Entertainment Network (India) Limited operates FM radio broadcasting stations under the brand names Mirchi, Mirchi Love, and Kool FM. It sells airtime in the Company’s FM radio broadcasting stations, activations, concerts, and monetization of the Company’s digital and other media properties for advertising.
Financial Results:
- Entertainment Network (India) Ltd reported Revenues for Q1FY24 of ₹95.56 Crores down from ₹99.20 Crore year on year, a fall of 3.67%.
- Total Expenses for Q1FY24 of ₹103.51 Crores down from ₹118.76 Crores year on year, a fall of 12.84%.
- Consolidated Net Profit of ₹1.34 Crores from -₹13.57 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.24, from -₹2.86 in the same quarter of the previous year.