Entertainment Network (India), the operator of FM radio channel Radio Mirchi, on Tuesday reported a 21% increase in total revenue to Rs 140 crore.
The company’s EBITDA stood at Rs 44.3 crore, showing a 36.4% rise on year-on-year basis, primarily driven by topline growth. ENIL announced profit after tax of Rs 21.6 crore for Oct-Dec quarter, marking a 108% jump.
The digital segment contributed Rs 11.4 crore to the revenue, making up 13% of total radio revenues. Additionally, ENIL invested Rs 6.2 crore in strengthening its digital presence, the company said.
The international business was seen to be stable with EBITDA of over Rs 2.3 crore during the quarter
Entertainment Network (India) reports 21% rise in revenue
By yourbiotech
