ZEEMEDIA
Zee Media financials
- Market cap
- ₹487 Cr
What Zee Media does
Zee Media Corporation Limited (ZMCL) is a 24/7 news broadcaster operating a portfolio of 16 television news channels: one global English channel (WION), four national Hindi/Urdu channels (Zee News, Zee Business, Zee Bharat, Salaam TV) and 11 regional-language channels spanning states from Punjab to Tamil Nadu. It also runs 3 digital-only news channels and, through subsidiary Indiadotcom Digital Private Limited (IDPL), a network of news, business, lifestyle, health and tech websites and mobile apps. During FY2024-25 the company added two new wholly-owned subsidiaries — Pinews Digital Private Limited (a hyper-local, AI-driven app) and Zee Media Inc. in the USA — to extend its digital and global reach.
Segments
- National & global TV news channels
- Regional-language TV news channels
- Digital publishing
- TV news channels
- 16 (1 global, 4 national, 11 regional language)
- Languages covered
- 12
- Digital-only news channels
- 3
- Branded mobile apps
- 14 apps across 12 languages
- Linear TV monthly reach
- 282 Mn viewers (FY2024-25)
- Digital monthly average users
- 193.1 Mn (FY2024-25)
Quarterly results
Q1 FY27: revenue up 4.9%, net profit down 33.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 159 | 156 | 182 | 179 +37% | 240 +51% | 158 +1% | 191 +5% |
| EBITDA | -31 | 6 | -8 | 20 | 17 +155% | 78 +1200% | -9 −12% | 16 −20% |
| Net profit | -50 | -22 | -37 | -9 | -16 +68% | 53 +341% | -27 +27% | -12 −33% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −40.4% 1Y
1Y: ₹12.46 on 10 Sept 2025 → ₹7.43. High ₹12.65 (11 Sept 2025), low ₹6.65 (30 Mar 2026).
Financials, as filed
Revenue grew 1.7% a year over 3 years, FY23 to FY26. Operating margin widened to 14.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹721 Cr | ₹638 Cr | ₹622 Cr | ₹759 Cr |
| Operating profit | ₹60 Cr | ₹-39 Cr | ₹-18 Cr | ₹106 Cr |
| Operating margin | 8.3% | -6.1% | -2.9% | 14.0% |
| Interest | ₹29 Cr | ₹24 Cr | ₹30 Cr | ₹20 Cr |
| Depreciation | ₹91 Cr | ₹85 Cr | ₹119 Cr | ₹105 Cr |
| Net profit | ₹-69 Cr | ₹-99 Cr | ₹-119 Cr | ₹1 Cr |
| Net margin | -9.5% | -15.5% | -19.1% | 0.1% |
| Cash from operations | ₹146 Cr | ₹77 Cr | ₹64 Cr | ₹98 Cr |
| Free cash flow | ₹39 Cr | ₹69 Cr | ₹53 Cr | ₹93 Cr |
| ROCE | -2.0% | -18.0% | -27.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹47 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr |
| Reserves | ₹485 Cr | ₹394 Cr | ₹325 Cr | ₹227 Cr | ₹134 Cr | ₹161 Cr |
| Borrowings | ₹366 Cr | ₹244 Cr | ₹199 Cr | ₹246 Cr | ₹107 Cr | ₹83 Cr |
| Other liabilities | ₹207 Cr | ₹270 Cr | ₹286 Cr | ₹433 Cr | ₹534 Cr | ₹566 Cr |
| Total liabilities | ₹1.1k Cr | ₹971 Cr | ₹873 Cr | ₹968 Cr | ₹837 Cr | ₹873 Cr |
| Fixed assets | ₹262 Cr | ₹329 Cr | ₹340 Cr | ₹555 Cr | ₹378 Cr | ₹323 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹71 Cr | ₹80 Cr | ₹58 Cr | ₹42 Cr | ₹43 Cr | ₹42 Cr |
| Other assets | ₹772 Cr | ₹561 Cr | ₹472 Cr | ₹370 Cr | ₹416 Cr | ₹508 Cr |
| Total assets | ₹1.1k Cr | ₹971 Cr | ₹873 Cr | ₹968 Cr | ₹837 Cr | ₹873 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −8.76 pp while promoters added +5.14 pp. The shareholder count shrank 2% to 1,87,238.
- Promoters
- 9.0%
- FIIs
- 19.8%
- DIIs
- 4.1%
- Government
- 0.4%
- Public
- 66.7%
Since Jun 2025
- Public −8.76 pp
- Promoters +5.14 pp
- FIIs +3.78 pp
How it drifted, 12 quarters
Over this window the public fell from 91.7% to 66.7% — −25.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 0.1%, FIIs 8.3%, Public 91.7%.Dec '23: Promoters 0.1%, FIIs 8.5%, Public 91.5%.Mar '24: Promoters 0.1%, FIIs 8.1%, Public 91.8%.Jun '24: Promoters 0.4%, FIIs 8.2%, Public 91.4%.Sep '24: Promoters 1.6%, FIIs 8.8%, Public 89.6%.Dec '24: Promoters 1.6%, FIIs 12.1%, DIIs 4.2%, Public 82.1%.Mar '25: Promoters 1.6%, FIIs 13.7%, DIIs 4.2%, Public 80.5%.Jun '25: Promoters 3.9%, FIIs 16.0%, DIIs 4.3%, Government 0.4%, Public 75.4%.Sep '25: Promoters 6.3%, FIIs 16.0%, DIIs 4.3%, Government 0.4%, Public 73.0%.Dec '25: Promoters 9.5%, FIIs 15.0%, DIIs 4.2%, Government 0.4%, Public 70.9%.Mar '26: Promoters 9.5%, FIIs 16.0%, DIIs 4.2%, Government 0.4%, Public 69.8%.Jun '26: Promoters 9.0%, FIIs 19.8%, DIIs 4.1%, Government 0.4%, Public 66.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund (a sub-fund of Sun Alpha Global VCC) FPI fund newly disclosed 4.58% held
The same filing shows 11 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Zee Media above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Miloeux Media And Entertainment Private Limited | 16.00% | −0.76 pp |
| Auv Innovations Llp | 8.98% | −0.43 pp |
| Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund (a sub-fund of Sun Alpha Global VCC) FPI fund | 4.58% | newly disclosed |
| Stci Finance Limited NBFC / DFI | 3.99% | −0.20 pp |
| Keya Vimal Salot | 3.63% | −0.17 pp |
| Multitude Growth Funds Limited FPI fund | 2.16% | −0.10 pp |
| Nexpact Limited FPI fund | 2.06% | −0.09 pp |
| Acacia Partners, Lp FPI fund | 1.87% | −0.09 pp |
| Acacia Conservation Fund Lp FPI fund | 1.61% | −0.08 pp |
| Acacia Institutional Partners, Lp FPI fund | 1.43% | −0.07 pp |
| Viral Amal Parikh | 1.27% | −0.06 pp |
| Ravinder Kumar Agarwal | 1.05% | −0.05 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Zee Media
Guides on how to read this kind of business and the numbers that matter.