Zee Entertainment Enterprises Ltd reported healthy Q3FY17 numbers amidst demonetisation woes. The company reported 3.4% yoy increase in net sales at Rs 1,639crs. EBITDA shot up by 20% yoy to Rs 515.8crs. EBITDA margin improved by 438bps yoy to 31.5% led by cost optimisation. Net profit for the quarter stood at Rs 250.8crs, a growth of 8.6% over Q3FY16.