ZMCL posts Rs 133 cr in revenue in Q2FY25

At the media house's board meeting, it was announced that Dr Vikas Garg has been elected an Additional Director in the category of Independent Director of ZMCL

by e4m Staff
Published: Oct 25, 2024 5:10 PM | 2 min read

Zee Media Corporation Ltd (ZMCL) recently launched its financial results for the quarter ending 30 September, 2024.

The media house’s revenue was Rs 133 crore during the quarter, which dropped by 13.43% over one year. The same figure stood at Rs 153.7 crore during July-Sept of FY24.

The total income for H1 of the year turned out to be Rs 310.4 crore as opposed to Rs 297.9 crore, marking a 4.19% increase.

Additionally, the board meeting's outcome document mentioned Dr. Vikas Garg being appointed as an Additional Director in the category of Independent Director.

His appointment is for the first term of five consecutive years commencing from October 26, 2024 to October 25, 2029.

Garg is an entrepreneur with over 25 years of experience across diverse sectors, including chemicals, plastics, technology, healthcare, agribusiness, waste management, fintech, hospitality, and entertainment. Dr. Garg's strategic insights have been crucial in the growth of numerous businesses listed on the stock exchanges.

According to the release, "His ability to turn around struggling businesses has demonstrated exceptional growth potential. One of his notable achievements includes orchestrating the acquisition of Ebix Inc. through Eraaya Lifespaces Limited, which significantly enhanced the group's capabilities in software and ecommerce solutions for the insurance and financial sectors.

"Additionally, Dr. Garg's commitment to sustainability and innovation is exemplified by his three Indian patents in waste plastic management and biodegradable plastics, said the release. Dr. Garg holds an Honorary Doctorate in Business Administration from the British National University of Queen Mary and a Bachelor of Commerce from Delhi University."