Zee Media Shares Close 1.07% Higher on Friday; FY26 Turns Profitable Despite Q4 Loss, Board Clears Rs 11,900 Crore Fund Raise Plans

On Friday, shares of Zee Media Corporation Ltd closed at Rs 8.49 per share, up 1.07 per cent from its previous closing price of Rs 8.40 per share. The stock touched an Intraday high of Rs 8.80 per share, reflecting a surge of 4.51 per cent from the previous close. The stock’s 52-week high is Rs 16.46 per share and its 52-week low is Rs 6.65 per share.

As of 16:00 IST on May 29, 2026, Zee Media shares settled higher after the company announced its audited financial results for the fourth quarter and full financial year ended March 31, 2026. While the company reported a quarterly loss, it managed to return to profitability on an annual basis and also unveiled multiple strategic fund-raising initiatives.

For the fourth quarter of FY26, Zee Media reported consolidated total revenue of Rs 17,196 lakh, lower than Rs 24,130 lakh recorded in Q3 FY26. However, revenue was slightly higher than Rs 16,172 lakh reported in Q4 FY25.

The company reported a consolidated net loss of Rs 2,653 lakh during the quarter, compared with a profit of Rs 5,277 lakh in the previous quarter. Higher operational and employee-related expenses weighed on profitability during the period. On a standalone basis, Zee Media reported a net loss of Rs 1,432 lakh for Q4 FY26.

Despite the weak quarterly performance, Zee Media delivered a significant improvement in its full-year financial performance.

The company reported consolidated total revenue of Rs 77,633 lakh in FY26, compared with Rs 63,297 lakh in FY25.

More importantly, Zee Media posted a consolidated net profit of Rs 190 lakh for FY26, compared with a consolidated net loss of Rs 11,942 lakh in FY25. The turnaround was supported by cost rationalisation measures and new revenue-generation strategies.

One of the notable contributors was the monetisation of the company’s content archives through licensing agreements. The initiative generated Rs 8,019 lakh in revenue during the third quarter of FY26, helping strengthen the company’s financial position.

To strengthen its capital base and support future growth initiatives, the Board of Directors approved multiple fund-raising proposals.

The company is progressing with the issuance of Foreign Currency Convertible Bonds (FCCBs) worth up to USD 46.59 million. The proposed FCCBs will carry a 5 per cent coupon rate and a maturity period of 10 years.

Additionally, the board approved raising up to Rs 11,900 lakh through the issuance of 14 crore fully convertible warrants to non-promoter entities at an issue price of Rs 8.50 per warrant.

The company also announced the cancellation of warrants previously allotted to three Foreign Portfolio Investors (FPIs). The investors expressed their unwillingness to exercise the conversion option, resulting in the forfeiture of an upfront subscription amount of Rs 5,000 lakh.

Incorporated in 1999, Zee Media Corporation Ltd operates in the news broadcasting and digital news publishing business and is part of the Essel Group.

The company reaches around 220 million users through its portfolio of 15 news channels, including one global channel, three national channels and 11 regional channels on the linear television platform.

Its digital platform, Zee News, publishes content in nine languages including Hindi, English, Marathi, Bengali, Tamil, Telugu, Malayalam, Kannada and Gujarati, reaching more than 60 million users. Its global news channel WION is available across the Middle East and North Africa region through Etisalat and in the U.K. through Sky Channel.

The company has a market cap of over Rs 530.99 crore. The stock price has declined over 38.83 per cent in the last one year.

From its 52-week low of Rs 6.65 per share, the stock has delivered a return of approximately 27.67 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.

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