Entertainment Network (India) Share Price

Broadcasting & Cable TV company Entertainment Network (India) announced Q1FY25 results: Domestic revenues for Q1FY25 were Rs 109.4 crore, representing a 19.3% YoY increase. This broad-based growth was driven by both the radio and digital segments. In Q1FY25, EBITDA (excluding digital) was Rs 20.5 crore, up from Rs 19.2 crore in Q1FY24. Profit After Tax (PAT) rose to Rs 5.8 crore, compared to Rs 4.4 crore in the same period last year. Digital revenues reached Rs 17.8 crore, constituting almost 25 % of our radio revenue, up from 11.8% in Q1FY24. The international market remained EBITDA positive. ENIL's consolidated revenues for Q1FY25 were Rs 113.5 crore, reflecting an 8.9% YoY growth. The balance sheet remained strong with a cash balance of Rs 355 crore. Commenting on the developments, Yatish Mehrishi, CEO of ENIL, said: “Extremely pleased with the results for Quarter 1, we have continued the growth momentum from previous year. The new Gaana app has been well-received, and our digital segment is poised for further growth. The initial investment in the new platform is stabilizing, and we anticipate sustained progress moving forward.” Result PDF

• Trendlyne
• 1 year 9 months ago

Broadcasting & Cable TV company Entertainment Network (India) announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Overall revenue: Rs 149.3 crore, a 42.4% increase compared to Q4FY23. Radio revenue growth: 26.4%. Non-FCT revenue growth: 48.1%. EBITDA (excluding digital): Rs 36 crore, up from Rs 23 crore in Q4FY23. Digital segment revenues: Rs 20.3 crore, constituting 24.4% of radio revenue. FY24 Financial Highlights: Radio revenue growth: 10.8%. Non-FCT revenue growth: 8%. Consolidated revenues: Rs 500 crore, a 13.6% YoY growth. EBITDA (excluding digital): Rs 125.4 crore, a 34.5% YoY increase. PAT (Profit After Tax): Increased from Rs 2.34 crore in FY23 to Rs 50.6 crore in FY24. Digital segment revenues: Rs 47 crore, constituting 15.3% of radio revenue. International market performance: Positive, with EBITDA reaching Rs 3.3 crore. Dividend recommended by the Board of Directors: Rs 1.50/- per equity share of Rs 10/- each, aggregating Rs 715.06 lakhs for the year ended March 31, 2024. Commenting on the developments, Yatish Mehrishi, CEO, ENIL, said: “I am delighted with our FY24 performance, both in terms of revenue and profitability. Our strategic emphasis on radio and digital expansion has resulted in significant market share gains, reaching approximately 26% in the current quarter. The integration of Gaana into our digital portfolio signifies a significant milestone, further reinforcing our leadership in India's audio entertainment sector. We remain steadfast in driving profitable growth and creating sustainable value for both shareholders and customers." Result PDF

• Trendlyne
• 2 years ago

Broadcasting & Cable TV company Entertainment Network (India) announced Q3FY24 results: Financial Performance: - Total revenue for Q3FY24 is reported at Rs 140 crore, marking a significant year-over-year growth of 21%. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stands at Rs 44.3 crore, reflecting a healthy margin of 33% and a year-over-year increase of 36.4%. Operational Highlights: - Strong demand in Free Commercial Time (FCT) led by high retail activity contributed sizably to the revenue growth during the quarter. - Non-FCT revenues witnessed a surge with a notable growth of 45% year-over-year. Digital and International Business: - The Digital segment added Rs 11.4 crore to the total revenue, comprising 13% of the radio revenues. - An investment of Rs 6.2 crore was made to enhance ENIL's digital capabilities. - International business reported stable and profitable operations with an EBITDA of over Rs 2.3 crore for the quarter. Gaana Acquisition: - The completion of the Gaana deal is a pivotal step in strengthening ENIL's digital offerings and turning around its digital story. Balance Sheet and Liquidity: - The Balance sheet as of December 31, 2023, shows Cash and cash equivalents amounting to Rs 262 crore. Commenting on the developments, Yatish Mehrishi, CEO, ENIL, said: “I am thrilled to report a strong quarter with increased radioactivity and a fantastic festive season. Our revenue growth has outpaced the industry, demonstrating our leadership. Over the past two years, we've seen consistent revenue growth, doubling the industry average and significantly improving profitability. As our current businesses gain momentum, we're dedicated to future investments. The addition of Gaana is a crucial step in our digital journey, aiming to offer high-quality audio content on a unified platform. Looking ahead, the synergy between our brands, Mirchi and Gaana, along with our industry experience, positions ENIL as a key player in India’s audio entertainment space.” Result PDF

• Trendlyne
• 2 years 3 months ago