ZEE Entertainment shares rally 5% after Q4 results. Should you buy, sell or hold?
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Shares of Zee Entertainment rose 5% on Saturday on BSE to the day’s high of Rs 141.65 after the company on Friday reported a profit for the March quarter against loss a year ago. Zee on Friday reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year. The total income in the reporting quarter increased 3% year-on-year to Rs 2,185 core. ZEE has said that it will see most of the one-time higher costs towards implementing the interventions in the current quarter, offsetting underlying operating performance improvements and causing softness on margins. Also read: JSW Steel shares fall over 2% after Q4 result disappoints Here’s how brokerages view the results: Goldman Sachs The partial recovery in revenues was appreciable. However, margins remained subdued coupled with a weak EBITDA margin profile at 9.7% for the fourth quarter. Goldman has cut its fY25-27 re...