Entertainment Network India : Mirchi EBITDA grows 22.8%; Revenues sluggish
November 01, 2017 at 09:03 am EDT
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Mirchi EBITDA grows 22.8%; Revenues sluggish
Mumbai, November 1, 2017:
Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today announced its results for the quarter ended September 30, 2017.
The Company posted a total revenue of Rs. 125.7 crores during the quarter compared to Rs.129.6 crores in Q2FY17. EBITDA during the quarter was Rs 28.4 crores, up 22.8%. PAT was Rs.6.0 crores for the quarter ended September 30, 2017.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: 'It's been a tough quarter with GST related disruptions affecting all media businesses. July and August were severely affected. September saw a smart, albeit temporary, recovery on the back of an early festive season. We expect conditions to improve in the 4th quarter. We remain focused on increasing our listenership, improving our non-radio business profitability and strengthening our second brand, Mirchi Love'
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.
Balagopal Padmakumar/Kailash Yevale- +91 9594000266/ +91 9768580748 balagopal.p@adfactorspr.com/kailash.yevale@adfactorspr.com Adfactors PR Pvt. Ltd.
ENIL - Entertainment Network (India) Limited published this content on 01 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 November 2017 13:02:02 UTC.
Original documenthttp://www.enil.co.in/media-center-68.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 
