Entertainment Network India : Radio Mirchi reports strong results; revenues up 23%
February 08, 2016 at 10:09 am EST
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Radio Mirchi reports strong results; revenues up 23%
Mumbai, February 8, 2016:
Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today declared strong results for the quarter ended December 31, 2015.
Revenues grew 22.9% to Rs. 143.6 crores. Company's reported EBITDA grew by 11.6% to Rs.49.7 crores, though underlying EBITDA growth was 17.4%. Net Profit of the Company stood at Rs. 27.0 crores in Q3FY16.
Revenues for the nine months ended December 31, 2015, grew by 15.1% to Rs. 361.40 crores while EBITDA stood at Rs. 120.8 crores, up 9.1%.
Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched 'Mirchi T3' radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent India's premier airport.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: 'The festive quarter has been a terrific one for us! We have grown by 23% in Q3 this year after having grown at 19% in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!'.
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 various 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 over 175 years and is India's leading media group.
ENIL - Entertainment Network (India) Limited issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 15:08:49 UTC
Original Document: http://www.enil.co.in/media-center-60.php
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 
