Zee Entertainment Enterprises Limited (ZEEL.BO)
| Previous close | 144.95 |
| Open | 143.00 |
| Bid | 143.00 x 0 |
| Ask | 143.10 x 0 |
| Day's range | 142.00 - 144.25 |
| 52-week range | 138.00 - 299.50 |
| Volume | |
| Avg. volume | 2,443,197 |
| Market cap | 137.21B |
| Beta (5Y monthly) | 0.75 |
| PE ratio (TTM) | 120.04 |
| EPS (TTM) | 1.19 |
| Earnings date | 23 May 2024 - 27 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 15 Sept 2022 |
| 1y target est | N/A |
- Reuters
UPDATE 2-India's Zee to trim 15% of workforce in structural overhaul
Indian broadcaster Zee Entertainment will cut 15% of its workforce, it said on Friday, in its latest bid to trim costs. Zee has had two major deals fail in recent months - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney. Its cash reserves also fell to 2.48 billion rupees in the six months ended Sept. 30, from 5.88 billion rupees a year earlier.
- Reuters
India's Zee cuts staff by about half at Bengaluru's Technology & Innovation Centre
India's Zee Entertainment on Friday said it has reduced the workforce at its Technology & Innovation Centre in Bengaluru by about half, following recommendations by a company-formed review panel to cut costs. The decision was made by the managing director and chief executive officer Punit Goenka, the company said. The committee, comprising company chairman R. Gopalan and audit committee chairman Prakash Agarwal, had suggested that Zee should substantially reduce losses in its businesses, including its English-language TV channels, and cut costs in other areas to meet a key profit target, the broadcaster said on Tuesday.
- Reuters
CORRECTED-UPDATE 2-India's Zee should focus on cost cuts, struggling businesses in profit pursuit, panel says (March 26)
India's Zee Entertainment should substantially reduce losses in its businesses, including its English TV channels, and cut costs in other areas to meet a key profit target, according to a company-formed review panel, the broadcaster said Tuesday. The move - coming on the heels of a failed $10 billion merger with Sony India and the collapse of a $1.4 billion cricket broadcasting deal over a missed payment - is aimed at helping the company hit key performance targets, Zee said. That includes a 20% earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin target proposed by CEO Punit Goenka, Zee said.
