | 118 | 117 |
| Inventory Days | 34 | 55 | ||||||||||
| Days Payable | 235 | 342 | ||||||||||
| Cash Conversion Cycle | 95 | -123 | -208 | 114 | 111 | 110 | 116 | 134 | 100 | 77 | 118 | 117 |
| Working Capital Days | 111 | -108 | 28 | -29 | -11 | 17 | 40 | 210 | 73 | -56 | -165 | -139 |
| ROCE % | 12% | 1% | 6% | 11% | 10% | 13% | 16% | 21% | 23% | -2% | -18% | -27% |
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