Entertainment Network Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 04, 2023 at 09:34 am EDT
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Entertainment Network (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,079.27 million compared to INR 1,019.67 million a year ago. Revenue was INR 1,145.95 million compared to INR 1,056.09 million a year ago. Net loss was INR 27.52 million compared to INR 57.59 million a year ago. Basic loss per share from continuing operations was INR 0.39 compared to INR 1.04 a year ago. Diluted loss per share from continuing operations was INR 0.39 compared to INR 1.04 a year ago. Basic loss per share was INR 0.57 compared to INR 1.2 a year ago. Diluted loss per share was INR 0.57 compared to INR 1.2 a year ago.
For the full year, sales was INR 4,381.52 million compared to INR 3,175.38 million a year ago. Revenue was INR 4,622.22 million compared to INR 3,358.48 million a year ago. Net loss was INR 107.57 million compared to INR 363.02 million a year ago. Basic loss per share from continuing operations was INR 1.41 compared to INR 6.94 a year ago. Diluted loss per share from continuing operations was INR 1.41 compared to INR 6.94 a year ago. Basic loss per share was INR 2.21 compared to INR 7.6 a year ago. Diluted loss per share was INR 2.21 compared to INR 7.6 a year ago.
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.