Entertainment Network India : Radio Mirchi reports Rs. 148 Crores revenue in Q3
February 05, 2018 at 08:15 am EST
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Radio Mirchi reports Rs. 148 Crores revenue in Q3
Mumbai, February 5, 2018:
Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today announced its results for the quarter ended December 31, 2017.
The Company posted a total revenue of Rs. 148.4 crores during the quarter compared to Rs.150.6 crores in Q3FY17. EBITDA during the quarter was Rs 35.6 crores. PAT was Rs.13.1 crores for the quarter ended December 31, 2017.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: 'While our revenues dropped a notch, it was because of some issues with one single client. Had that not happened, we would have reported a 4.6% growth. Fortunately, the issue has been resolved recently. There was also the impact of early Diwali which advanced as much as Rs 12 crores from this quarter into the previous one. With all this behind us, we remain confident about rapid revenue and profit growth in FY19 and beyond. We are delighted that our new Phase-3 stations have started making a profit within just a year and a half of launch!'.
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 41 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.
For More Information Please Contact:
Dalpat Jain - + 91 22 6753 6919
dalpatraj.jain@timesgroup.com
Entertainment Network (India) Ltd.
ENIL - Entertainment Network (India) Limited published this content on 05 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 February 2018 13:14:09 UTC.
Original documenthttp://www.enil.co.in/media-center-69.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 
