Zee Media Corporation Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,673.1 million compared to INR 1,712 million a year ago. Revenue was INR 17.5 million compared to INR 1,725.2 million a year ago. Net loss was INR 359.1 million compared to INR 191.6 million a year ago. Basic loss per share from continuing operations was INR 0.57 compared to INR 0.31 a year ago. Diluted loss per share from continuing operations was INR 0.57 compared to INR 0.31 a year ago.
For the nine months, sales was INR 4,593.1 million compared to INR 5,729.3 million a year ago. Revenue was INR 4,684.9 million compared to INR 5,779.2 million a year ago. Net loss was INR 919.2 million compared to INR 230.1 million a year ago. Basic loss per share from continuing operations was INR 1.47 compared to INR 0.37 a year ago. Diluted loss per share from continuing operations was INR 1.47 compared to INR 0.37 a year ago.