Entertainment Network (India) reports consolidated net loss of Rs 5.50 crore in the June 2024 quarter

Entertainment Network India Ltd (ENIL), operator of Radio Mirchi, saw a 19.3% YoY growth in domestic revenues, reaching ₹109.4 crore, driven by radio and digital segments. Q1 FY25 EBITDA (excluding digital) was ₹20.5 crore, up from ₹19.2 crore in FY24. Net profit rose to ₹5.8 crore. Digital revenues hit ₹17.8 crore, 25% of radio revenue. Consolidated revenues for Q1 FY25 were ₹113.5 crore with international markets EBITDA positive. CEO Yatish Mehrishi expressed satisfaction with Q1 results, highlighting growth momentum and the positive reception of the Gaana app.

ENIL posts 19.3% domestic revenue growth in Q1

Entertainment Network (India) Ltd, the operator of India’s number 1 FM radio channel Radio Mirchi, on Friday announced its results for the Fourth Quarter and full year ending March 31, 2024. During the quarter, Overall revenue stood at ₹149.3 Crores, marking a significant 42.4% increase compared to Q4FY23. This growth was broad-based, driven by both the Radio and Non-FCT segments. In Q4FY24, Radio revenue saw a growth of 26.4%, while Non-FCT revenue surged by 48.1%.

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ENIL Q4 Outlook  For FY24 | Revenue Up By 4.2% YoY; Board Recommends Dividend Of 1.5/SH

Entertainment Network India Ltd (ENIL), the operator of India’s top FM radio channel Mirchi, reported a net profit of ₹4.4 crore for the fiscal first quarter, rebounding from a loss a year earlier.

Mirchi parent ENIL swings to black in Q1

Entertainment Network India Ltd (ENIL), which owns city-centric music and entertainment brand Mirchi, has launched its latest audio series, ‘Purane Khat’, on its digital platform, the Mirchi Plus app.

Mirchi Plus rolls out digital audio series ‘Purane Khat’

Net Sales are expected to increase by 22.9 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 122.1 crore, according to Prabhudas Lilladher.

Entertainment Network (India) Q4 PAT seen to Rs. 9.6 cr: Prabhudas Lilladher

On top of that, the association pointed out that the burden of the licence fee has left very little funds for operations and salaries. Entertainment Network India (ENIL), the owner of FM radio station Mirchi, submitted that the government should announce a financial package for the radio industry.

AROI seeks FM radio licence fee at 4% of annual revenues

Entertainment Network (India) consolidated net profit declines 29.39% in the December 2022 quarter

Entertainment Network (India) standalone net profit declines 47.04% in the December 2022 quarter

Japanese advertising major Hakuhodo has acquired a 51% stake in Indian brand and entertainment agency group Marching Ants & Trigger Happy Entertainment Network (MA&TH). The financial details of the deal were not disclosed.

Japan’s advertising Co Hakuhodo picks up 51% in MA&TH

This is ENIL’s first external investment, and with this move, the company has signalled its interest in strategic investments to build shareholder value in the long term. Founded in 2020, Spardha is a platform that caters to individuals with specific learning demands and aims to reinvent the music l…

ENIL buys significant minority stake in music platform Spardha

Hasn't fared well - amongst the low performers

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Seems to be overvalued vs the market average

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Good time to consider, stock is not in the overbought zone

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Entertainment Network (India) is engaged in FM radio broadcasting through its brand Radio Mirchi. The Company's principal revenue stream is advertising. 