Zee Entertainment Enterprises (ZEE) has reported a steep drop in its consolidated net profit for the October-December 2022 quarter. The company's net profit fell by 92 percent to Rs 24.3 crore, compared to Rs 299 crore in the same period a year ago. Its revenue from operations remained flat at around Rs 2,111 crore, down 0.1 percent on-year. Zee's advertising revenue also saw a decline, falling to Rs 1,063 crore from Rs 1,261 crore in Q3 FY22.