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Entertainment Network Q4 income grow 18%

Entertainment Network Q4 income grow 18%

The Company posted a growth of 18.3% in total income at Rs.147.2 crores as compared to Rs.124.4 crores in Q4FY15. Earnings before Interest, Tax,Depreciation and Amortization (EBITDA) stood at Rs.38.5 crores, up 11.5%.Company reported PAT of Rs.20.1 crores for the quarter

 

Entertainment Network (India) Ltd, the operator of India’s #1 FM radio channel Radio Mirchi, today declared its result for the quarter and full financial year ended March 31, 2016.
 
The Company posted a growth of 18.3% in total income at Rs.147.2 crores as compared to Rs.124.4 crores in Q4FY15. Earnings before Interest, Tax,Depreciation and Amortization (EBITDA) stood at Rs.38.5 crores, up 11.5%.Company reported PAT of Rs.20.1 crores for the quarter.
 
For the full financial year, total income grew 16% to Rs.508.6 crores as against Rs.438.5 crores in FY15. The Company reported a net profit of Rs.100.0crores. EBITDA grew by 9.7% to Rs.159.4 crores.
 
The Company won 17 stations in Phase 3 auctions and has launched Bengaluru, Guwahati and Kochi stations. Bengaluru is Mirchi’s first launch in the second frequencies network.
 
Commenting on the results, Mr. Prashant Panday, Managing Director and Chief Executive Offer, ENIL, said: “Rs 500 crores is an important milestone in any media company’s life and I am happy we’ve crossed that! We’re now working on launching our 2nd channel in every major city in the country, as well as entering new markets like Chandigarh, Kochi and Guwahati for the first time with brand Mirchi. We look forward to a very exciting next 5-years”.
 

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