Entertainment Network : Q4FY17 Result
Nidhi Jani / 24 May 2017
It reported PAT of Rs. 13.8 crore which represents a sequential QoQ decline of 15.3 per cent and a YoY decline of 42.2 per cent.
Entertainment Network (ENIL) reported its results for the quarter ended March 31, 2017, on Tuesday.
Total sales for this quarter, Q4FY17, came in at Rs. 162.3 crores. This represents 8.2 per cent sequential increase and 18.6 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 15.6 crore and the EBIT margin stood at 9.6 per cent.
It reported PAT of Rs. 13.8 crore which represents a sequential QoQ decline of 15.3 per cent and a YoY decline of 42.2 per cent.
The board has recommended a dividend of Rs. 1 per equity share for the face value of Rs. 10 each.
Today, the stock opened at Rs. 768.15 and touched intra-day high and low of Rs. 776.15 and Rs. 765.10 respectively on the BSE.
Commenting on the results, Mr Prashant Panday, MD and CEO of ENIL, said: “De-monetization hit the media industry adversely in Q4. ENIL’s core radio business was also impacted. However, our strong non-radio businesses and new Phase-3 stations helped us post strong revenue growth. EBITDA and PAT were impacted by Demonetization and continuing investments in brand building for new stations. What is extremely satisfying is that our new stations are doing extremely well both in listenership and revenues”.
Entertainment Network is a leading city-centric media company which operates FM radio broadcasting stations through the brand Radio Mirchi in 40 Indian cities.