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Zee Entertainment Enterprises

Revenue down 16.25% at Rs 2,045.67 crore vs Rs 2,442.47 crore (Bloomberg estimate: Rs 2,087.26 crore). Ebitda down 38.01% at Rs 209.17 crore vs Rs 337.43 crore (Bloomberg estimate: Rs 208.95 crore). Margin narrows 359 bps to 10.22% vs 13.81% (Bloomberg estimate: 10%). Net profit down 52.42% at Rs 58.5 crore vs Rs 122.96 crore (Bloomberg estimate: Board continues to monitor progress on Zee-Sony merger. Claims against company, termination fee not tenable, it said.