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| Exchange Received Time 23/05/2018 22:53:39 Exchange Disseminated Time 23/05/2018 22:53:42 Time Taken 00:00:03 | Radio Mirchi cuts ad volumes; revenue falls 3.5%, PBT grows 13.0% in Q4
May 23, 2018: ENIL, the operator of India's #1 FM radio channel Radio Mirchi, today announced Q4FY18results.
Company posted total revenue of Rs. 159.4 crs. during qtr compared to Rs.165.2 crs in Q4FY17. EBITDA and PBT during qtr was higher at Rs 35.4 crs and Rs.21.3 crs respectively.However, due to the one-off tax items, PAT was lower at Rs.11.7 crs.
Commenting on results,Mr. Prashant Panday, MD & CEO, ENIL, said:'FY18 was a year in which we undertook a bold decision to address the biggest listener feedback - to cut the number of ads we play. Our listeners rewarded us by giving us a huge lead in listenership! We also grew our pricing, improved margins of our non-radio businesses, achieved rapid growth in new-station revenues, turned new stations profitable and turned the company net debt free! We made a small sacrifice in revenues, but as a result of this, we are now poised for strong growth in the years ahead'. |
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