Zee Entertainment Enterprises surged 4% to Rs 218.15 at 11:31 IST on BSE on reporting 104.2% surge in net profit to Rs 130.97 crore on 48.5% increase in net sales to Rs 333.32 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Wednesday, 23 July 2008.
The stock hit a high of Rs 232.90 and a low of Rs 214 so far during the day. The stock had a 52-week high of Rs 362.80 on 12 October 2007 and a 52-week low of Rs 169 on 22 January 2008.
The company has an equity capital of Rs 43.40 crore. Face value per share is Rs 1.
The current price of Rs 218.15 discounts its Q1 June 2008 annualised EPS of Rs 12.07, by a PE multiple of 18.07.
On consolidated basis, Zee Entertainment Enterprises reported 97.75% rise in net profit to Rs 160.71 crore on 38% increase in total income to Rs 569.76 crore in Q1 June 2008 over Q1 June 2007.
The company’s board will meet on 30 July 2008 to consider buyback of equity shares.
Zee Entertainment's principal activities are to produce content, distribute TV channels and provide educational services.
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