Entertainment Network India posts Rs 52.2-crore net
Entertainment Network India Limited (ENIL), which operates India's leading private FM radio, Radio Mirchi, reported net profit of 52.2 crore for the year ended March, up 192% from a year ago.
By ET Bureau |
MUMBAI: Entertainment Network India Limited (ENIL), which operates India's leading private FM radio, Radio Mirchi, reported net profit of 52.2 crore for the year ended March, up 192% from a year ago.
The net profit includes profit of 12.3 crore from sale of the company's subsidiary Times Innovative Media Limited. On a consolidated basis, net profit for the full year was 17.2 crore compared with loss of 15.3 crore a year ago. Revenue for the period was 461.6 crore. EBITDA for the year was 91 crore, up 53%.
For the three-month ended March, the company posted consolidated net profit of 20.3 crore on revenue of 92.7 crore. Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) rose 120% to 32.6 crore. EBITDA margin was up at 40% from 24% a year ago.
"It's been an outstanding quarter. Revenue growth has been buoyant, lifted by ICC ODI cricket World Cup," said Prashant Panday, executive director and CEO. "EBITDA has grown strongly on the back of better cost management," he added.
The net profit includes profit of 12.3 crore from sale of the company's subsidiary Times Innovative Media Limited. On a consolidated basis, net profit for the full year was 17.2 crore compared with loss of 15.3 crore a year ago. Revenue for the period was 461.6 crore. EBITDA for the year was 91 crore, up 53%.
For the three-month ended March, the company posted consolidated net profit of 20.3 crore on revenue of 92.7 crore. Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) rose 120% to 32.6 crore. EBITDA margin was up at 40% from 24% a year ago.
"It's been an outstanding quarter. Revenue growth has been buoyant, lifted by ICC ODI cricket World Cup," said Prashant Panday, executive director and CEO. "EBITDA has grown strongly on the back of better cost management," he added.
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