Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today announced its results for the quarter ended June 30, 2018.
The Ccompany posted strong set of numbers, Rrevenues grew by 16.4% to Rs. 121.6 crores, Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) grew by 65.0% to Rs.28.4 crores, and PAT grew by 107.3% to Rs. 9.2 crores in Q1FY19.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: “'Our numbers show that we have fully bounced back from the demonetization and GST induced lows of last year. All our products have done well. Our core radio revenues have grown by 22%. Our activations & concerts margins have improved from 24% to 28%. Our profit growth has been exemplary too. With our number 1 position in listenership in most important markets, the financial results are hardly a surprise!”'
Shares of ENTERTAINMENT NETWORK (INDIA) LTD. wereas last trading in BSE at Rs.739 as compared to the previous close of Rs. 734.95. The total number of shares traded during the day was 345 in over 22 trades. The stock hit an intraday high of Rs. 739 and intraday low of 722.5. The net turnover during the day was Rs. 251881.- Equity Bulls