Zee Entertainment returns to profitability in Q1, reports net profit of Rs 118 crore

India’s Zee Entertainment Enterprises reported a first-quarter profit on Wednesday, led by growth in its subscriber base. The broadcaster reported a consolidated net profit of Rs 118 crore for the quarter ended June 30, compared to a loss of Rs 53.42 crore a year ago.

Reportedly, the company’s subscription revenue increased 9% to Rs 987 crore rupees, boosting its total income by nearly 8%. Zee’s shares has been trading almost five percent higher at Rs 152.75 a piece at the time of filing this report.