Zee Telefilms beams up on Q3 numbers

DALAL STREET SPIKES

Zee Telefilms was in limelight as the scrip touched an high of Rs 161.80 on the back of impressive third quarter result.

The stock gained over 2 per cent to finally close at Rs 159.70 as the company announced a 27 per cent jump in net profit at Rs 90.19 crore for the quarter ended December 31, 2003 against Rs 70.88 crore in the same period last year.

According to analysts, the rise in advertising revenue is a positive sign for the company. The third quarter saw advertising revenues up by 7.7 per cent to Rs 184.2 crore against Rs 171 crore during the same period last year. The company's total income, on a consolidated basis, has gone up 19.8 per cent to Rs 389.43 crore.