Final Dividend for FY 24-25
Awaiting price reaction for this filing.
The board of Zee Entertainment Enterprises Limited (ZEEL), at its May 8, 2025 meeting, recommended a final dividend of Rs. 2.43 per equity share (face value Rs. 1 each) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The company also approved audited financial results for Q4 and FY ending March 31, 2025. On a standalone basis, ZEEL's FY25 profit surged to Rs. 7,013 million from Rs. 3,015 million in FY24, more than doubling year-on-year, even as revenue from operations dipped to Rs. 77,124 million from Rs. 80,750 million. Consolidated profit also jumped sharply to Rs. 6,795 million from Rs. 1,414 million. Statutory auditor Walker Chandiok & Co LLP issued an unqualified opinion, though it flagged ongoing SEBI investigation and the Star India arbitration dispute (USD 940 million claim) as emphasis matters.
The dividend is a positive signal for income-focused shareholders, though the payout is contingent on AGM approval. Strong bottom-line growth despite weak revenue signals improved operational efficiency, but regulatory and litigation overhangs with SEBI and Star India remain key risks that could weigh on the stock.