Mumbai, Oct. 18 -- Zee Entertainment Enterprises Ltd (ZEEL) on Thursday said it was forced to make provisions worth 170 crore in the quarter ended 30 September, due to delay in the recovery of a loan to an outside entity. In a stock exchange filing, Subhash Chandra's flagship company also said that a bank where ZEEL maintained a 200 crore deposit adjusted the sum against the dues of certain other related parties.

ZEEL said it recorded a revenue of 2,122 crore in the September quarter, up 7.4% from the year-ago period, while profit grew by 6.9% to 413.2 crore. The growth was driven by the strong performance of domestic broadcast and digital businesses, the company added.

However, the filings with the stock exchanges also revealed certain i...