Zee Entertainment Enterprises Ltd (ZEEL) on Tuesday reported a consolidated net loss of Rs 103.7 crore for the March quarter of FY 2025-26, on account of higher expenses.It had posted a net profit of Rs 188.4 crore in the January-March period a year ago, according to a regulatory filing.Total income dropped 5.36 per cent year-on-year (YoY) to Rs 2,101.1 crore in the quarter under review.Total expenses stood at Rs 2,341.8 crore against Rs 1,958.4 crore in the fourth quarter of FY25. This was up on account of "higher A&P (advertising and promotion) spends due to increased content offering (YoY) on Zee5, launch of KidZ and higher legal costs," said ZEEL in its investor presentation.In the quarter under review, ZEEL's revenue from Advertising was down 3.5 per cent at Rs 808 crore impacted by the West Asia crisis in March, following a healthy traction in January and February.However, its subscription revenue increased 3.87 per cent to Rs 1,024.7 crore in the fourth quarter, aided by subscriber additions in digital and higher Average Revenue Per User (ARPU).Revenue from other sales and services was down 46.65 per cent at Rs 192 crore in the quarter, on account of "syndication offset by studios business".In the entire FY26, ZEEL's net profit dropped 60 per cent to Rs 271.3 crore. Total income remained nearly flat at Rs 8,245 crore.Meanwhile, in a separate filing, ZEEL informed stock exchanges that its board, in a meeting held on Tuesday, recommended a dividend of Rs 2 per equity share of Re 1 each for financial year 2025-26.Shares of ZEEL settled at Rs 87.68 apiece on the BSE, up 3.58 per cent from the previous close. PTI