Stocks of Zee Telefilms hit an intra-day high of Rs 119.40, before ending 2.20 per cent lower at Rs 115.75, after the company announced Q1 results that were below expectations. More than 21.94 lakh shares of the company were traded on the BSE.
Zee Telefilms recorded a 30.6 per cent rise in net profit at Rs 62.3 crore, as compared to Rs 47.67 crore in the corresponding period last year. Total income increased by 16.36 per cent to Rs 308.38 crore, from Rs 265.01 crore in JQ 2002.
On a standalone basis, Zee Tele posted a net profit of Rs 17.07 crore (Rs 16.6 crore) on a total income of Rs 108.59 crore (Rs 108.63 crore).