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| Exchange Received Time 03/08/2018 19:33:00 Exchange Disseminated Time 03/08/2018 19:33:09 Time Taken 00:00:09 | Press Release
Mirchi revenue up 16%, PAT up 107% in Q1
Mumbai, August 3, 2018: Entertainment Network (India) Ltd, the operator of India's #1 FM radio channel Radio Mirchi, today announced its results for the quarter ended June 30, 2018.
The Company posted strong set of numbers, Revenues grew by 16.4% to Rs. 121.6 crores, Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) grew by 65.0% to Rs.28.4 crores and PAT grew by 107.3% to Rs. 9.2 crores in Q1FY19.
Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said: 'Our numbers show that we have fully bounced back from the demonetization and GST induced lows of last year. All our products have done well. Our core radio revenues have grown by 22%. Our activations & concerts margins have improved from 24% to 28%. Our profit growth has been exemplary too. With our number 1 position in listenership in most important markets, the financial results are hardly a surprise!'
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