Entertainment Network India : Radio Mirchi Q2 Total revenue rises 11.5% at Rs. 129.6Cr
November 09, 2016 at 12:36 am EST
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Radio Mirchi Q2 Total revenue rises 11.5% at Rs. 129.6Cr
Mumbai, November 8, 2016:
Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today declared its result for the second quarter ended September 30, 2016.
The company posted a growth of 11.5% in total income at Rs. 129.6 crores as compared to Rs.116.3 crores in Q2FY16. The company reported operating EBITDA of Rs 23.1 crores and PAT of Rs.7.9 crores for the quarter ended September 30, 2016.
Commenting on the results, Mr. Prashant Panday, Managing Director and Chief Executive Offer, ENIL, said: 'It's been a busy quarter for us! We are in the midst of many exciting launches; of core brand Mirchi in cities like Chandigarh, Guwahati and Kochi and our 2nd brand, Mirchi Love in Ahmedabad, Surat, Jaipur and Lucknow. We are offering new innovative content and recruiting existing and new listeners. We have stepped up marketing spends and early research indicates that we have made a strong start and in fact have become leaders in key markets. I am confident this will translate into a stronger business in the years ahead!'
About ENIL: (BSE Code: 532700) (NSE Code: ENIL)
Entertainment Network (India) Limited (ENIL) is a leading city-centric media company and is listed on the BSE and NSE. Incorporated in June 1999, ENIL operates FM radio broadcasting stations through the brand Radio Mirchi in 38 Indian cities and is headquartered in Mumbai. Promoter of ENIL, Bennett, Coleman & Co. Limited (BCCL), is the flagship company of The Times of India Group, which has a heritage of 175 years and is one of India's leading media groups.
ENIL - Entertainment Network (India) Limited published this content on 08 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2016 05:36:05 UTC.
Original documenthttp://www.enil.co.in/media-center-62.php
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Entertainment Network (India) Limited is an India-based advertising company. The Company generates its advertising revenues by the sales of airtime in the Companyâs frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of Companyâs digital and other media properties. The Company operates FM radio broadcasting stations in 63 Indian cities. The Companyâs subsidiaries include Alternate Brand Solutions (India) Limited, Entertainment Network, Inc., Entertainment Network, LLC, Global Entertainment Network Limited W.L.L., and Mirchi Bahrain W.L.L. Its brands include Radio Mirchi, Mirchi Plus, Mirchi 95, Mirchi Love and Kool FM. The Company operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Kolkata, and other.
ENTERTAINMENT NETWORK (INDIA) LIMITED 
