Radio Mirchi reports Rs 4 crore net profit in Q1
Submitted by Avneet Sidhu on Sat, 08/07/2010 - 16:37
Leading private FM radio operator Entertainment Network India or ENIL has announced its first quarter financial results for the fiscal year 2010-11. Leading private FM radio operator Entertainment Network India or ENIL is popularly known as Radio Mirchi.
According to the company, it has registered a significant Rs 4.3 crore of net profit for the first quarter of the continuing financial year.
Radio Mirchi has managed to produce an impressive show in net profit rise as compared to a sever loss in the same quarter last year.
The firm has suffered a net loss of Rs 1.4 crore for the June quarter of the previous fiscal. There has been a significant growth in the EBITDA as well.
The company has posted an EBITDA of Rs 14.5 crore which has been a mammoth 57% rise against last year.
The total revenue has gone up by 14.5% has touched to Rs 57.5 crore. ENIL's consolidated total income for April-June quarter is found out to be Rs 115 crore with a growth of 31.7%.
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