Zee Entertainment Enterprises Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2025, recommended Final Dividend of 2.43 per equity share.
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On the reaction day the stock moved 4.7 pts more than Nifty Smallcap 250 and 4.0 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zee Entertainment's board approved audited Q4 and FY25 results along with a final dividend of Rs 2.43 per share (face value Rs 1) for FY25, subject to shareholder approval. Consolidated revenue from operations fell about 4% to Rs 8,418 crore (from Rs 8,767 crore a year ago), but consolidated profit after tax jumped sharply to Rs 680 crore from Rs 141 crore last year, helped by lower exceptional charges compared to the prior year. Standalone PAT more than doubled to Rs 701 crore from Rs 302 crore, with EPS rising to Rs 7.30 from Rs 3.14. Auditors Walker Chandiok & Co LLP gave an unqualified opinion but flagged emphasis-of-matter notes on the ongoing SEBI investigation into certain vendor transactions and a USD 940 million damages claim by Star India in an ICC broadcasting-rights arbitration.
The sharp jump in profits is largely a function of much lower exceptional/one-time charges versus last year rather than core business strength, since top line actually shrank. The dividend of Rs 2.43 per share is a small return relative to past payouts. Investors should keep an eye on the Star India arbitration and SEBI investigation, both flagged by auditors, as outcomes could materially affect the company.