The stock surged 8 per cent to Rs 416.45 on the BSE.
On the NSE, it gained 7.75 per cent to Rs 416.60.
ZEE has posted net profit of Rs 247.40 crore for the July-September quarter of the current fiscal, as against Rs 227.55 crore for the same period of last fiscal.
Total income of the company stood at Rs 1,384.90 crore during the quarter as against Rs 1,117.82 crore last year, ZEE said in a regulatory filing yesterday.
In order to provide clear focus on international broadcasting operations, the company's board has approved in- principle the re-organisation of the overseas broadcasting operations of all international channels, excluding sports channels, English channels and uplinking activities currently housed under the company's overseas subsidiaries.