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| Exchange Received Time 02/11/2018 20:27:51 Exchange Disseminated Time 02/11/2018 20:27:55 Time Taken 00:00:04 | Mirchi PAT up 50.2% in Q2
ENIL, the operator of India's #1 FM radio channel Radio Mirchi, today announced its results for the quarter ended September 30, 2018.
The Company posted a total revenue of Rs.122.5 crores during the quarter as compared to Rs.125.3 crores in Q2FY18. Reported EBITDA during the quarter is Rs.27.3 crores down by 3.9% but underlying EBITDA is higher. PAT grew by 50.2% to Rs.8.9 crores for the quarter ended September 2018.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: '50% increase in PAT, mid-single digit radio growth, higher margins in non-FCT business, rising profitability in Phase-3 stations, successful execution of the Bryan Adams concert all point towards a solid performance in Q2! The slight dip in reported revenues is entirely on account of the shift in the festival season to Q3. We expect Q3 to be a quarter of solid growth!' |
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