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ENIL reports 43.6 per cent rise in total income

18-May-2007
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ENIL reports 43.6 per cent rise in total income

Entertainment Network India Ltd (ENIL) has reported a 43.6 per cent rise in its total income for the year, to stand at Rs 170.53 crore. The results given out also reveal a 41.4 per cent rise in the company’s total income, increasing from Rs 32.84 crore (Q4FY06) to Rs 46.43 crore for the quarter ended March 31, 2007.

The official note reported that the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 56.4 per cent to Rs 14.25 crore, resulting in a net profit of Rs 10.44 crore.

Commenting on the performance of the company, AP Parigi, CEO and MD, ENIL, said, “This quarter has seen high intensity of competitive activity and Radio Mirchi’s growth performance is a clear sign of the leadership status of the brand, success of the strategy, and strength of the management team.”

Total income during the year grew by 43.6 per cent to Rs 170.53 crore, while EBITDA increased by 25.2 per cent to Rs 47.75 crore and net profit stood at Rs 29.08 crore -- up 47.9 per cent. On a like basis, EBITDA for FY07 stood at Rs 47.20 crore, up 23.8 per cent Year on Year (YoY).

The official communiqué also noted that the stations in the cities of Bangalore, Hyderabad and Jaipur achieved a positive EBITDA in the first year of their operations.

The company has reported consolidated net profits of Rs 25.14 crore, up 18.4 per cent YoY. The consolidated total income was Rs 237.60 crore and EBITDA was Rs 45.28 crore.

“The other engine of growth of the company, Times Innovative Media Ltd, has chipped in with a good performance, bagging some of the prestigious projects in Times OOH media this quarter,” Parigi added.

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