Top Story


Home >> Advertising >> Article

ENIL registers 20 per cent rise in revenues during Q1FY08

Font Size   16
ENIL registers 20 per cent rise in revenues during Q1FY08

Entertainment Network (India) Ltd (ENIL), which owns the FM radio channel Radio Mirchi and outdoor media agency Times OOH, has announced its results for the quarter ended June 30, 2007. During the quarter Q1FY08, ENIL has reported that the revenues grew by 19.5 per cent to Rs 40.84 crore from Rs 34.17 crore for the quarter ended June 30, 2006 (Q1 FY07).

The company’s earnings before interest, depreciation, tax and amortisation (EBITDA) grew 16.9 per cent to Rs 6.66 crore, and net profit stood at Rs 41.2 lakhs. On a like basis, comparing 10 legacy stations, EBITDA for Q1FY08 stood at Rs 8.27 crore, up 45 per cent YoY. On a consolidated basis, the company reported revenues, EBITDA and net loss of Rs 69.10 crore, Rs 33.48 lakhs and Rs 7.67 crore respectively.

Commenting on the performance of the company, AP Parigi, MD and CEO, ENIL, said, “The quarter witnessed rapid fire roll out of stations. In a period of four months, 10 stations in different geographies went on air. The initial response in these stations has been good. Radio Mirchi continues to be leader with 49 per cent market share. We believe that we have taken a significant step forward in our Times OOH business by building a portfolio of high quality assets. We believe our planned initiatives in the OOH business will be value accretive.”

During the quarter, Radio Mirchi completed the launch of seven new stations -- Patna, Jalandhar, Bhopal, Rajkot, Baroda, Panji and Kanpur. It also launched stations at Nasik, Varanasi and Aurangabad in July 2007. These were among the 22 stations slated to be rolled out in phase II.


Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

Rekha Sethi of AIMA, TV Mohandas Pai of Manipal Global Education Services Pvt Ltd, Col Rajyavardhan Singh Rathore, Minister of State for I&B, Sanjiv Goenka of RP-Sanjiv Goenka Group, Harshavardhan Neotia of Ambuja Neotia Group and Sanjay Kirloskar of Kirloskar Brothers Ltd Punit Goenka of Zee Entertainment Enterprises Ltd with Col Rajyavardhan Singh Rathore Rajan Anandan of Google India with Col Rajyavardhan Singh Rathore and Sanjiv Goenka of RPSanjiv Goenka Group Acharya Balkrishna of Patanjali Ayurved with Col Rajyavardhan Singh Rathore Vijay Shekhar Sharma of Paytm with Col Rajyavardhan Singh Rathore Motilal Oswal of Motilal Oswal Financial Services Ltd with Col Rajyavardhan Singh Rathore Indu Jain of Bennett Coleman & Co Ltd Director and screen writer Ali Abbas Zafar with Col Rajyavardhan Singh Rathore and Sanjiv Goenka M V Gowtama of Bharat Electronics Ltd with Col Rajyavardhan Singh Rathore Writer and filmmaker, Bhuvan Lall, Annurag Batra of exchange4media group & BW|Businessworld, Major Maroof Raza (Retd.), Consultant & Strategic Affairs Advisor, Times Now, writer and journalist, François Gautier, Member of Parliament, Swapan Dasgupta, Sonia Singh of NDTV, Hardeep Singh Puri, Minister of State (Independent Charge) for Housing & Urban Affairs, Deepak Verma of The Debating Society of India, Dr. Rajiv Kumar of NITI Aayog, former Union Minister, Manish Tiwari and former Member of Parliament, Pavan Varma Annurag Batra Mani Shankar Aiyar, Former Diplomat & Union Minister Pratham Mittal of Lovely Professional University Actor Kabir Bedi Sonia Singh and Maroof Raza Hardeep Singh Puri Swapan Dasgupta Dr. Rajiv Kumar Deepak Verma Virender Sharma, Joint Secretary - Department of Urban Development, Himachal Pradesh, Sima Saha, Mayor, Bhagalpur Municipal Corporation, Vinod Aggarwal, Mayor, Moradabad Municipal Corporation, Sita Sahu, Mayor, Patna, Anjum Parwez, Secretary, Department of Urban Development, Karnataka, Shobha Srishail Banshetti, Mayor, Solapur Municipal Corporation, Ashish Mathur of JUSCO

The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)