Radio Mirchi posts 53.4% growth in profit in FY19
Entertainment Network India, which operates Radio Mirchi, has made Rs 175.5 crore as revenue during the fourth quarter
Entertainment Network India, which operates Radio Mirchi, has announced its results for the fourth quarter and the year ended March 31, 2019.
As per the media reports, Radio Mirchi has registered Profit After Tax (PAT) growth of 69.2 per cent to Rs 19.8 crore for the quarter, and a growth of 53.4 per cent to reach Rs 53.9 crore for the entire year.
Prashant Panday, MD and CEO, ENIL was reported as saying: “Our focus on the ‘solutions’ business and on growing margins and pricing have paid rich dividends. The core radio business itself remains on strong footing, generating strong cash flows.”
Entertainment Network India has made a revenue of Rs 175.5 crore during the quarter with a 10.1 per cent growth and Rs 620.5 crore during the full year after a growth of 15.5 per cent.
EBITDA during the quarter stood at Rs 43.8 crore with a growth of 23.6 per cent and Rs 139.8 crore for the full year, with an increase of 19.9 per cent.
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