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Radio Mirchi Q3 net zooms 27% to Rs 32.86 crore

MUMBAI: Entertainment Network India Ltd (ENIL), which operates private FM radio network Radio Mirchi, has reported a net profit of Rs 32.86 crore (Rs 328.6 million) for the quarter ended 31 December 2014.

The company’s net profit zoomed 27 per cent in Q3 FY15, compared to Rs 25.87 crore (Rs 258.7 million) recorded a year ago.

While total income from operations saw an increase of 17.7 per cent to Rs 116.98 crore (Rs 1.17 billion) from Rs 98.52 crore (Rs 985.2 million) last year, marketing expenses also increased by 86 per cent to Rs 25.75 crore (Rs 257.5 million), compared to Rs 13.85 crore (Rs 138.5 million) in the year-ago period.

The company’s total expenses stood at Rs 80.52 crore (Rs 805.2 million), up 17.7 per cent from the year-ago period. Of this total, Radio Mirchi reported expenses of Rs 68.38 crore (Rs 683.8 million).

Meanwhile, profit from operations before other income, finance cost and exceptional items was at Rs 36.46 crore (Rs 364.6 million), marking a 21 per cent increase from Rs 30.13 crore (Rs 301.3 million) registered in the same quarter a year ago.